Spanish mortgage: how much of your own money do you need to purchase a new build?

For foreign buyers, Spanish banks usually finance:

• 60% to 70% of the appraisal value
• Sometimes more for high incomes

This means that you generally need at least:

• 30% down payment
• plus purchase costs

What does buying a house in Spain really cost?

A common mistake is thinking that only the purchase price counts. Buying a house in Spain involves additional costs that you must calculate carefully in advance. Count on a total of approximately 12% to 15% in additional costs on top of the purchase price.