Top tips when buying property in Spain

Rich in history, culture, coast and sunshine, Spain not only enjoys an excellent infrastructure that includes healthcare and transport links but what’s more, it offers a favourable lifestyle and cost of living.

The fourth largest country in Europe, Spain is a gateway to the Mediterranean and North Africa, and one of the top tourist destinations in the world. 

Accessible all year round, British expats and non-residents are one of the largest groups of foreigners buying property in Spain – with Valencia, The Balearics, Canary Islands, Andalusia and Murcia being the most popular locations.

Property prices have been steadily increasing year on year since 2015, with the Spanish government warmly welcoming foreign buyers and supporting them by offering the Golden Visa scheme. This scheme allows residency for investment (subject to fees, terms & conditions), while for the financially independent, they offer a Non-Lucrative Residence Visa to those outside the EU.

Post-Brexit, Brits have started to spend more on second homes rather than buying to relocate according to our international partners, telling us that ‘you are considered a tax resident if you stay longer than 183 days in the country.’ Non-residents will be liable for tax on any income generated in Spain – so those who own a home purely for private use are accountable for annual imputed income tax, based on cadastral value, with a tax rate of 19% for EU & EEA citizens and 24% for others, including UK.

The rental demand has been rising too, especially post-Covid, helped by the shift towards remote working and the introduction of a Digital Nomad Visa scheme which was approved in November 2022.

Take a tour of some of our beautiful Spanish properties

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Mallorca, Spain

A rare find! This quintessentially Mallorcan country estate is full of charm with its traditional stone façade. This beautiful property (with two guest houses) stands elevated on a hill at the foot of the Sierra de Tramuntana mountain range, whilst also only minutes’ drive to the beach of Puerto de Pollença.

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Malaga, Spain

A ‘wow’ upon arrival, this meticulous three storey home is located in one of the best areas within La Zagaleta, one of the most exclusive private gated urbanisations in Europe. It is situated in 800 ha of natural forests and hills, with two 18 hole golf courses, clubhouse with bar and restaurant, tennis courts and horse-riding.

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Mallorca, Spain

Located on the coastline in Llenaire in Puerto Pollensa, this three bedroom apartment has been recently refurbished to create an open plan living space and dining area. It has a 20m2 terrace that takes in the beautiful frontline sea views as its backdrop, and can be bought fully furnished.