From January 3 2012, new rules have been introduced by the Spanish government regarding the procedure by which foreign home buyers obtain their ID numbers, opp.org.uk has reported.

A power of attorney used to be acceptable until December 2011, but now every purchaser needs to attend in person, either in Spain or at their local Embassy.

An NIE number is a tax identification number that all individuals must possess prior to purchasing or selling a property, obtaining a mortgage, starting up a business or working in Spain. The number must be obtained by the time deeds are signed at the notary and purchasers are recommended to apply around one month before signing if attending a Spanish police station in person or two months if applying via a consulate or embassy overseas.

Despite the hassle that these new rules might create to potential buyers of Spanish property, most property experts believe that the situation will not affect the Spanish property market.

Nevertheless, because legal advice is essential when buying property abroad, we at QSD Group can guarantee full legal security throughout the purchase process thanks to our Legal Department, prepared to advise you on all kinds of legal and tax matters in order to ensure your peace of mind.

The department is made up of specialized lawyers with in-depth knowledge of current legislation. They can take care of all the procedures required so that you can rely on full legality of your purchase.

If you are looking for your own home in the sun, discover our excellent selection of property for sale both new and resale on the Spanish Costa Blanca, at the best prices. Call us now and let us know about your property needs!