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. 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.
"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," explained one expat living in Spain.
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Other Questions:
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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 joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat 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.