FAQ
What is a Personal Shopper?
A Personal Shopper in real estate, also known as a buyer’s agent, is a professional who assists clients in finding and purchasing properties. They offer personalized services, guiding clients through every step of the buying process, from searching for properties to closing the deal, ensuring their interests are protected.
Do I need to be a Spanish resident to be able to buy a house in Barcelona?
No, you do not need to be a Spanish resident to buy a house in Barcelona. Non-residents can purchase property in Spain without restrictions.
Personal Shopper or Buyer’s Agent, is it the same?
Yes, a Personal Shopper in real estate and a Buyer’s Agent essentially provide the same service. Both represent the buyer’s interests exclusively and assist in the property purchase process.
What is a NIE?
A NIE (Número de Identificación de Extranjero) is a Foreigner Identification Number in Spain. It is required for any financial transaction, including buying property, opening a bank account, or signing up for utilities.
Can I rent my investment property in Barcelona through Airbnb?
Yes, you can rent your investment property in Barcelona through Airbnb, but you must comply with local regulations and obtain the necessary licenses. Barcelona has strict rules regarding short-term rentals, so it’s important to ensure compliance, however, you can always rent your property temporarily on airbnb for a minimum of 32 days.
Do I get a residence permit if I buy a property in Spain?
Buying property in Spain does not automatically grant you a residence permit. However, if you invest a certain amount in Spanish real estate, you may be eligible for a Golden Visa, which includes residency.
What is a Golden Visa and how can I get it?
A Golden Visa is a residency permit for non-EU citizens who make significant investments in Spain, such as purchasing real estate worth at least €500,000. To obtain it, you need to meet the investment threshold and comply with other legal requirements.
Can I buy a property in Spain from my foreign bank account?
Yes, you can buy a property in Spain from your foreign bank account. However, to purchase a property in Spain, not having a Spanish bank account will make it nearly impossible to complete the transaction since most sellers will demand to get paid either by an OMF instant transfer through the bank of Spain or a bank check from an official Spanish bank institution.
What documentation do I need to be able to buy a property in Barcelona?
To buy a property in Barcelona, you will need:
– A valid passport or ID
– A Spanish NIE (Foreigner Identification Number)
– Proof of financial capacity (bank statements, income proof)
– Pre-approval for a mortgage (if applicable)
– Funds to cover the down payment and associated costs
What is an Arras Contract?
An Arras contract is a private agreement between the buyer and seller in Spain, where the buyer pays a deposit (usually 10% of the purchase price) to reserve the property. If the buyer backs out, they forfeit the deposit. If the seller backs out, they must return the deposit double.
If I buy a property in Barcelona, am I liable for taxes there?
Yes, as a property owner in Barcelona, you will be liable for various taxes, including property tax (IBI), income tax on rental income, and potentially capital gains tax if you sell the property.
What is the Beckham Law?
The Beckham Law is a special tax regime in Spain for highly skilled foreign workers. It allows eligible individuals to be taxed as non-residents, resulting in a lower tax rate on income earned in Spain for up to six years.
If I buy a property in Barcelona, do I get universal healthcare?
Purchasing property in Barcelona does not automatically grant you access to universal healthcare. However, if you obtain residency, you may become eligible for public healthcare, depending on your circumstances and visa type.
How can I retire in Barcelona?
To retire in Barcelona, you may apply for a Non-Lucrative Visa, which allows you to reside in Spain without engaging in any work or professional activities. You must demonstrate sufficient financial means and have private health insurance.
What is the Spanish Non-Lucrative Visa?
The Spanish Non-Lucrative Visa is a type of long-term residence permit for non-EU citizens who wish to live in Spain without engaging in work or business activities. Applicants must demonstrate financial self-sufficiency and have private health insurance.
How do I find a real estate agent to rent an apartment?
SmartMove is specialised in rentals, we are the ones you should talk to. To find other real estate agents to rent an apartment, you can search online directories, read reviews, ask for recommendations from friends or family, and check local real estate agency websites.
What does a property buying agent do?
A property buying agent represents the buyer’s interests in real estate transactions. They help find properties, negotiate prices, and handle all necessary paperwork.
How can a property finder help me?
A property finder helps locate properties that meet your criteria. They provide listings, arrange viewings, and assist with negotiations and transactions.
Why should I hire a real estate property finder?
A real estate advisor offers expert insights into the market, helps with property valuations, provides investment advice, helps you by protecting your interest, and guides you through the buying or selling process.
What services do real estate consultants offer?
Real estate consultants provide a range of services including property search, market analysis, investment advice, transaction management, and legal guidance.