House buying in general can be confusing but the process for buying a house in Spain can be extremely complicated if you don’t know what to expect.
You can still buy a house with a mortgage on Ibiza, the deposits expected can sometimes be higher than what you would expect in the UK and there are a few other costs which you may not be familiar with.

Purchasing a house is also not as straight forward if you do not have residency status. You would have to obtain your NIE number – this is like the UK’s National Insurance number and have a Spanish bank account.

You will also need a solicitor, preferably one that speaks Spanish and is resident on the island. At Villas Ibiza we have our own in-house legal counsel that can act for you.

Once you find a property you will also need to pay a reservation deposit which is non-refundable, usually of around 5000 euros, and you will also sign a proposed contract. You will then need to pay a deposit of at least ten percent.

When the purchase process is completed, there would be ownership taxes that should be paid regularly as IBI (Municipality Tax). Either a resident in Spain or not, all the property owners are responsible for IBI.