Are foreigners allowed to own property in Spain?
When we asked expats in Spain if foreigners are allowed to own property, they answered...
"The Prime Minister, Pedro Sánchez, announced in April 2024 that the Golden Visa residency by investment program which allowed non-EU citizens the right to reside and work in Spain by investing at least €500,000 in real estate will be scraped. Foreigners are still allowed to own property in Spain, however, but will no longer be able to use property as a pathway to residency. ," said another expat in Spain.
"Yes, foreigners are allowed to own property in Spain. Non-residents of Spain are able to purchase property in the same way as Spanish citizens, and the process is relatively straightforward. Foreigners are required to obtain a tax identification number from the Spanish tax office, and must also open a Spanish bank account in order to complete the purchase. In addition, foreign buyers must also obtain a NIE (Foreigner Identification Number) in order to complete the purchase," wrote a member who made the move to Spain.
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Other Questions:
- What should I pack when moving to Spain?
- Where should I setup a bank account in Spain?
- Will I be able to find a job in Spain?
- What is life like in Spain?
- What do expats in Spain appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Spain?
- Is there a lot of diversity? Are people in Spain accepting of differences?
- What are the schools in Spain like?
- What are healthcare services like in Spain?
- What are medical services in Spain like?
- Are healthcare and health insurance expensive in Spain?
- What are emergency services like in Spain?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Spain?
- How are local medical facilities in Spain?
- As a foreigner living in Spain, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Are foreigners allowed to own property in Spain?
If you live in Spain, newcomers to Spain would love to hear your answer to this question:
About the Author
Joshua Wood, LPC is one of the Founders of InternationalTravel.ai and serves as Co-President of Expat Exchange. Prior to Expat Exchange and InternationalTravel.ai, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist. Connect with Joshua on LinkedIn.