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Spain | Are foreigners allowed to own property in Spain? | Expat Exchange
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Benidorm, Spain

Are foreigners allowed to own property in Spain?

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Balcells Group Lawyers
Balcells Group Lawyers
Balcells Group Lawyers
Balcells Group Lawyers

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. ," wrote Bianca Scott from Expat Estate.

Bianca Scott is the founder of Expat Estate, a bespoke buyer advisory service that helps foreign nationals purchase property in Spain.

Click connect to have our partner, Bianca, contact you via e-mail and/or phone.

Bianca Scott is the founder of Expat Estate, a bespoke buyer advisory service that helps foreign nationals purchase property in Spain.

Click connect to have our partner, Bianca, contact you via e-mail and/or phone.

"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," remarked another expat in Spain.

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About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, 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.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

Benidorm, Spain

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