Sitges became a popular destination in the 1960s. It is a wonderful place to buy a house because there is such a melting pot of cultures and perspectives.

Since Sitges is close to Barcelona, it has become one of Spain’s most expensive places to live. Finding rentals in the community is challenging, which means the best option is to look for a house to purchase.

Here is an overview of what to expect when looking for real estate options in Sitges.

What Do I Need for Buying a Property in Sitges?

Before purchasing a house in Sitges, you’ll need to take a few steps to ensure the real estate transaction occurs as smoothly as possible.

• Get an NIE Number. Foreign buyers in Sitges need this exclusive number to complete property transactions. It can be requested at the Consular Office of your home country or from an accredited representative.
• Have an Open Bank Account. An established financial history is necessary to qualify for financing. Even if you intend to pay for a Sitges property with cash, it helps to show a complete monetary picture for buyer acceptance.
• Get Your Finances in Order. Lenders need to see specific documents to approve a loan. An employment history, earnings verification, and similar items will help speed up the process.

Prices When Buying a House in Sitges

Real estate prices in Sitges are highly variable. The listing depends on the property’s condition, house size, and other unique factors.

Detached homes in Sitges typically list for €2 million or more. Penthouses are available for approximately the same cost, with parking included.

Villas tend to be a little cheaper than large, detached houses. Several listings are available each year for under €1 million.

Flats are significantly more affordable, but that means there is more competition for these listings. These typically list for €600,000 or more and become a suitable option if a house isn’t available.

What Are the Added Costs of Buying a House in Sitges?

When purchasing a house in Sitges, you must be prepared for a 10% VAT or Property Transfer tax. The first fee applies to new homes, while the other is for resale properties.

A stamp duty tax must be paid at the Treasury office within 30 working days after the transaction is finalized. This expense is usually 1% of the purchase price, but it can be as high as 2.5% in some situations. It must be submitted when signing the public deed.

Notary and registration fees equal approximately 2% of the property’s value on top of these added expenses. If you have a mortgage, the Notary fee must be paid twice.

Living in Sitges also means that you’ll need to pay a local council property tax. The cost varies based on the property’s value, but it can be established before your purchase so that you know what to expect.

Additional costs to consider include non-resident income tax, community fees, and taxes on earnings if you choose to rent the property.

Although these costs can be significant for high-value properties, they are one-time fees that can sometimes be rolled into a mortgage. Preparing in advance for these expenses makes buying a house in Sitges much easier to manage.