• The minimum own contribution is determined by each Bank individually, however, it cannot be lower than 30%,
  • the loan can be taken out for a period of 30 years, however, up to the age of 75 (i.e. assuming that we apply for a loan at the age of 60, the maximum period will be 15 years),
  • the loan interest rate is very different and depends on the bank where we apply for a loan, we can say that on average it is about 2.7% + one-year EURIBOR,
  • the procedure for early repayment of the loan is usually the same as in Poland, i.e. after 3 full years from taking out, the loan can be repaid in full or overpaid without additional fees.

  • Certificate of having an account from the bank – bank opinion (translated into Spanish),
  • list of income earned from the previous year or for the current year – balance sheet (translated into Spanish – e.g. PIT settlement with the Tax Office),
  • current certificate of earnings (in case of work) translated into Spanish,
  • photocopy of passport,
  • BiK excerpt,
  • N.I.E. number

Taxes from the Andalusia region:
Taxes related to the purchase of real estate are divided into one-time ones:

  • VAT on the primary market 10%,
  • transfer tax,
  • ownership secondary market 7%,
  • AJD tax (Actos Jurídicos Documentados), i.e. Polish PCC – 1.2% of the purchase price – reduced from 1.5%

And the annual ones:

  • Property tax ( ibi ) and garbage collection,
  • tax for non-residents ( irnr ),
  • wealth tax (“impuesto sobre el patrimonio”) – FROM 21/09/2022 THE “0” RATE IS APPLICABLE UNTIL FURTHER NOTICE

All formal issues, including arranging the NIE number, opening an account, conducting the Anti-Money Laundering process and even media rewriting can be outsourced to a hired specialist lawyer who will guide us through the purchase process from A to Z.

As PlanoSpain, we cooperate only with reputable law firms with many years of experience on the market and, most importantly, with the full process in Polish.


You are interested in?

In our offer you will find luxury properties, located in the most attractive, sunny resorts in Spain, e.g. on the Costa del Sol, Costa Blanca, Costa Brava, but also in picturesque mountains such as Benehavis. We invite you to cooperate!