Do you want to invest in a secondary residence in Spain for your vacation, to make profitable real estate investments or to spend your retirement in the sun all year round? The best solution is to check some houses for sale in Barcelona. If you have the budget, you can even opt for one of the luxury villas for sale near Barcelona. This article provides you with what you need to know about the administrative formalities if you plan to buy house in Barcelona.
Administrative Formalities for Real Estate Purchase in Barcelona
While looking for houses for sale in Barcelona Spain, you should learn learn more about the required administrative procedures. The purchase of real estate follows different rules according to the buyer’s nationality. Obtaining the NIE (Número de Identificación Extranjero), which is the tax identifier assigned to foreigners living in Spain, is compulsory if you want to buy house in Barcelona. This number is essential when signing the act of real estate purchase, but also when opening a bank account as a non-resident. Allow an average of 10 days to receive your NIE in Barcelona. It is important to notice that it remains indispensable for the purchase of an apartment or a villa for sale Barcelona. Of course, it would be wise to have a real estate agency to assist you.
The Price and Tax Advantages for Buying a House or a Villa in Barcelona
Do you want to choose among the best villas and houses near Barcelona? Know that it is the perfect plan. The prices of villas and houses for sale in Barcelona Spain are far lower than in other European cities. With EUR 250,000 to EUR 350,000 Euros, you can afford one of the luxury villas for sale near Barcelona if you choose an effective real estate agency. You will get a prestigious villa for sale Barcelona with a swimming pool with a budget of EUR 400,000.
Pitfalls to Avoid when Buying a House or a villa in Barcelona
The Barcelona square meter is 15% to 20% smaller than in most European towns. It is the case in Spain in general. The area mentioned by Spanish owners and real estate agencies corresponds to the built area, including a percentage of the thickness of walls, balconies, terraces, etc. Also beware of double commissions! Some Barcelona real estate agencies charge both the seller and the buyer a commission, while their commissions are usually paid by only the seller.