Taxes and Finance

A property currency exchange is the process of converting money from one currency into another when buying or selling an overseas home. For a property purchase in Murcia, this could mean changing pounds, US dollars, Canadian dollars or another currency into euros. Because exchange rates can move between reservation and completion, even a relatively small change may affect the final cost significantly....

Moving from the USA to Spain involves choosing a suitable visa, planning for Spanish and US tax obligations, arranging healthcare and deciding where you want to live. Americans cannot relocate permanently simply by purchasing a home, but they can buy Spanish property without first becoming residents. Murcia is an appealing option for buyers seeking Mediterranean beaches, golf resorts, modern amenities and...

The additional charges when buying in Murcia normally include purchase taxes, legal fees, notary and Land Registry costs, and, where finance is required, a property valuation and possible mortgage fees. As a sensible starting point, buyers should usually allow approximately 10% to 14% above the agreed property price, although the final amount depends on whether the home is a resale or new build, the...

Non Resident Property Taxes in Spain - Yesterday, the 13th January 2025, President Sanchez proceeds to make a statement that would significantly change. The current taxes that would be imposes on Non-EU & Non Resident citizens looking to buy property in Spain.  Even though, at this stage, it’s unclear as to what these would fully mean it is our understanding here at Murcia Services, that the...

As a real estate agent specialising in the Spanish property market, we often receive inquiries from foreign buyers interested in purchasing a home in Spain. One of the most common questions revolves around securing a mortgage as a non-resident. In this article, we will provide an in-depth guide to foreign mortgage options in Spain, covering eligibility requirements, the application process, and tips for...