Real Estate in Granada

Prices vary by area: Granada city apartments commonly range $1,600–$2,400/m² (€1,500–€2,200/m²). Costa Tropical/coastal homes often $1,900–$3,200/m² (€1,800–€3,000/m²). Rural and mountain properties can be under $1,300/m² (€700–€1,200/m²). Typical apartment transactions: ~$80k–$250k; villas/coastal houses: ~$150k–$700k depending on condition and location.

Yes. Non‑residents may buy freely. You’ll need an NIE number (tax ID), Spanish bank account, passport, proof of funds and a local lawyer or gestor recommended. EU and non‑EU buyers have the same ownership rights. Mortgages are available but require documentation like income statements and proof of source of funds.

Granada has steady rental demand from students, tourism (Alhambra) and coastal holidays. Long‑term yields typically net 3–5%; short‑term holiday yields can gross 5–8%+ in prime coastal or historic areas. Liquidity is best in Granada city center and Costa Tropical; rural properties sell slower. Research micro‑location and occupancy seasonality before buying.

Expect purchase taxes ~6–10% of price (ITP on resale), or VAT 10% + stamp duty 0.5–1.5% on new builds. Notary/registry and admin ~1–2%; legal/conveyancing fees 1–2%. Rental income taxed (non‑resident rates ~19–24%); capital gains and local property tax (IBI) apply. Pitfalls: missing licenses, unregistered work, unclear community debts; always get due diligence.

For resale: negotiate, sign private contract, then 6–12 weeks to completion is common, shorter if cash. New builds or mortgages can extend to 3–6 months. Timelines lengthen for inheritance properties, licensing issues, or complex title searches. Budget buffer time for bank paperwork, NIE, and translations where needed.

Granada offers public and private schools, university facilities, public hospitals and clinics. City life combines historic centre and modern services; Costa Tropical adds beach lifestyle. Public buses, regional trains and road links to Málaga and Almería provide connectivity. Cost of living is moderate vs major Spanish cities, making family relocation practical.

Yes, especially Granada city and coastal towns. Urban areas have widespread fiber connections with typical speeds up to several hundred Mbps; rural spots vary. Good cafés, coworking spaces and affordable living make long stays feasible. Non‑EU remote workers should check visa options for stays longer than tourist limits and local tax implications.

Yes—an investment of €500,000 (around $540,000) in real estate can qualify for Spain’s Golden Visa, which grants residency for investor and family, with renewals and a path to longer‑term residence. Other options include non‑lucrative or work/residence visas; each has income and documentation requirements. Verify exact criteria before purchasing.

Lenders offer mortgages to non‑residents but LTVs are lower: typically 60–70% for non‑EU buyers, 70–80% for residents. Expect stricter income verification, proof of tax residence, and larger down payments. Interest rates and terms vary; factor in arrangement fees and possible currency risk if income is not in euros.

Short‑term rentals are regulated; many municipalities require a tourist license and registration with regional authorities. Granada city and some coastal towns have specific limits or zoning rules. Check local town hall requirements, licensing, tourist tax collection, and community statutes before marketing a property for short lets to avoid fines or closure.