Are foreigners allowed to own property in Spain?
When we asked expats in Spain if foreigners are allowed to own property, they answered...
"Yes, foreigners are allowed to own property in Spain. Non-residents of Spain are able to purchase property in the same way as Spanish citizens, and the process is relatively straightforward. Foreigners are required to obtain a tax identification number from the Spanish tax office, and must also open a Spanish bank account in order to complete the purchase. In addition, foreign buyers must also obtain a NIE (Foreigner Identification Number) in order to complete the purchase," said a member in Spain.
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"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," remarked another expat who made the move to Spain.
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Other Questions:
- What should I pack when moving to Spain?
- Where should I setup a bank account in Spain?
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- What is life like in Spain?
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- Is there a lot of crime in Spain?
- Is there a lot of diversity? Are people in Spain accepting of differences?
- What are the schools in Spain like?
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- What are medical services in Spain like?
- Are healthcare and health insurance expensive in Spain?
- What are emergency services like in Spain?
- Will I need to travel to see a specialist?
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- As a foreigner living in Spain, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
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 is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad 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.
