real estate payment in USD

Question

real estate payment in USD

Anna asks:

Hello. Plan to buy a townhouse in Spain, but my money is kept on Bank account in USD.
Question: is it possible to open a Spanish Bank account in USD and pay the property in USD at the exchange rate, but without additional conversion?
Thank you.

19.09.2013

SPAIN. Consultation

The purchase procedure

Expert answers (3)

Vicens Toni (Gran Viobra) · Answer 1 · 2013-09-19T15:32

Dear Madame,

I would like to thank you for your interest in our company and we would like to know that all of our properties can be paid either in Euro or in USD.
I look forward to hearing from you.

Best regards,
Vicens Toni
Gran viobra

Natalia Zavalishina (Distant Property) · Answer 2 · 2013-09-17T14:01

Good afternoon.
No, in Spain, calculations are made in euros. Conversion will be in any case if you pay in a currency other than the currency of the country where the purchase is made.

Olga Ilyushkina (Costa Real ) · Answer 3 · 2013-09-17T13:54

Good afternoon, dear Anna,

In the Spanish bank, you can open an account in all world convertible currencies, including in dollars.
But all the same calculations are conducted in the currency of the country, that is, the euro.
In your case, you will have two accounts: one in euros and the other in $. You will store dollars on a dollar account, and At the moment when you think it is necessary, the bank will conduct for you a conversion from dollars to euros at the rate at that time.
As a rule, the bank commission for conversion is about 0.3%. A few banks do not take it at all.

Yours faithfully,
Natalia Vasilyeva
Costa Real.