Determining what type of property we are looking for, whether it is going to be a modern apartment in the city or a villa by the sea, whether it is to come from the primary or secondary market and for what purpose, will help us a lot in determining the budget and search area. In the first step it is important to define the source of financing and realize the additional costs such as taxes, notary fees, etc., oscillating between 10 and 15% of the price of the property. After making the calculation, it is worthwhile to make a personal trip to “our” region. Here, with the help of a real estate consultant, we reconnoitre not only the properties we are interested in, but also the neighborhood and surrounding area, this is extremely important both if we are investing in a vacation property for ourselves and for rent. We have found a property that meets our requirements – now it’s time to act, i.e. we pay a reservation fee of €6,000 to €10,000 and we can already start the legal actions for the property and make an offer. At the end of the negotiations and after making sure that there are no legal doubts about the acquisition of the property (checking the entry in the land register, etc.) we enter into a preliminary contract with the seller. In order to finalize the whole thing, we will need a Spanish bank account and a tax identification number, i.e. N.I.E. Application for this number can be made at the Embassy of the Kingdom of Spain in Warsaw, or in Spain by means of a notarial power of attorneyn Translated with DeepL.com (free version)