The 2026 Buying Guide for Costa Blanca & Costa del Sol
If you're thinking about buying property in Spain in 2026, you're not alone. The Costa del Sol and Costa Blanca continue to attract buyers from across Europe thanks to their climate, lifestyle, and strong property market.
But buying abroad can feel complicated.
This guide breaks everything down step-by-step so you know exactly what to expect from your first viewing to getting the keys.
Why Buy Property in Costa del Sol or Costa Blanca?
Both regions offer slightly different lifestyles:
Costa del Sol: More premium, international, and lifestyle-driven (Marbella, Estepona, Benahavís)
Costa Blanca: Better value for money, strong expat communities (Alicante, Torrevieja, Benidorm)
In 2026, demand remains strong due to:
Remote working trends
Lifestyle migration from Northern Europe
Limited supply of new builds in prime areas
Can Foreigners Buy Property in Spain?
Yes — there are no restrictions on foreign buyers purchasing property in Spain.
You do not need residency, and the process is well established for international buyers.
Step-by-Step Buying Process
1. Get Your NIE Number
This is your foreign identification number in Spain. You’ll need it for:
Buying property
Opening a bank account
Paying taxes
2. Open a Spanish Bank Account
This makes the process smoother for:
Deposits
Utility payments
Mortgage setup
3. Find the Right Property
This is where working with a trusted estate agency is key.
A good agent will:
Filter properties based on your needs
Give you access to off-market and new build opportunities
Guide you through the entire process
4. Make an Offer & Reserve the Property
Once you’ve found the right property:
You make an offer
Pay a reservation fee (typically €3,000–€10,000)
The property is then taken off the market.
5. Legal Checks & Private Purchase Contract
Your lawyer will:
Check the property is legally sound
Ensure no debts are attached
Review contracts
You’ll then sign a private purchase contract and pay around 10% deposit.
6. Completion at the Notary
This is the final step:
Remaining balance is paid
Title deed is signed
Keys are handed over
Costs of Buying Property in Spain (2026)
Understanding the full cost structure is critical when buying in Spain, as this is where many buyers get caught out.
You should budget 10–13% on top of the purchase price, depending on whether you buy a resale or new build.
Resale Properties (Second-Hand)
In the Valencian Community (Costa Blanca):
ITP (Property Transfer Tax) is currently being reduced to 9% (previously 10%)
In Andalusia (Costa del Sol):
ITP is typically 7% (flat rate, reduced in recent years to attract buyers)
Other costs include:
Legal fees: ~1% + VAT
Notary fees: ~0.5%–1%
Land Registry: ~0.5%
Total typical costs: 10–12%
New Build Properties
For new developments, taxes are different:
VAT (IVA): 10%
Stamp Duty (AJD):
Andalusia: ~1.2%
Valencian Community: ~1.5%
Additional costs:
Legal fees: ~1% + VAT
Notary & registry: ~1%
Total typical costs: 12–13%
Ongoing Ownership Costs
Buyers should also be aware of annual costs:
IBI (Council Tax): varies by property and area
Community fees: for apartments or gated communities
Non-resident income tax: applies even if you don’t rent the property
Important Notes
Tax rates can change depending on government policy and buyer profile
Some regions offer reductions for younger buyers or specific circumstances
Always confirm with a qualified lawyer before proceeding
Can You Get a Mortgage in Spain?
Yes — non-residents can typically borrow:
60–70% of the property value
Requirements usually include:
Proof of income
Good credit history
Deposit funds available
New Build vs Resale: What’s Better?
In 2026, many buyers are choosing new builds because:
Modern design and energy efficiency (particularly pertinent now with rising energy costs due to Iran war)
Payment plans available
Lower maintenance costs
Resale properties can offer:
Better locations
Lower upfront price
How Long Does the Process Take?
Cash buyers: 4–8 weeks
- Mortgage buyers: 6–10 weeks
Bear in mind that these timeframes relate to the actual conveyancing process, in the case you buy an off-plan property the purchase can take months or even years depending on when the project is set to be completed.
Common Mistakes to Avoid
Not using an independent lawyer
Underestimating buying costs
Choosing the wrong area for your lifestyle
Waiting too long on a good property
Moving forward
Buying property in Costa del Sol or Costa Blanca in 2026 is still one of the most attractive opportunities in Europe.
With the right guidance, the process is straightforward and secure.
Thinking of Buying?
If you’re considering purchasing in Spain, we can help you:
Find the right property
Access the best new developments
Guide you through the entire process
Get in touch today for a personalised shortlist based on your budget and goals.
