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Can I buy a property in Spain without a Spanish bank account?

Should you need a mortgage, you will also need a Spanish bank account. Some Spanish banks accept opening bank accounts for non-residents in Spain from abroad, but some others require to sign the opening of the account in Spain, personally or through an attorney, and again, this can take some time.



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The Duration of Property Purchasing in Spain If you are buying a property with no former debts and all paperwork ready, then it can take three to four weeks. If you are buying a property that requires an architect's certificate or you need a mortgage, then it may take five to eight weeks.

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BBVA. This is one of Spain's biggest banks, popular due to its fee-free current accounts8. Both its Fee-Free Online Account and Young Person's Online Account for students are open to both residents and non-residents. The main benefit of these accounts is of course, the fact that there is no monthly fee to pay.

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You can stay in Spain for a maximum of 183 days per year (6 months) in order to not become a resident. If you spend an extra day (184 days and onwards), you will be regarded as a resident, hence paying resident taxes in the country.

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