IBZ32434

€3,550,000.00

Ibiza Town, Balearic Islands, Spain

4 bed
4 bath
311 m²
House

Lucas Fox · View original listing

About this place

Wonderful villa with the best and widest views from Can Furnet to Dalt Vila for sale exclusively with Lucas Fox.

Buying property in Spain

Full guide →

Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.

The buying process

1
Get an NIE
Apply for the foreign-resident tax number at a Spanish consulate, police station, or via a representative with power of attorney.
2
Open a Spanish bank account
Needed for the deposit, taxes, mortgage payments, and utilities.
3
Engage an independent lawyer
Lawyer runs title, debts, planning, and community-of-owners checks — the notario will not.
4
Reservation contract
Small deposit (€3,000–€10,000) takes the property off the market while due diligence runs.
5
Sign the contrato de arras
Private purchase contract with a 10% deposit. If the buyer pulls out they lose it; if the seller pulls out they pay double.
6
Sign the escritura pública
Final public deed signed before a notario; balance and taxes paid; keys handed over.
7
Register the property
Lawyer registers the deed at the Registro de la Propiedad and arranges utility and IBI transfers.

Typical fees & taxes

ITP (resale transfer tax): 6–10% depending on region (e.g. 10% Catalonia, 7% Madrid)
IVA + AJD (new build): 10% VAT + 0.5–1.5% stamp duty
Notario & Registro: €1,000–€2,500 typical
Legal fees: 1–1.5% of price + VAT
Annual IBI (council tax): 0.4–1.1% of cadastral value per year
Plusvalía municipal: Paid by seller, but check the contract — sometimes negotiated

Timeline

Reservation to contrato de arras: 2–4 weeks
Arras to escritura: 4–8 weeks
Total typical timeline: 2–3 months

What you'll need

NIE (foreign tax number)
Spanish bank account(optional)
Not legally required but standard practice
Passport / ID
Proof of funds / mortgage offer

Spain ended its Golden Visa property route in April 2025. Non-resident mortgages are widely available, typically 60–70% LTV. Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax. Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.

General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference