July 25, 2025
Notary fees in Spain are lower than in Belgium.
✅ Fact – On average 0.5% to 1%.
You don’t pay property tax income in Spain.
❌ Fiction – There is an annual tax for non-residents.
No inheritance tax for non-residents.
❌ Fiction – This exists, but rates vary by region.
You can buy without ever having been in Spain.
⚠️ True, but... – You can do it via power of attorney, but it remains risky. PLUS, in order to set up the power of attorney, you MUST be present in Spain.
An apartment can be sold with construction defects/violations.
⚠️ True, but it is a risk for the buyer, who may later need to regularize or risk a fine.
Every home must have an energy performance certificate.
✅ Fact – Mandatory since 2013.
Negotiating is unusual.
❌ Fiction – Negotiation does happen, especially for existing construction.
NIE number is required when purchasing.
✅ Fact.
Second home has no impact on Belgian taxes.
❌ Fiction – It can affect your tax return.
Spanish property prices are dropping sharply.
❌ Fiction – Prices are stable to rising, depending on the region.
Renting requires registration.
✅ Fact – For tourist rentals. The regulations here have recently changed, so make sure you check everything carefully with the real estate agent.
New builds have a 2-year warranty.
⚠️ True, but... – There is 1, 3, and 10 years of warranty depending on the type of defect.
Buying furnished is standard.
❌ Fiction – Often only optional.
Shared swimming pool = annual costs.
✅ Fact.
You automatically get a rental license.
❌ Fiction – Procedure and conditions.
Tax even without renting.
✅ Fact – IRNR.
A Spanish will is mandatory.
❌ Fiction – But it is still advisable.
The Spanish real estate market is less regulated.
✅ Fact.