Real Estate in Spain

You can buy property in Spain starting from €120,000 — this includes studios and small apartments on the Costa Blanca. The average price per square meter is €1,800–3,500, while in major cities like Barcelona and Madrid it starts from €4,000 and above.

Yes, foreigners can freely buy real estate in Spain without restrictions. To complete the purchase, you only need a Spanish tax identification number (NIE) and a local bank account. Property purchases are open to citizens of all countries.

The buying process includes reserving a property, signing a preliminary contract, legal verification, and registering the transaction with a notary. The entire process can be completed remotely, without being physically present in Spain.

Foreign buyers most often purchase seaside properties — along the Costa Blanca, Costa del Sol, and in cities like Alicante, Valencia, Malaga, and Barcelona. These regions have a mild climate, developed infrastructure, and strong rental demand year-round.

Yes, Spanish banks offer mortgages to foreigners for up to 25 years, with interest rates starting from 3.5–5% per year and a down payment of 30–40%. Many developers also offer interest-free installment plans, especially for new-build projects.

Yes, rental property in Spain generates a stable income. The average rental yield is 5–7% annually, while short-term vacation rentals in coastal areas can reach up to 10%. This makes Spanish real estate an attractive investment option for international buyers.

The Spanish Golden Visa is a residency permit granted to investors who purchase property worth at least €500,000. It allows the holder to live in Spain, travel freely within the Schengen Zone, and include family members in the same application.

To qualify for Spanish citizenship, you must reside in the country under a valid residence permit for at least 10 years (or 2–5 years for citizens of certain countries), demonstrate financial stability, and pass a Spanish language test.