Frequently asked questions about property for sale in Spain
Is it possible to buy property in Spain without citizenship?
Yes, foreigners are allowed to buy real estate in Spain without resident status. The purchase requires only the passport of their state and the identification number of the foreigner, which can be obtained at the Spanish consulate.
Can foreigners rent out their property in Spain?
Yes, all foreigners have that right. In most regions of the country, tourists will need to obtain a special tourist license for housing. The owner also needs to pay a tax of 24% to 45% of the annual rent amount.
How much does a square meter in Spain cost on average?
The cost of sq. meters varies from 1000 to 5000 euros depending on the location of the house or apartment. In the elite areas of Madrid and Barcelona property prices in Spain can reach 10,000 euros per square.
In which Spanish cities do people buy housing most often?
Properties in Madrid, Barcelona and Valencia are in high demand. Fans of holidays prefer to buy property in Spain in Ibiza, Majorca and Tenerife.