Is it still worth buying in Spain?

While we await a return to global stability, it's essential to recognise that the Spanish property market still holds promise for UK nationals. Whether you're considering buying a property to rent it out or seeking a seasonal retreat, Spain's enduring appeal makes it an attractive destination.

Is it wise to buy a property in Spain now?

Is buying a house as an investment in Spain a Good idea? The Spanish property market has varied a lot in recent years, but it has been in a recovery phase since its terrible 30% drop between 2008 and 2014. Buying Spanish property is an excellent investment right now.

Are Brits still buying property in Spain?

Buying property in Spain is still a great option for UK citizens, notwithstanding that the UK has exited the EU. The Spanish property market remains attractive in 2025, with stable prices in many regions and excellent opportunities for investment in coastal or holiday-home areas like Costa Blanca and Costa del Sol.

What are the pitfalls of buying in Spain?

Is it a good idea to invest in Spain?

"Spain is a great outlier now in terms of growth. It's also a great place to invest," he added. The success of Spain's economy relies on high consumption and investment, as well as tourism, Next Generation European funds, and immigration. "It's not just tourism, it's also non-tourism services.

Is Moving to Spain in 2025 Still a Good Idea?

What's the downside of living in Spain?

Language barrier: Living in Spain can be difficult for people who do not speak Spanish fluently. English is not commonly spoken, particularly in rural areas, making simple things like grocery shopping or doctor visits more challenging than if you had a basic grasp of Spanish.

Is buying a holiday home in Spain a good investment?

High rental income potential

The rental market in Spain is expected to grow, particularly in popular tourist destinations. Renting out your vacation home when you're not using it can generate significant income, helping to offset costs and potentially offering a lucrative return on your investment.

Where is the best place in Spain to buy property?

What is the downside of retiring in Spain?

High taxes.

Tax residents in Spain pay taxes on both global and local income on a progressive scale of 19 to 47%. The maximum rate is higher than in the USA, Canada, or Malta. Residents pay a 19% income tax for the first €6,000 of taxable income. A 47% tax rate applies to income over €300,000.

Is there 100 tax on buying a house in Spain?

What's Spain's 100% Tax All About? The proposed 100% property tax means that non-EU buyers, including British nationals, would need to pay a tax equal to the property's purchase price. So, let's say you choose to purchase a villa costing €200,000, you will need to pay an extra €200,000 in taxes.

Why are Brits moving out of Spain?

Spain has faced financial challenges, including a prolonged recession, high unemployment rates, and stringent austerity measures. These factors have made it difficult for expats to find stable employment and maintain their standard of living.

How long can you stay in Spain if you own a property?

If you own property in Spain, you can reside in the country for up to 90 days within a 180-day period without needing a visa. This applies whether you use the property as a vacation home or occasional residence. To stay longer than 90 days, apply for a visa or residence permit.

Where do most Brits buy property in Spain?

The most popular regions for British buyers are the Costa Blanca, Costa del Sol and Murcia's Costa Cálida. These areas have established expat communities, good infrastructure, healthcare services and plenty of direct flights from the UK – making them ideal for both holiday homes and relocations.

Is it better to buy property in Spain or Portugal?

Is property cheaper in Spain or Portugal? Buying property in Portugal is cheaper than it is in Spain, and with attractive rental yields in Lisbon and the Algarve, you can understand why Portugal is such a popular choice for investors.

What to know before buying property in Spain?

Is it better to buy or rent in Spain?

Conclusion. The decision to rent or buy a property in Spain is an important one that requires careful consideration. While renting offers flexibility and lower initial costs, buying can be more financially beneficial in the long run and lead to capital appreciation.

How much money do I need in the bank to retire to Spain?

If you are a non-EU or US citizen, you need to have a residence permit, which is a Non-Lucrative retirement visa. Spain's retirement visa requires a minimum of €2,400 monthly income, €28,800 annual income. You can also add your dependents with an additional fee of €600 per person.

Which is better to retire, Spain or Portugal?

Portugal is generally better for retirement due to its lower cost of living, for foreign retirees, and streamlined residency for non-EU citizens. Spain offers excellent healthcare and urban infrastructure but has higher costs and more complex tax rules. Portugal is often preferred by American and UK retirees.

Can I retire in Spain and collect social security?

Normally, persons who are not U.S. citizens may receive U.S. Social Security benefits while outside the U.S. only if they meet certain requirements. Under the agreement, however, you may receive benefits as long as you reside in Spain regardless of your nationality.

What are the disadvantages of buying a property in Spain?

Spanish property hidden costs

Aside from the property's purchase price, there will be additional costs such as property taxes, registration fees, and notary fees. Make sure you include these expenses in the final cost of your property to reduce the risk of going over budget and putting yourself under financial strain.

Do you pay council tax in Spain?

The Spanish IBI tax (Impuesto sobre Bienes Inmuebles) is a local property tax charged by your town hall, similar to council tax in the UK, but usually less expensive. In some regions of Spain, it's also called the SUMA tax.

Where is the cheapest coastal town to buy property in Spain?

Where is the cheapest coastal property in Spain? If you're on the hunt for affordable coastal property in Spain, you'll want to focus your search on cities such as Castellón, Cádiz, Alicante, Málaga and Murcia, where bargains are still to be found.

How long can you stay in Spain if you own a holiday home?

Now, as with any other country in the European Shengen area, you are allowed to stay in Spain for up to 90 days in any 180-day period visa-free. For most people buying a property in Spain as a holiday home or those who will split their time between Spain and the UK, this is ample.

What tax do you pay when buying a home in Spain?

When buying property in Spain, you should expect to pay between 8% and 11.5% in taxes, but this can differ between new and resale properties. For a new property, you will have to pay 1.5% of the purchase price on stamp duty and VAT (IVA) which is imposed at 10% of the purchase price.

Where to buy an overseas home in 2025?

Buying overseas

Across Europe, popular destinations like Spain, Portugal and Greece are seeing steady demand from international buyers – and there's growing confidence that this year presents real opportunities. Keep reading to explore the latest trends, and how you can begin your journey from home.