# Buyers Guide
**Source:** https://no.zanderfield.com/buyers-guide
**Language:** Norwegian

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![Couple enjoying ocean view from luxury villa](/images/site/buyers-guide-hero.png)

The Process

# The Buying Process in Gran Canaria

A clear guide to buying with confidence.

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Step by Step

## The Buying Journey Step by Step

01

### Define Your Priorities

Every successful property search starts with clarity. Before you begin viewing, understand what matters most: location, property type, lifestyle, privacy, condition, rental potential, accessibility, outdoor space, or long-term value.

02

### Set a Realistic Budget

The purchase price is only part of the full picture. Allow for additional transaction costs, mortgage costs, refurbishment, furnishing, or setup costs. A realistic budget helps you search, compare and negotiate with confidence.

03

### Prepare the Practical Requirements

Obtain an NIE number, arrange a Spanish bank account where needed, prepare proof of funds or finance, and ensure basic documentation is ready before moving forward.

04

### Search, Shortlist and View

Identify suitable opportunities and compare them properly. Local knowledge makes a real difference — surrounding area, access, building quality, community, orientation and long-term suitability are just as important as online appearance.

05

### Agree Terms

Agree the main terms: price, timeline, furniture or contents, handover arrangements and the structure of the transaction. A written reservation or private agreement may be used before final completion.

06

### Due Diligence and Preparation

Review property documentation, confirm ownership and ensure the transaction is progressing correctly. Clarity, communication and confidence that everything is moving as it should.

07

### Completion Before the Notary

The public deed is signed before the notary and the balance paid. If a buyer cannot attend, a representative can be appointed by power of attorney.

08

### After Completion

Taxes, land registry, utilities, insurance, community fees and other ownership formalities. Zanderfield helps ensure a smooth transition into ownership.

Common Questions

## Frequently Asked Questions

### How long does the buying process take in Gran Canaria?

The timeline varies depending on the property and the buyer's circumstances. In straightforward cases, the process from agreeing terms to completion can take between four and twelve weeks. Having your NIE number, bank account and proof of funds ready in advance helps avoid delays.

### Do I need an NIE number to buy property in Spain?

Yes. The NIE (Numero de Identificacion de Extranjero) is the foreign identification number required for all property transactions in Spain. It is advisable to obtain this before making an offer so the process can move forward without delays.

### What taxes do I pay when buying property in Gran Canaria?

For resale properties, buyers pay transfer tax (Impuesto de Transmisiones Patrimoniales). For new-build properties, IGIC (the Canary Islands equivalent of VAT) typically applies instead. Additional costs include notary fees, land registry fees and administrative costs. As a general guide, buyers allow around 10% on top of the purchase price for all transaction costs.

### Can a non-resident buy property in Gran Canaria?

Yes. There are restrictions on non-residents purchasing property in Spain or the Canary Islands. International buyers from both EU and non-EU countries regularly purchase in Gran Canaria. The main practical requirements are an NIE number and, in most cases, a Spanish bank account.

### Do I need to be present in Gran Canaria to complete the purchase?

Not necessarily. If you cannot attend the notary signing in person, it is possible to appoint a representative using a power of attorney to complete the transaction on your behalf.

### What are the ongoing costs of owning property in Gran Canaria?

Ongoing ownership costs typically include annual local property tax (IBI), community fees for shared buildings or complexes, utility bills, home insurance, and any tax obligations related to rental use or non-resident ownership. Your Zanderfield advisor can help you understand the full picture before you commit.

## Ready to Start Your Search?

Whether you already have a specific property in mind or you are just beginning to explore your options, Zanderfield is here to help.

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