Purchasing a property in Sitges, a dream destination for many, is an excellent investment whether you’re looking for a permanent residence or a second home to enjoy the Mediterranean coast. However, the buying process involves certain procedures and documentation that are essential to consider before starting.
1. National Identity Document or Passport
The first step to purchasing a property in Sitges, or anywhere in Spain, is having a DNI if you are a Spanish citizen, or a passport if you are a foreigner. This document is essential at every stage of the purchasing process.
2. Foreigners’ Identification Number (NIE)
If you are not a resident of Spain, you will need to obtain an NIE, which is the number assigned by the Spanish authorities to foreigners. This number is mandatory for conducting any financial transactions, including purchasing properties.
3. Spanish Bank Account
To manage payments related to the purchase, notary fees, and taxes, it is advisable to have a bank account in Spain. This will simplify transactions and allow you to handle financial matters more efficiently.
4. Deposit Agreement
Once you have found the property you wish to purchase, the next step is to sign the deposit agreement. This document ensures that both the buyer and the seller are committed to the transaction and generally includes the payment of a deposit to secure the purchase.
5. Deed of Sale
The most important document is the public deed of sale, which is signed in front of a notary. This deed will be later registered in the Land Registry to formalize the purchase.
6. Mortgage (if applicable)
If you need to finance the purchase of the property, you will need to arrange a mortgage with a bank. The documentation required to obtain a mortgage may vary depending on the bank, but generally, you will need to provide bank statements, proof of income, and a property valuation.
7. Taxes and Fees
Additionally, you will need to submit and pay certain taxes such as the Property Transfer Tax (ITP) or VAT, depending on whether the property is new or second-hand.
Where to Find the Perfect Home in Sitges?
In Sitges, there is a wide variety of properties available to suit different tastes and needs. If you are looking for a home in this beautiful coastal town, we recommend exploring the options offered by Sitges houses, an agency specializing in the buying and selling of properties in the area.
If you’re interested in living in an exclusive area, we invite you to explore the properties in the Vallpineda development, a prime location just minutes from the center of Sitges. You can view available homes at this link: Homes for Sale in Vallpineda.
