Buying property in Spain: Your complete guide to owning a home abroad

Buying property in Spain continues to attract millions of international buyers every year – not only because of the sunshine and relaxed lifestyle, but also because it remains one of Europe’s most appealing real estate markets. Whether you’re planning a vacation home, a permanent move, or an investment, Spain offers an unmatched combination of lifestyle and long-term value.

Why buying property in Spain remains a smart move

Spain’s real estate market is known for its stability, transparency, and accessibility to foreign buyers. With over 300 days of sunshine annually in many coastal areas, it’s no surprise that thousands of Europeans choose to buy homes here each year.

Benefits include:

• Affordable prices compared to Western Europe

• High rental potential in tourist hotspots

• Residency opportunities via the Golden Visa program

• Excellent healthcare and infrastructure

If you’re dreaming of Mediterranean living, explore how easy it can be to browse homes for sale in Spain and find your perfect match.

How to buy a house in Spain as a foreigner

Buying property in Spain as a foreigner is straightforward – the process is transparent, provided you follow the correct legal steps.

Legal requirements for foreign buyers

All non-residents need a NIE number (Número de Identificación de Extranjero), which identifies you for tax and legal purposes. You’ll also need:

• A valid passport

• Spanish bank account

• Legal representative (recommended)

Read more about the legal requirements in Spain

Step-by-step buying process

1. Reservation agreement – a small deposit reserves the property.
2. Private purchase contract (Contrato de Arras) – outlines the sale conditions.
3. Due diligence – your lawyer checks property records, debts, and ownership.
4. Final signing before notary – both parties sign, you pay the balance, and receive your deed (Escritura Pública).
5. Land registration – ownership is officially recorded.

Ready to take the next step? Talk to a local agent who understands both the Spanish and international processes.

Understanding Spanish property taxes and costs

Spain’s property taxes vary slightly by region, but here’s what to expect:

Financing your purchase with Spanish mortgages

Non-residents can obtain a Spanish mortgage covering up to 60-70% of the property’s value. Local and international banks offer fixed and variable rates depending on the borrower’s profile.

How to qualify for a mortgage as a non-resident

Banks typically request:

• Proof of income (last 3–6 months)
• Tax declarations
• Existing debt summary
• Passport and NIE number

Current mortgage trends

Average interest rates in 2025 are around 3.5-4.2%, with a required down payment of 30-40% for foreign buyers.
Check official data from the Bank of Spain for current averages.

Golden Visa Spain – residency through investment

Spain’s Golden Visa program allows non-EU buyers to gain residency through real estate investment.

Eligibility

To qualify, you must invest €500,000 or more in property (single or combined purchases).

Benefits include:

• Residency for you and your family

• Right to live and work in Spain

• Visa-free travel within the Schengen Area

• Potential for long-term residency after 5 years

It’s an attractive path for global investors – start your journey today and talk to a local agent for guidance.

Best regions to buy property in Spain

Spain’s diversity means there’s a region for every lifestyle.

Costa Blanca

Known for its white-sand beaches and vibrant expat community. Towns like Alicante and Torrevieja offer great value for money.

Costa del Sol

Luxury, golf, and endless sunshine. Marbella, Fuengirola, and Málaga are hotspots for international buyers.

Balearic Islands

Mallorca and Ibiza offer high-end villas and stable long-term investment value.

Want to explore the best areas? Visit Spain’s regions for detailed guides.

FAQ – buying property in Spain

Can foreigners buy property in Spain?

Yes, there are no restrictions, non-residents can freely purchase property.

What taxes do I pay when buying a house in Spain?

Expect around 10–13% in total purchase costs (taxes + legal fees).

How much deposit do I need to buy a property in Spain?

Most banks require 30–40% down for non-residents.

Do I get residency if I buy a property in Spain?

Yes, if you invest €500,000+ through the Golden Visa program.

Is now a good time to buy property in Spain?

Yes! Spain offers strong demand, long-term growth, and stable mortgage rates.