Spain is one of the most popular destinations for foreigners looking to purchase real estate. The process is transparent, though it does have its own specific nuances.
The first step is obtaining an NIE (Foreigner Identification Number). This is followed by selecting a property, signing a preliminary agreement (arras), undergoing a notary review, and executing the *escritura pública* (public deed).
The purchase tax ranges from 6% to 10%, depending on the region. Mortgage financing is available to non-residents, covering up to 70% of the property's value.
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