Real Estate
Homes, villas and investment properties abroad.
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Buying a house or apartment abroad is an exciting step, but it also raises many legal and tax questions. Between legal differences, local regulations, and cross-border taxation, it's essential to be well informed before signing.
Here is a clear and accessible overview of the points to check to secure your real estate purchase abroad.
📜 1. Check the legality of the purchase for foreigners
Each country has its own rules. For example:
In France, anyone can buy, even if they are not a resident.
In Spain, you need a NIE (Foreign Identification Number).
In Portugal, the market is very open, particularly with the former Golden Visa programs.
In Italy, you must register for tax purposes, even for a second home.
Learn about property rights for non-residents.
🧾 2. Formalities and documents required
Local tax number
Opening a bank account in the country
Certified translations of documents
Verification of property ownership (land title, mortgages, easements, etc.)
Support from a specialized local notary or lawyer is strongly recommended.
💰 3. What are the expected costs?
Notary or registration fees (vary by country)
Purchase taxes: VAT, transfer taxes, etc.
Real estate agency fees
Possible hidden costs (co-ownership fees, local taxes, mandatory work, etc.)
In some countries, the buyer pays all the costs; in others, the costs are shared.
🏛️ 4. Understanding international taxation
Here are some general rules:
You declare your rental income in the country where the property is located.
You may also need to declare them in France (or in your home country), even if you don't pay additional tax, thanks to double taxation agreements.
When you resell, you may be taxed on the capital gain, depending on the length of time you held the property and your tax status.
An international accountant can save you time and money.
🏦 5. Inheritance, gifts, and succession: to plan ahead
In some countries, local law takes precedence over French law.
Consider designating a beneficiary or drafting an international will.
Inheritance taxes can vary greatly from one country to another.
✅ Our tips for a worry-free purchase
Surround yourself with bilingual and certified professionals
Never sign a preliminary agreement without having it proofread
Plan a budget for additional costs
Think about the future: inheritance, rental, future taxes
Use KomNmoK to find the right local contacts
📌 In summary
Buying real estate abroad is a rewarding adventure, but it requires rigor and vigilance. Laws, taxes, and procedures vary from one country to another. With the right preparation, you can avoid common pitfalls and invest with complete peace of mind.
💼 KomNmoK not only supports you in your property search, but also connects you with trusted legal and tax experts.