Buying property in Spain?
We help you save more money than your bank when transferring currencies abroad with no transfer fees.
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We help you save more money than your bank when transferring currencies abroad with no transfer fees.
Create an account
Talk to an expert
Across the world
Experts in currency
Transferred each year
40+ currencies and 120+ countries
Whether you buy or sell property abroad, you will need large amounts of the local currency to do so.
Our specialized currency transfer service is designed for international real estate investment. We offer the best exchange rates that can save you thousands on your property purchase, with no hidden fees.
Our team of experts understands the intricacies of cross-border transactions and provides personalized risk management strategies to help protect your investment.
It’s often better to use a money transfer provider for sending large sums, as they may get you a much better deal.
Currency providers tend to offer more competitive exchange rates than banks so you get more from your money. They’re also better placed to guide you through the process, offering a wider range of services and personal support.
While many people choose to make large transfers through their banks, this isn’t always the best option.
Banks often work on higher margins than currency specialists, meaning you could get a better deal elsewhere. And they tend to offer a limited range of services, making it harder to time your transfer for when the market is in your favor.
It’s often better to use a money transfer provider for sending large sums, as they may get you a much better deal.
Currency providers tend to offer more competitive exchange rates than banks so you get more from your money. They’re also better placed to guide you through the process, offering a wider range of services and personal support.
The tax you pay depends on the type of property you buy and the region where you buy it. On average, expect to pay between 8% and 12% of the property’s value in tax.
You don’t necessarily need a Spanish bank account, although in many cases it’s best to have one. For instance, if you need to raise a banker’s draft to purchase the property then you’ll need a local account. However, using our PropertyPay service can eliminate the need to raise a banker's draft or open a bank account.
Once you’ve found the right property, the process tends to take around two to three months. However, there are various factors that can impact this, and if you’re buying off-plan then expect to wait upwards of a year.
There are no legal requirements for purchasing a property in Spain. However, you will need to obtain a Foreigners’ Identification Number (NIE). To do this you’ll need to submit an application, along with a form of photo ID and other documentation.
You do not need to be a Spanish resident to buy property in Spain. Foreigners are free to purchase property, as long as they have an NIE.
Exchange rates are always moving, so the rate you’ll receive for your GBP/EUR transfer to Spain depends on when you make the transfer. We can help you navigate currency volatility and target a strong exchange rate, so get in touch if you need guidance.
The key risk in currency exchange is that the exchange rate will weaken when you’re ready to make a transfer. We can help minimise this risk by providing market insights, expert guidance, and specialist transfer options.
For example, you can use a forward contract to lock in an exchange rate for up to a year, protecting you from currency volatility.
Yes, you can automate regular overseas payments on a monthly or quarterly basis.