Buying a property in Spain involves more complexity than many international buyers anticipate, and several recurring miscalculations can prove costly. One of the most frequent errors is underestimating the additional costs on top of the purchase price, such as taxes, notary fees and registration costs. Obtaining a NIE number — the Spanish tax identification number required for any property transaction — is another step that buyers sometimes leave too late. Spanish tax obligations, both at the point of purchase and on an ongoing basis, also catch many newcomers off guard. Experts advise prospective emigrants to invest time in learning basic Spanish to navigate dealings with banks, notaries and local authorities more smoothly. For those considering a move to the Costa Blanca, working with a bilingual local estate agent or legal adviser from the outset can help avoid these pitfalls.

Source: SpanjeVandaag

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