Where is the best place in Spain to buy property?

Which part of Spain is the cheapest to buy property?

Some popular regions for budget-friendly property include Andalusia, Murcia, and Castile-La Mancha, amongst others. In these areas, you can find houses and apartments for sale at prices that are significantly lower than in more expensive areas such as Madrid, Barcelona or the Balearic Islands.

Is Spain a good place to invest in property?

Spain offers a favorable climate, a vibrant culture and a growing economy, making it an attractive destination for tourists and permanent residents alike. This can lead to constant demand for rental properties and vacation rentals, providing potentially profitable investment opportunities.

What part of Spain is the best to live in?

The top ten best cities to live in Spain include Madrid, Barcelona, Ospitalet de Llobregat, Alcalá de Henares, Valencia, Alicante, Elche, Seville, Gandia and Bilbao. In these areas people live quite comfortably, yet they are not as expensive as in the large urban centers of other Western European countries.

Can I buy a house in Spain and live there permanently?

Can I get residency in Spain if I buy a house? Yes, if you are a non-EU citizen, you can obtain a residence permit in Spain valid for 3 years as long as the property you purchase is valued at over €500,000. This residency is famously called golden visa, and comes with great advantages (which we will explore below).

🌞5 CHEAPEST places in SPAIN to Buy Property

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 I get citizenship if I buy a house in Spain?

Spain launched its golden visa programme in 2013. An investment of €500,000 in real estate will gain family residency. The Spanish investor visa can be renewed every two years. After five years it is possible to gain permanent residency and after ten years citizenship.

Where do most foreigners live in Spain?

Madrid, Barcelona, Valencia, Malaga, and Alicante are among Spain's most popular expat destinations, with arrivals from multiple countries, cultures, and origins. Foreign residents also range from retirees and families to digital nomads and students.

Which is the safest place to live in Spain?

Cities like San Sebastián, located in the Basque Country, are often cited for their safety, low crime rates, and high quality of life. Other cities such as Pamplona, located in the Navarre region, or smaller towns like Oviedo in Asturias, are also known for their safety and high living standards.

Which is the best place to retire in Spain?

What to know before buying property in Spain?

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.

Is now a good time to buy a property in Spain?

With demand on the rise, property prices are expected to continue climbing. 2025 is an excellent time to purchase your dream home in Spain, before prices rise further. In addition to economic factors, the increase in foreign nationality residents in Spain also influences property prices, making now a great time to buy!

Is it smart to buy property in Spain?

Good news! Spain continues to be a top destination for property investment in 2025. The property market in Spain offers diverse opportunities for every type of investor, from holiday homes and rental properties to long-term real estate investments.

Where to buy property in Spain in 2025?

Where is the best place to buy in Spain for winter sun?

Canary Islands. The Canary Islands are around 4 hours' flying time from Britain and are the warmest places with the most sunshine during the winter. Expect temperatures of 23º in January, which is ideal for being outside and engaging with all types of sport.

How long can I stay in Spain if I own a house there?

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.

Are Brits still buying property in Spain?

Yes, Brits can still buy property in Spain after Brexit. Some rules have changed, like staying in the country long-term. Keep up with changes and speak to experts about laws, finances, and currency exchange.

What is a Spanish golden visa?

The Golden Visa in Spain is also known as the Spain Investor Visa. It allows holders to invest in real estate, business and venture capital in Spain. Note: This visa is to be phased out by April 2025, but applicants may still apply until the visa is officially terminated.

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.

What taxes do you pay if you buy a house 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.

What is the problem with real estate in Spain?

Spain is among the hardest-hit nations, with rents increasing by up to 80% in the past decade. This is a crisis caused by a cocktail of scarce housing supply, inflated construction costs, the boom in short-term rentals, and foreign investor speculation.

How much money do you need to comfortably retire in Spain?

How much money do I need to retire in Spain? To qualify for Spain's non-lucrative visa, you must earn at least €28,800 (~$31,050) per year or €2,400 (~$2,588) per month. If you're bringing dependents, you'll need an additional €7,200 (~$7,763) per person annually.

Does Spain tax US social security benefits?

Frequently Asked Questions. Yes, if you're a tax resident (183+ days/year), Spain taxes US Social Security as ordinary income, subject to progressive rates of 19%–47%. However, the US-Spain tax treaty allows you to claim a foreign tax credit, which can help avoid double taxation.

What part of Spain is best for the elderly?

Madrid: the best quality of life for pensioners

The city also boasts one of the highest life expectancy rates in Spain, with residents living to an average age of nearly 84. Additionally, Madrid has one of the longest retirement spans in Europe, with an average of 22 years.