Spain townhouse Renovation project

Townhouse for sale in Monforte de Lemos, Lugo

Monforte de Lemos, Lugo, Spain

€43,600

Townhouse for sale in Monforte de Lemos, Lugo

Key facts

Type
townhouse

Features

  • Renovation project

About this property

:• Traditional Galician house built in natural stone, river stones and slate• Built area of 94 m2 distributed over two floors• Plot of 234 m2• South-facing• Property to renovate• Possibility of extending the existing volume by up to 50%, offering interesting possibilities for the renovation project• Quiet location, next to the River Cabe and very close to the centre of Monforte de Lemos• The area has connections to water, electricity, sewage and fibre optic, with the possibility of connecting the property to these services during the renovationAn ideal property for those looking to restore the charm of an authentic Galician house and adapt it to their needs, whether as a permanent residence, second home or investment project.Monforte de Lemos is one of the main centres of the Ribeira Sacra, an area of extraordinary natural beauty known for its landscapes of vineyards, rivers, canyons and historic monasteries. The town offers all the services necessary for daily life, while its surroundings invite you to enjoy nature, hiking, gastronomy and the wines of the Ribeira Sacra designation of origin. The climate of this inland area of Galicia combines cool winters with generally pleasant summers, offering a green environment and changing landscapes throughout the year.Places and cities of interest:• Historic centre of Monforte de Lemos – just a few minutes away• Monumental complex of San Vicente do Pino – just a few minutes away• Ribeira Sacra and the Sil Canyons – approx. 25-35 min• Ourense – approx. 45-50 min• Lugo – approx. 55-60 min• Santiago de Compostela – approx. 1 h 20 min• Vigo – approx. 1 h 30 minAirports:• Santiago-Rosalía de Castro Airport (SCQ) – approx. 1 h 30-1 h 45 min• Vigo Airport (VGO) – approx. 1 h 30-1 h 45 min• A Coruña Airport (LCG) – approx. 1 h 45-2 hIf you are looking for a property with soul and the potential to create something truly special in Galicia, this traditional house in Monforte d

Location

Approximate location based on the listing's town. Confirm the exact address with the agent.

How to buy this property

Typical process in Spain — 6–10 weeks from accepted offer to keys. Tell us where you're buying from:

What's different for you

  • You already have a DNI/NIE and a Spanish bank, so the process can run in under 6 weeks.
  • Some regions give reduced transfer-tax rates for main homes, under-35s or large families. Ask your gestor which ones apply.

What's different for you

  • You still need an NIE tax number, but you can live here freely. Register as a resident (certificado de registro) if you stay more than 3 months.
  • As a non-resident owner you pay annual non-resident income tax at 19% on a deemed income of 1.1–2% of the cadastral value. If you let the property, you can deduct expenses.
  • Banks lend to EU non-residents, usually at 60–70% loan-to-value.

What's different for you

  • You can buy freely today. The proposed 100% tax on non-EU buyers stalled in Congress in 2026 and is not law, but watch the news before you commit.
  • The golden visa ended in April 2025, so buying doesn’t give you residency. Without a visa you are limited to 90 days in any 180.
  • Annual non-resident income tax is 24% (not 19%), and if you let the property you can’t deduct expenses.
  • Getting an NIE through a consulate can take 2–6 weeks, so apply before you make an offer.
  • Non-resident mortgages are typically 50–70% loan-to-value, and banks will want proof of income in your home country.

Next steps

  1. 1

    Get your NIE and a Spanish bank account

    1 day – 6 weeks

    Every buyer needs an NIE (foreigner tax number). You can get it in person at a police station in days, or through a consulate or a lawyer with power of attorney.

    For you: You likely already have this — skip ahead.

  2. 2

    Reservation deposit

    1–3 days

    A deposit of €3,000–€10,000 takes the property off the market while your lawyer checks it. Make sure the agreement says it’s refundable if the checks fail.

  3. 3

    Independent legal checks

    1–3 weeks

    Your own lawyer (not the agent’s) checks the Land Registry extract (nota simple), outstanding debts (IBI tax, community fees, utilities), building licences and the planning status.

  4. 4

    Private contract (contrato de arras)

    2–4 weeks after the offer

    You sign and pay about 10%. If you pull out you lose it; if the seller pulls out they pay you double.

  5. 5

    Escritura at the notary and keys

    4–8 weeks after the arras

    You sign the deed before a notary and pay the balance (as a bank draft or traceable transfer), then get the keys. Your lawyer pays the transfer tax within 30 days and registers you as the owner.

    For you: You can sign by power of attorney at a Spanish consulate or a notary at home (with an apostille).

    For you: You can sign by power of attorney at a Spanish consulate or a notary at home (with an apostille).

Buying costs on €43,600

Transfer tax (ITP, resale homes)

6–10% depending on region

New builds pay 10% VAT plus 0.5–1.5% stamp duty instead. The tax is charged on the price or the cadastral reference value, whichever is higher.

 €2,616–€4,360

Notary, Land Registry and gestor

≈ €1,300–€2,700

Notary and registry fees are on fixed official scales, and the gestor handles the tax filings.

 €1,300–€2,700

Independent lawyer

~1% + VAT (min. ~€1,500)

Essential for foreign buyers: the notary is neutral and doesn’t act for you.

 €436–€523

Estate agent fee

Normally paid by the seller

Check the reservation contract to confirm.

 —
Estimated total on top of the price €4,352–€7,583

Pitfalls to watch

  • Illegal builds on rustic land (especially inland Andalucía and Murcia): no licence can mean no utilities, no mortgage, or in the worst case a demolition order. Check the AFO/DAFO certificate.
  • Debts stay with the property: unpaid IBI tax and community fees pass to you. Get up-to-date certificates before completion.
  • If the seller isn’t resident in Spain, you must keep back 3% of the price and pay it to the tax office (form 211). Otherwise you are liable for their tax.
  • Holiday lets: since 2025, new tourist licences in apartment blocks need 3/5 of the owners to approve, and lets must be on the national registry. Many towns have frozen new licences.
  • Don’t under-declare the price or pay part in cash: it’s illegal, and the tax is charged on the cadastral reference value anyway.
  • Use your own lawyer, not the one the agent recommends — conflicts of interest are common on the costas.

General guidance, last reviewed October 2026 — not legal or tax advice. Rules change and every purchase is different, so confirm with an independent local lawyer or notary before you sign anything.

Buying property in Spain

Read our complete guide — fees, visas, taxes, and everything overseas buyers should know before making an offer in Spain.

Read the Spain buying guide