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How to Buy a House in Spain and Retire Comfortably from the UK

Spain is one of the most popular destinations for UK buyers, whether for a second home, investment, or retirement. Understanding the buying process and retirement options ensures a smooth transition. IPTW Consulting specializes in guiding foreign buyers through every step.

How to Buy a House in Spain

Choose the Right Location – Popular areas include Costa del Sol, Alicante, and Barcelona, offering a mix of affordability and lifestyle benefits.

Set Your Budget – Factor in property prices, taxes (around 10-15% of the purchase price), and maintenance costs.

Legal and Financial Considerations – Non-residents need an NIE (Foreign Identification Number) and a Spanish bank account. Hiring a legal expert like IPTW Consulting ensures compliance.

Secure Financing – Spanish banks offer mortgages to foreign buyers, typically covering up to 70% of the property’s value.

Complete the Purchase – After due diligence, sign the final contract before a notary and register your property.

Retiring to Spain from the UK

Retiring in Spain offers lower living costs, excellent healthcare, and a relaxed lifestyle. Post-Brexit, UK retirees must apply for a Non-Lucrative Visa or Golden Visa. Access to healthcare is available through private insurance or the S1 form.

With expert assistance from IPTW Consulting, buying a house and retiring in Spain can be a seamless and stress-free experience. Contact us today to start your journey!