Properties to Buy in Nerja, Spain: A Detailed Guide for Foreigners
Thinking about buying property in Spain? Choose Nerja if you’re looking for the following:
Nerja’s real estate market generally appears similar to Spain’s broader trends. This means it has gone through phases of both growth and stabilisation. However, despite periodic market fluctuations (which is no different to any other Spanish city), property values in Nerja have shown steady appreciation over time.
This not only makes it a sought-after destination for foreigners looking to live somewhere new, but also gives you a quality investment opportunity.
Throughout this guide, we’ll aid you with:
- The Process of Buying Property in Nerja
- Understanding the Local Market
- Managing Property-Related Taxes
Why Buy Property in Nerja?
See why Nerja’s property market is so exciting:
Can Foreigners Buy Spanish Real Estate?
Foreign nationals, including Brits, shouldn’t have any issues when buying property in Spain. They don’t have any restrictions on foreign ownership like in some other European countries, so it’s good news if you’ve got your heart set on Nerja.
In fact, the Spanish government directly encourages foreign investors to buy property in Spain through a range of initiatives – even offering residency programs like the Golden Visa.
In Nerja, you can purchase:
- Luxurious Villas with Sea Views
- Apartments in the Old Town
- Houses in the City
The process for buying these is straightforward but requires careful planning – you’ll also need a Spanish bank account or a larger deposit in most cases.
Finding a House in Nerja
As Spain’s property-buying rules for foreigners are relaxed, many real estate platforms offer listings for homes in Nerja. These platforms allow you to explore various property options remotely or in person.
Popular Spanish Estate Agents for Nerja:
While online platforms are convenient, visiting Nerja to view properties is strongly recommended. This allows you to assess the property’s condition, location, and surrounding amenities firsthand.
What Types of Properties are Available in Nerja?
Nerja offers a diverse range of properties, including:
- Luxury Villas
- Andalusian Townhouses
- Modern Apartments in the Heart of Town
- Countryside Fincas
Buyers often gravitate towards beachfront properties or homes near the picturesque Balcon de Europa.
FAQs
Expect to pay between 10-15% of the purchase price in additional costs, which include:
- Property Transfer Taxes
- Legal Services
- Registration Fees
- Notary Fees
- Valuation Costs and Bank Charges
- Research Nerja’s property market
- Work with a local estate agent to find properties
- Secure a legal advisor who knows about Spanish real estate to aid you (they’ll handle property ownership verification and contracts)
- View the property in person
