Buying a Home in Spain for Dutch and Belgian Buyers
The Spanish buying process is the same for everyone, but if you buy from the Netherlands or Belgium, a few extra matters come into play that relate to your home country. In this article we look at that side of the story. The Spanish steps themselves are covered in our step-by-step guide to buying a home in Spain.
Financing from home
Besides a Spanish mortgage, many Dutch and Belgian buyers choose to finance their purchase with their own funds or with the equity in their home country property. Both can be attractive. Get good advice on what works out best in your situation, including the tax angle.
Tax in the Netherlands and Belgium
You must also declare a Spanish home in your own country. Dutch owners declare it in box 3, Belgian owners report the foreign property in their tax return. Thanks to the tax treaty between the countries, double taxation is avoided, but the way this works differs per country. An adviser familiar with cross-border ownership prevents surprises.
Practical: arranging it from a distance
Buying from a distance is perfectly doable. The key points:
- NIE number: can be applied for at the Spanish consulate in The Hague or Brussels, or via power of attorney in Spain.
- Power of attorney: with a notarial power of attorney your lawyer can arrange much on your behalf without you having to travel each time.
- No exchange rate: the Netherlands, Belgium and Spain all use the euro, so you do not need to factor in currency.
- Accessibility: with direct flights from Alicante and elsewhere, a viewing trip is quickly arranged.
A trusted point of contact
Buying in another country feels easier with guidance in your own language. Real Estate G. Jimmink speaks Dutch, knows both the Spanish practice and the points that matter for Dutch and Belgian buyers, and supports you from the first question to beyond the handover of the keys. Feel free to get in touch to discuss your plans.
