Spain
Get an NIE number, open a Spanish bank account and budget 10–13% for taxes and fees. Use an independent abogado to check the Nota Simple for debts and planning issues.
Buyer's Guides
Buying abroad is very achievable when you know the steps. Start with the essentials, then read the rules for your chosen country.
Six steps to buying overseas
- 1
Set your budget
Allow 8–15% on top of the price for taxes, legal and notary fees, plus currency transfer costs.
- 2
Get a tax ID
Most countries require a local tax number before you can sign or open a bank account.
- 3
Hire an independent lawyer
Never rely on the seller's or agent's lawyer. Yours checks title, debts, permits and contracts.
- 4
Make an offer & reserve
Sign a reservation or preliminary contract and pay a deposit — know when it becomes non-refundable.
- 5
Survey & due diligence
Commission a structural survey and verify planning, boundaries and utilities.
- 6
Complete & register
Sign the deed before a notary, pay taxes and register ownership at the land registry.
Country guides
The essentials below — for the full picture, see our in-depth country guides.
Portugal
Obtain a NIF tax number, arrange a CPCV promissory contract with a 10–30% deposit, and expect IMT transfer tax plus 0.8% stamp duty.
France
Sign a compromis de vente, then enjoy a 10-day cooling-off period. The notaire handles completion; fees are roughly 7–8% on older homes.
Italy
Get a codice fiscale, sign a compromesso with deposit, and complete before a notaio. Check cadastral records and building compliance carefully.
Greece
Obtain an AFM tax number, hire a lawyer for title checks at the land registry, and budget about 3% transfer tax plus fees.
Indonesia (Bali)
Foreigners cannot hold freehold; common routes are long leasehold or a PT PMA company. Always use an independent notary and lawyer.
Common questions
Can foreigners buy property abroad?+
In most of Europe, yes — Spain, Portugal, France, Italy and Greece place few restrictions on foreign buyers. Some countries are different: in Bali, foreigners generally buy through long leasehold or a company structure rather than freehold.
How much extra should I budget on top of the price?+
Typically 8–15% for taxes, notary, registry and legal fees, depending on the country. Use our Costs & Fees calculator for a country-by-country estimate.
Do I need a local bank account?+
Usually yes — you'll need one to pay taxes, utility bills and community fees. Most countries require a local tax number before you can open an account or sign a contract.
Should I use the agent's recommended lawyer?+
No. Always appoint your own independent lawyer who speaks your language and has no connection to the seller or agent. They check title, debts, permits and the contract on your behalf.
How do I handle the currency exchange?+
Large transfers at a bad rate can cost thousands. Consider a specialist currency broker rather than a high-street bank, and ask about forward contracts to fix a rate for completion day.
Can I get a mortgage for an overseas property?+
Yes — either from a local bank in the country you're buying in, or by releasing equity from a property at home. Local mortgages often require a 30–40% deposit from non-residents.
What about visas and residency?+
Owning property rarely gives automatic residency, but several countries offer residency or 'golden visa' schemes linked to investment. Check the current rules for your chosen country before you buy.
What ongoing costs should I expect?+
Annual property tax, community or service charges, utilities, insurance, and maintenance — plus local taxes on rental income if you let it out. Ask your lawyer for a full picture before committing.