+$250.000
+$250.000
6%-10%
10%
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International Property Investment Expert
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Yes, there are no restrictions on foreign nationals buying property in Spain. Whether you are an EU or non-EU citizen, the process is the same for all buyers, and the Spanish property market welcomes international investment.
No, you don’t need a visa or residency to buy property in Spain. However, non-EU citizens can benefit from the Golden Visa program by purchasing real estate worth at least €500,000, which grants residency for you and your family.
Property purchase taxes vary depending on whether the property is new or resale. For resale properties, you’ll pay a transfer tax (ITP) of 6% to 10% of the purchase price, depending on the region. For new properties, VAT (IVA) is 10%, plus a stamp duty of 1.5%.
Yes, foreigners can get a mortgage from Spanish banks, but typically with a maximum loan-to-value of 60-70% for non-residents. Spanish banks require financial documentation and a local NIE number (foreigner’s identification number) to apply for a mortgage.
An NIE (Número de Identificación de Extranjero) is essential for buying property in Spain. It’s used for tax purposes and required to open a Spanish bank account, sign contracts, and conduct financial transactions.
In addition to the property price, expect to pay 8% to 12% in taxes and fees, including notary fees, land registry fees, and legal costs. Spain’s relatively low property tax rates compared to other European countries make ownership more affordable over time.
Yes, Spain is a leading tourist destination, and short-term vacation rentals can provide attractive rental yields, especially in coastal regions and major cities like Madrid and Barcelona, where demand for tourist accommodations is high.
Popular regions include Costa del Sol and Alicante for their sunny climates and expat communities, Madrid and Barcelona for vibrant city life, and Valencia for its mix of culture, affordability, and Mediterranean coast.
The property buying process in Spain typically takes 2-3 months, but it can vary depending on factors like securing financing or completing legal checks. Spain’s well-structured property market helps ensure a relatively straightforward process.
No, buying property does not directly lead to citizenship. However, through the Golden Visa program, you can obtain residency by purchasing a property for at least €500.000 until the end of 2024, which after several years of living in Spain, may open a pathway to citizenship.