Property in Spain
Spain has been Europe's favourite destination for buying a home abroad for decades — and for good reason: hundreds of kilometres of coastline, excellent infrastructure, and a deep resale and new-build market. Foreigners buy property in Spain without restrictions; the only prerequisite is an NIE, the foreigner identification number.
The classic destinations are Costa Blanca around Alicante, Costa del Sol with Marbella and Málaga, the Balearic and Canary Islands, plus Barcelona and Valencia for city living. New-build residential complexes with pools and sea views compete with characterful resale apartments in established neighbourhoods.
Transactions complete before a notary, with taxes differing by property type: resale purchases pay a regional transfer tax, while new builds carry VAT plus stamp duty. Spain's long-term rental market and strong tourist seasons underpin demand in coastal regions.
Frequently asked questions
Can foreigners buy property in Spain?+
Yes — there are no restrictions on foreign buyers. You will need an NIE (foreigner identification number), a Spanish bank account for payments, and a notary to complete the purchase deed. Many buyers grant power of attorney to complete remotely.
What taxes do I pay when buying property in Spain?+
For resale property you pay the regional transfer tax (ITP), which varies by autonomous community; new builds carry 10% VAT plus stamp duty. Annual costs include the local IBI property tax and community fees for shared complexes.
Does buying property in Spain give me residency?+
Spain's investor 'golden visa' tied to real estate ended in April 2025, so a purchase alone no longer grants residency. Buyers seeking to relocate typically use the non-lucrative visa or digital nomad visa, for which owning a home in Spain is a practical advantage.
Where is the best place to buy property in Spain?+
Costa Blanca offers the best value beachfront apartments; Costa del Sol leads the premium villa market; Valencia and Alicante combine city amenities with the sea; the Balearics and Canaries suit year-round living and holiday lets, subject to local licensing.
Is it a good time to buy property in Spain as a foreigner?+
Spain remains one of Europe's most liquid property markets, with sustained international demand in coastal regions. A resale-and-new-build mix, transparent registration and a mature mortgage market for non-residents keep it a first-choice destination.