Mortgage in Valencia


Valencia has grown into one of the most popular regions of Spain for Dutch and Belgian buyers. The sunny climate, attractive prices compared to the Costa del Sol, and the vibrant city make it a beloved location for a second home, an investment property, or a new home base. Do you want to buy a property there and finance the purchase? Then Spaanse Hypotheek can help you with a mortgage in Valencia, from the initial calculation to the transfer at the notary. On this page, you can read how a Spanish mortgage works in the Valencia region and what to look out for.

Table of contents

  1. Why Valencia is popular with buyers
  2. How does a mortgage work in Valencia?
  3. How much can you borrow as a non-resident?
  4. The mortgage process in Valencia step by step
  5. NIE number, valuation and practical matters
  6. Investing and renting out in Valencia
  7. A mortgage advisor in Valencia

Why Valencia is popular with buyers

Valencia combines the advantages of a large city with the tranquility and climate of the Spanish coast. It offers the beach, a historic center, and a favorable price level, certainly compared to regions like the Costa del Sol or the islands. For many Dutch and Belgians, that is exactly the right mix.


The region attracts both people who want to live or spend the winter there, as well as buyers who view a home as an investment. The rental market is strong, the city is growing, and tourism continues to increase. This makes Valencia attractive for a second home as well as for an investment property with a return.


Whatever the plans may be, financing plays a central role in almost all cases. A well-structured mortgage determines how much you can buy and how comfortable your investment is. That is why it is smart to arrange financing early in your search.


How does a mortgage work in Valencia?

You take out a mortgage for a property in Valencia with a Spanish bank. The conditions differ from what you are used to in the Netherlands or Belgium: Spanish banks look at your income, your expenses, and your situation as a non-resident, and apply their own requirements. If you want to know how this works in general, please also read our explanation about a mortgage in Spain.


In the Valencia region, we work with various banks, each with its own interest rates and acceptance policy. Which bank suits you best depends on your profile and your plans. By comparing multiple options, you avoid being tied to unfavorable terms. You can read more about this on our page about banks in Spain.


Important to know: as a buyer, you do not simply decide which bank to turn to. An advisor who knows the local market knows which bank is the most competitive at the moment and what is feasible for your situation. That saves time and prevents disappointment.


How much can you borrow as a non-resident?

As a non-resident, Spanish banks typically finance a maximum of around 60 to 70 percent of the appraisal or purchase value of the property. You should therefore factor in a down payment of approximately 30 to 40 percent, plus buyer's costs. In Spain, these costs average 10 to 14 percent on top of the purchase price.

Exactly how much you can borrow depends on your income, your existing expenses, and the type of home. Entrepreneurs, director-major shareholders, and investors often have a different income profile; this is precisely where we can provide valuable input. Calculate what is feasible in advance with our mortgage calculator so that you can search more effectively.

Ideally, start with your financing rather than the property. If you know how much you can borrow and how much of your own money to contribute, you avoid falling in love with a house that is just out of reach. Also, check the closing costs for a property in Spain to complete your budget.


The mortgage process in Valencia step by step

The financing process for a home in Valencia works broadly as follows:

  • A no-obligation consultation about your plans and your financial situation
  • A calculation of what you can borrow and what down payment is required
  • Applying for your NIE number and opening a Spanish bank account
  • Requesting quotes from suitable banks
  • The valuation of the home by a certified appraiser
  • The final approval and the signing at the notary

We can guide you through many of these steps or take them off your hands. You can find an overview of the entire process on our page about the mortgage process.


NIE number, valuation and practical matters

For the purchase and the mortgage, you need a NIE number, the Spanish tax identification number. Without this number, you cannot buy a home, open a bank account, or take out a mortgage. So apply for it in time; we explain how that works on the page Apply for a NIE number.


In addition, the bank always has the property appraised by a certified appraiser. The outcome of that appraisal helps determine how much you can borrow, as the bank calculates based on the appraised value. In the Valencia region, we arrange the appraisal and coordination with the bank for you to ensure the process runs smoothly.


Moreover, you can largely arrange many of these matters remotely. With good guidance and a power of attorney, you do not need to be in Valencia yourself for every step, which saves a lot of travel and hassle.


Investing and renting out in Valencia

More and more buyers view a property in Valencia as an investment. The combination of a growing city, strong tourism, and an active rental market makes renting out attractive. A well-financed purchase can thus contribute to a handsome return.


Whether and what type of rental is permitted varies by municipality and property, and also affects your financing. It is important to investigate this thoroughly in advance. Read more about the possibilities for investing in real estate in Spain and about renting out a house in Spain.


We are happy to help you consider the financing that suits an investment property, ensuring the figures add up before you buy. Especially for entrepreneurs and investors, a well-thought-out financing structure is the difference between a good and a mediocre investment.


A mortgage advisor in Valencia

Arranging a mortgage in Valencia is easiest with someone who knows both the Spanish market and your Dutch or Belgian situation. Spaanse Hypotheek specializes in financing for foreign buyers and knows the local banks, appraisers, and customs in the Valencia region.


We guide you from the initial meeting to the signing, compare banks for you, and ensure you know exactly where you stand beforehand. Would you like to know what is possible for you in Valencia? Feel free to contact us for a no-obligation consultation, and we will calculate your options together.


Frequently Asked Questions

As a Dutch or Belgian national, can I get a mortgage for a home in Valencia?

Yes. You then take out a mortgage with a Spanish bank. As a non-resident, you typically finance 60 to 70 percent of the value; you contribute the remainder yourself, along with the closing costs.

How much of my own money do I need?

Expect a down payment of approximately 30 to 40 percent plus 10 to 14 percent closing costs. With our mortgage calculation, you can quickly see what that means in your situation.

Do I need a NIE number for a home in Valencia?

Yes, a NIE number is required to buy, open a bank account, and take out a mortgage. Apply for it in time, because you will need it early in the process.

Can I arrange the financing remotely?

Mostly, yes. With good guidance and possibly a power of attorney, you do not need to be in Valencia yourself for every step.

Can I buy a property in Valencia to rent out?

That is possible, but the rules for renting vary by municipality and property and affect your financing. We would be happy to work with you to find a suitable setup.