Investing in Valencia Property (2025/2026): Financials, Mortgages & Banking Tips for EU Buyers
If you’re an EU investor considering property investment in Valencia for 2025 or 2026, understanding the financial landscape is key. From mortgage options to banking essentials, this guide breaks down the crucial numbers, costs, and steps you need to know to make your Spanish property purchase smooth and successful.
Why Valencia?
Valencia continues to attract savvy investors with its vibrant lifestyle, strong rental yields, and relatively affordable property prices compared to Madrid or Barcelona. Whether you're buying a city apartment or a coastal villa, knowing how to finance your investment is critical.
Financing your property: Mortgage options for EU Investors
The good news? Spain welcomes EU buyers with competitive mortgage terms, even for non-residents. Below you can find an overview of the latest mortgage offers in Spain for 2025/2026:
Tip: Having the right banking contact is critical; someone who understands property investment, can guide you through Spain’s banking system, and speaks your language. We have trusted contacts at Banco Sabadell, CaixaBank, BBVA, and Santander in Valencia, get in touch, and we’ll introduce you!
What documents do banks in Spain ask for when buying a property?
When applying for a mortgage in Spain as an EU investor, Spanish banks need to assess your financial profile. The typical list of documents you’ll need:
Documentation for EU Buyers:
Passport/ID
NIE (Spanish tax identification number)
Proof of income (last 3 payslips or recent tax return for self-employed)
Employment contract or company certificate (if employed)
Bank statements (last 3–6 months)
Proof of assets (property deeds, investments, etc.)
Existing debt details (mortgages, loans, credit cards)
Credit report from your home country (optional but helpful)
Spanish property reservation contract (when available)
Copy of the property Nota Simple (once you reserve)
Translations, apostilles & what they mean
Do your documents need translation or apostille?
For EU residents, banks may request translations for certain documents, this depends on the bank and their internal compliance team. A general rule is the following:
Translations: Must be done by a certified Spanish translator ("Traductor Jurado"). Standard Google or informal translations are not accepted.
Apostille: An apostille is a special certification that legalises your document for international use under the Hague Convention. It proves the document is authentic and issued by a recognised authority in your home country.
For EU citizens, apostilles are rarely required, but some banks may request them (especially if documents come from outside the EU). It’s always best to check in advance with your bank or lawyer.
The process of obtaining mortgage in Spain: step-by-step
In general the process for EU investors buying property in Spain works in the following way:
*Total time (on average): 4–8 weeks from initial application to signing the mortgage deed at the notary.
Why your bank’s services matter: beyond the loan
When buying property in Spain your Spanish bank plays a crucial role in the legal and financial process:
Emitting Bank Drafts (Cheques Bancarios):
Required for property transactions—this is the secure, traceable payment the notary expects at completion. Without this, you can’t complete the sale.
Making OMF (Orden de Movimientos de Fondos) transfers:
These official fund transfer requests prove your source of funds complies with anti-money laundering laws. Spanish notaries need to see this when you buy property
Cancelling Mortgages:
If you're buying a property with an existing mortgage, or selling one, your Spanish bank will handle the formal cancellation process—this is a legal requirement and ensures your property is clear of charges.
Can you use Wise, Revolut or N26 for property payments?
Short answer: No, not reliably. While Wise, Revolut, Monzo, or N26 are great for daily expenses, they’re not suitable for property purchases in Spain mainly because:
Bank drafts: They don’t issue them
OMF transfers: Not supported
Mortgage cancellations: Not possible
Some buyers have technically used them, but this is risky and can lead to delays, or even worse, notary refusals because the source of funds isn’t verified. Spanish notaries must comply with strict "Know Your Client" (KYC) rules, and funds from a Spanish bank are much safer in this respect.
Our Valencia banking recommendations
If you’re serious about buying property in Valencia, don’t leave your banking to chance. Work with banks that know the process and have the right people in the right branches. We’ve built a network of trusted contacts at:
Banco Sabadell
Banco Santander
CaixaBank (HolaBank)
BBVA
With our help, you’ll get an orientation meeting—a fast-track process where we:
Open your Spanish bank account
Arrange your Power of Attorney
Set up currency services
And more…
This saves time, avoids mistakes, and gets you property-ready fast.
Final Thoughts: Get Your Financials Right
Valencia’s property market is full of opportunities, but the financing and banking side is where many buyers get stuck. By working with the right professionals and banks, you’ll avoid the common pitfalls and ensure a smooth, secure property purchase in Spain.
Want help getting started?
Contact us today to arrange your orientation meeting in Valencia’s most trusted banks to evaluate your situation and investment opportunities.
Ready to take the next step?