Buy house in Murcia

It could be a complicated process to buy a house in Murcia as an inexperienced buyer. As a foreigner, making arrangements with a Spanish bank or lawyer can be challenging, negotiating mortgages, interest and amortisation. At Habeno, we help you with all the practical aspects of buying a house in Murcia so that you can focus on finding your dream home. Apply for a pre-approval today – get an answer as early as tomorrow.

Houses for sale in Murcia

Many different parties can help you find a house in Murcia. Habeno only cooperates with serious parties with satisfied customers. We can introduce you to a party who can help you find your perfect home in Murcia. The process goes much smoother if you know your limitations when looking for a house. Therefore, we recommend that you start by applying for a Spanish pre-approval. The application is free and only takes five minutes. When you have received an answer to your application and know how much you can lend, you can easily chat with your personal mortgage advisor. Your personal mortgage advisor can then recommend the best real estate agents or developers in Murcia with houses for sale.

How to buy a house in Murcia

– A complete guide for buying a house in Murcia

Buying a house in Murcia can feel difficult and complicated, but it doesn't have to be as difficult as it first seems. To facilitate your house purchase in Murcia, we have set up a multi-step guide with the different steps in the mortgage process. With our service Habeno plus, you can also get a personal advisor who, in addition to helping you with your mortgage, can also advise you on good brokers, lawyers and notaries. Your personal advisor is with you throughout your whole buying journey.

Step 1 – Get a pre-approval

Even if you haven't found the perfect house in Murcia yet, we recommend you start by applying for a pre-approval. In this way, you know how much you can lend and what you have to deal with even before you find the house you want to buy. Apply for a pre-approval, and we will help you negotiate with several Spanish banks.

Step 2 – Find your dream house in Murcia

If you have already found the perfect *object*, you can usually contact the real estate agent for a viewing of the house and the surrounding area in Murcia. If you are still looking for properties, you can use a real estate agent to help you find a house in Murcia that is perfect for you. If you need help finding a real estate agent, one of our advisors can always recommend the best realtors in Murcia, with a large selection of houses for sale.

Step 3 – Make an offer

When you have found your dream house, it is time to make an offer. If you have a pre-approval ready, you know how much your limit is. There's no traditional bidding on houses in Murcia. Instead, it is usually the list price that applies, but there is haggling. When you buy a house in Murcia, it is important to expect that you need to be able to pay for additional costs of between 10 and 12 percent. Those costs can, for example, be taxes, notary fees, registration and connection fees.

Step 4 – Hire a lawyer and apply for an NIE-number

To buy a house in Murcia, as a foreign citizen, you need a número de identificación de extranjeros: an NIE-number. You should also hire a legal representative, i.e. a lawyer. With our plus service, we help you with all these parts and are with you throughout the journey.
Read more about Habeno Plus.

Step 5 – Sign the contract

When you and the seller have agreed on the price, you sign the purchase contract, which states, among other things, the agreed property price and the date of entry. Most commonly, you then also pay a down payment of 10 percent of the purchase price. When you gain access to the house, the sale deed is written, and you pay the rest of the purchase price, transaction tax, and notary fees.

Step 6 – Select your loan offer

If you applied for a pre-approval with us, we contact and negotiate with several different banks. You then go through the offers together with one of our advisors and choose the offer that suits you best. Buying a house in Murcia is often a substantial expense, and the difference between the banks' offers can significantly affect your monthly cost.

Step 7 – Inspection and valuation

When you buy a house in Murcia, it is your, the buyer's, responsibility to inspect the house because houses in Spain are sold as-is. Therefore, you should consider hiring professional help. When you buy a house in Murcia, the bank requires that an independent valuer values your house. If you are a Habeno plus customer, we will help you hire a valuer to value the house. You, as the buyer, pay for the cost of the appraisal.

Step 8 – The bank makes a final assessment

When the valuation is complete, the bank makes a final assessment of the property.

Step 9 – Access

When the bank has made its final assessment, and you have arranged financing and NIE number, you as a buyer get access to your new home. Arranging financing and NIE number usually takes between 1 – 1.5 months. If you already have funding and NIE number ready or received help through our service Habeno plus, you shorten the process significantly and can have an earlier access date.

Step 10 – Move in

You can move into your new house and enjoy Spain.

House prices in Murcia

The price of a house in Murcia can vary greatly depending on the property. There are always several factors that affect the price of a house. Those factors could be the location, condition, size and so on. As an inexperienced house buyer in Murcia, you may not think that there are more costs in addition to the list price. The additional costs are usually taxes, notary, registration, and connection fees. You should always count on needing between 10 and 12 percent more cash in addition to the list price of a house in Murcia.

Cheap houses in Murcia

There are good opportunities if you are looking to buy a cheap house in Murcia. First, if you use a realtor, they can help you find the right home. The realtor usually knows which areas that are often sold for lower prices. Just remember that you, as the buyer, are responsible for the house's inspection. If the house is sold way below the market price, there is usually a reason for this.

Houses for sale in Murcia under 100k

Buying a house in Murcia for less than 100 000 euros is possible. There are several real estate agents and portals where you can find a house in your price range. If you're having trouble finding the house of your dreams, you can always use a realtor to help you find the right property.

Houses for sale in Murcia under 50 000 euros

There are houses in Murcia that you can buy for less than 50 000 euros. But worth knowing is that most banks in Spain have a minimum mortgage amount of 50 000 euros, which means that if you are looking for a house for sale in Murcia below 50k euros, you will need to finance it yourself. Of course, there are always exceptions, so if you're still interested in a mortgage, you can start by applying for a pre-approval, and we'll look at your specific case.

Buying a house in Murcia as a foreigner

Different rules apply when buying a house in Murcia as a foreigner. For example, when getting a mortgage for a house in Murcia as a foreigner, the Spanish banks usually don't let you borrow more than 60-70 percent of the property value. In comparison, a Spanish resident could borrow up to 80%. The LTV (loan to value) can differ between different banks, so if you need help getting the best terms for your case, you can always start by applying for a free pre-approval, and one of our advisors will help you find the best deal.

Buying a house in Murcia after Brexit

Buying a house in Murcia after Brexit is not more complicated than before. There's no difference when it comes to who can buy a house in Murcia between a UK citizen and an EU citizen.

Buying a house in Murcia near the beach

Are you looking to buy a house in Murcia near the beach? These objects are naturally much more popular, making them more expensive. But if you're lucky the acquire a house near the beach in Murcia, we can help you with the best terms on your mortgage.

Houses for sale in Murcia with pool

If you're not aiming to be close to the beach, you can always look for a house with a pool. Unfortunately, houses for sale in Murcia with a pool are often more expensive. Buying a more expensive property doesn't have to be wrong, though. For example, if you buy a house for more than 500 000 euros, you'll get a residency visa.

Owning a house in Murcia

Homeownership levels in Murcia are high. Approximately 80% of the residents own their property. As a house owner in Murcia, you need to appoint a tax representative if you're not planning on being a Spanish resident.

Real estate agents in Murcia

Are you looking for a real estate agent in Murcia? Our team of mortgage advisors can help you find the right real estate agent that suits your needs. To get a more comfortable house-hunting journey, we recommend you start by applying for a pre-approval. That way, you know your purchase limit. Once you've done that, one of our advisors can help you find the right real estate agent for you in Murcia.

Are you planning on buying a house in Murcia?

If you plan to buy a house in Murcia, the first step is to apply for a pre-approval to get a Spanish mortgage. The application is free, and you will receive an answer within one banking day.

Best place to buy a house in Murcia

Murcia is a great city with many lovely places to buy a house. The best location depends a lot on the client and their preferences. Below we list some of the most popular sites in Murcia:

Buy house in Costa Calida
Buy house in Camposol
Buy house in Cartagena

Does nothing in the list above suit you? Then, read more about buying a house in Spain.
Or read more about buying apartment in Murcia.