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Real Estate in Spain

Status

Golden visa eligible

Processing time

3-4 months

All cities

  • Costa Del Sol
  • Barcelona
  • Costa Blanca
  • Costa Calida
  • Alicante
  • Javea
  • Madrid

€350,000 - €1,260,000

All types

  • Apartment
  • Villa
  • Townhouse
  • Hotel

1 - 4

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Hannah

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11 properties

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Need Assistance?

Hannah

Hi, I’m Hannah. Our team and I will happy to help you!

Get expert advice on finding the best options for quality, location, and investment potential.

Get in touch

FAQ's About Real Estate in Spain

Who can buy property in Spain?

Foreign investors can freely buy, rent, and sell both residential and commercial properties in Spain without any restrictions. The country’s real estate market remains open to non-EU buyers, making it a popular destination for international investors.

What are the current property prices in Spain?

Property values in Spain have experienced steady growth, increasing by an average of 40% from 2016 to April 2024. The national average price per square meter for residential property is €1,900, though prices vary significantly by region:

Balearic Islands: €3,800 per sq. m. (highest in Spain)
Madrid: €3,500 per sq. m.
Murcia: €1,220 per sq. m.
Castilla-La Mancha: €1,130 per sq. m.
Extremadura: €1,060 per sq. m. (most affordable region)

What is the process for purchasing property in Spain?

The real estate acquisition process in Spain generally takes about two months and follows these key steps:

1. Obtain a Spanish Taxpayer Identification Number (NIE).
2. Open a bank account in Spain.
3. Sign a preliminary contract and pay a 10% deposit on the property's cost.
5. Conduct legal due diligence to verify the property's status.
6. Sign the main purchase agreement in the presence of a notary.
7. Register the property and obtain the official certificate of ownership.

What taxes and fees apply to property purchases in Spain?

The tax obligations depend on whether the property is new or a resale:

New properties:
VAT: 10%
Stamp duty: 1.5%

Resale properties:
Transfer tax: 6–10%, depending on the region

Commercial properties:
Tax rate: 25%

Can property investment lead to residency in Spain?

Yes. Foreign investors can apply for a Spanish residency permit by purchasing real estate worth €500,000 or more. This applies to both new and resale properties.

Real Estate Investment in Spain for the Golden Visa

Spain offers an enticing real estate market, combining strong capital appreciation, rental income potential, and access to the Spain Golden Visa Program, which grants residency to non-EU investors. With a well-established legal framework and a steady influx of international buyers, Spain remains a top destination for those seeking both lifestyle and financial returns through property investment.

Spain Golden Visa Program: Residency Through Property Investment

Foreign investors can obtain a Spanish residency permit by purchasing real estate valued at a minimum of €500,000. This investment can be allocated across one or multiple properties, including residential, commercial, new developments, or resale properties. The property may be owned either individually or through a company in which the investor holds a majority stake.

Key benefits of the Spain Golden Visa include:

  • No requirement to reside permanently in Spain to maintain residency.
  • Inclusion of spouse, children, and dependent parents in the residency permit.
  • Ability to rent out the property, with average rental yields ranging between 4% and 7% annually.

Investors must retain ownership of the property to renew their residency permit. After five years of continuous living in Spain, investors may apply for permanent residency, and after ten years, they may be eligible for Spanish citizenship—though this may require renouncing their original nationality, depending on their country of origin.

Spanish Real Estate Market Trends

The Spanish real estate market has demonstrated consistent growth, with property values rising steadily. In the first quarter of 2024, the average price per square meter increased by 0.8%, followed by an additional 3% increase over the summer.

Currently, the average price per square meter for residential properties stands at €1,900, with significant regional variations:

  • Most Expensive Locations: The Balearic Islands, Madrid, and Barcelona command the highest property prices.
  • Most Affordable Regions: Extremadura, Murcia, and Castilla-La Mancha offer the lowest prices per square meter.

Foreign Investment in Spanish Real Estate

International buyers play a significant role in Spain’s property market, accounting for approximately 20% of all real estate transactions. In the first half of 2024, 69,412 homes and apartments were purchased by foreign investors, marking a 1.8% increase from the previous year. The average price per square meter for foreign transactions currently stands at €2,249.

Additional Costs & Legal Considerations

Beyond the property price, investors should anticipate additional costs associated with purchasing real estate in Spain, including:

  • Property Transfer Tax (varies by region, typically between 6% and 10%).
  • Notary Fees (approximately 0.5%–1% of the property price).
  • Land Registry Fees (ranging from 0.1% to 0.5%).
  • Legal Fees (usually 1%–2% of the transaction value).

Investing in Spain with Vancis Capital

Spain remains one of Europe’s most attractive destinations for real estate investment, offering a blend of capital appreciation, rental income potential, and the added advantage of residency through the Golden Visa Program.

At Vancis Capital, we assist high-net-worth individuals in navigating Spain’s dynamic property market, identifying prime investment opportunities, and managing the residency application process. Contact us today to explore exclusive real estate options in Spain.