Spain
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. ," 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. You will need to obtain a NIE, which is the identification number of a foreigner in Spain. You can obtain a non-resident NIE to buy property, if you do not plan to reside in the country. You can also invest half a million euros in real estate in Spain, and obtain residency through the golden visa," explained one expat who made the move to Spain.
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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 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.
