Usually to choose and buy real estate in Spain our clients need to visit the country twice.
Initial familiarization with the city and the region. If the potential buyer has already decided on the location of the future housing, then proceed to the selection of houses or apartments.
Signing a contract with our company to reserve the selected property and paying 3-5 thousand euros as an advance payment.
Opening an account in a Spanish bank in the name of the buyer (if necessary, also in the name of the wife, etc., with the same rights for all).
There are advantages of real estate in Spain, and there are many of them. For example, having real estate in Spain and meeting certain requirements, it is possible to obtain a residence permit. I.e., moving to Spain for permanent residence will be much easier if you have your own home.
In addition, real estate in Spain has been and remains a good investment. By taking an inexpensive object for repair and renovation, you are likely to be able to sell it profitably. Real estate on the coast, near the sea and the beach is excellent for tourists almost all year round. So if you are not afraid of the disadvantages listed in the previous paragraph, feel free to rent.
One of the disadvantages of real estate in Spain is the fixed costs.
Even if you bought the house for cash without taking out a mortgage, you can not avoid the year-round costs. These include: payment of condominium fees (gastosdecomunidad), utilities (electricity, water, gas, etc.), as in Spain public utilities charge subscription fees, even when there is no real expense, annual property tax, non-resident income tax, real estate company fees (if you sign a contract with them after-sales service), minor maintenance, annual home insurance, alarm fees, etc.
Read more about the pros and cons of buying property in Spain, as well as possible pitfalls, read here.
Non-residents purchasing real estate must pay six types of taxes in Spain:
- The so-called income tax for non-EU residents. It is payable regardless of whether you receive rental income or not.
- IBI tax
- For garbage disposal.
- On luxuries. Applies selectively.
- Special tax (only affects offshore holdings).
- In detail each type of tax we discussed in this article.
Yes, it’s absolutely possible to obtain a mortgage in Spain.
According to many experts, 2025 has been one of the most favorable years in history for financing property purchases.
The new mortgage law, which came into force in June last year, significantly improved consumer protection. Combined with banks’ “price wars” and reduced lending rates, it created ideal conditions for buying property on a mortgage — conditions that may not repeat anytime soon.
Yes, property investment for rental in Spain — especially on the Costa Blanca and Costa de Valencia — remains one of the most promising opportunities.
Economic growth, tourism, and foreign investments have driven strong development in these regions, increasing employment, business activity, and demand for both short- and long-term rentals, as well as housing prices.
Average prices per square meter (2025):
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Madrid: €4,343
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Catalonia: €2,647
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Balearic Islands: €5,090
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Valencia Region: €2,321
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Murcia: €1,555
By province:
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Costa Blanca (Alicante): €2,620/m²
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Valencia Province: €1,848/m²
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La Manga del Mar Menor (Murcia): €2,153/m²
One of the most attractive cities for rental investments is Torrevieja, offering exceptional value for money.
Here, investors often buy apartments at low prices and rent them out for nearly the same rates as more expensive properties — achieving a very fast return on investment.
Buying multiple such properties can generate a steady and profitable rental income.
To buy a property in Spain you will need:
- NIE (this is a foreigner identification number and taxpayer number in Spain).
- The original passport;
Passport requirements: a Schengen visa and a passport control stamp at the Spanish border.
- 2 color photos 3*4 (as for the passport);
- The other documents for purchase of the real estate in Spain you will fill already in place of reception of NIE.
