Property Investment in Spain as a Foreigner

The sale of real estate to foreign investors is not limited in Spain: one can buy and sell housing and commercial real estate or rent it out.

Statistics confirm the liquidity of investments: residential real estate prices grow by an average of 1.3% every quarter. Seven years ago, an apartment of 100 m2 cost €203,000, and today it is sold for €300,000.

€1,900

Average price per 1 m²

1.3%

Average price growth per quarter

6—12%

Associated costs, of the property value

How the residential property price index is growing in Spain

Cost of a 3-bedroom apartment in Spain

€2 million

Apartment in the centre of Madrid or Barcelona

€500,000

Apartment with a sea view, 500 metres from the beach

€200,000

Apartment in 2 kilometres 
from the sea

Real estate in Spain

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Spain, Mallorca

€750,000 — €860,000

Comfortable apartments, San Telmo, Mallorca
square icon91 m² — 96 m²
bed icon3
bathroom icon2
https://wonderful-dogs-8ceb8899a2.media.strapiapp.com/7_1f4a858fb4.png
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Spain

€520,000 — €585,000

Modern business class apartments with 1-2 bedrooms, Marbella
square icon120 m² — 130 m²
bed icon3
bathroom icon2
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Spain, Marbella

€1,456,000 — €3,814,000

Luxury apartments on the coast of Spain
square icon173 m² — 387 m²
bed icon2—4
bathroom icon2—4
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Spain residency or citizenship by real estate investment

Spain has not been issuing Golden Visas for property purchase since April 2025.

The Digital Nomad Visa is available to freelancers, employees, and self-employed individuals with an income of at least €2,762 per month. A mandatory requirement for applicants is to purchase or rent residential property, with no cost restrictions.

Permanent residency becomes available after 5 years of living in Spain and 5 more years grant the right to apply for citizenship by naturalisation.

Advantages of a real estate investment in Spain

Spain is one of the most attractive countries for property investments in Europe. Its location, safety, rich history and developed infrastructure create a favourable investment environment for expats and immigrants in the real estate market.

Easy access to the country . Spain, with the most accessible entry to Europe, has many routes from other parts of the world, such as the USA. In addition, Spain has connections with countries such as France and Portugal and is a gateway to Africa.

Investment return . The return on investment in real estate in Spain is achievable. There are options here with positive returns, thanks to strong rental demand, the role of tourism and an expanding real estate market.

Growth in immigration and tourism . More and more people decide to move to Spain to improve their quality of life. It is a great benefit as the demand for apartments for rent tends to rise.

Plan B and moving to Spain . A residence permit allows you to travel to Spain anytime, even if the borders are closed for foreigners without residency.

Expanding real estate market.  The availability of real estate transactions is growing. There is a wide range of investment options — greater availability of buildings and apartments for sale or more companies building different real estate types.

Discover real estate market trends in 41 European countries

Discover real estate market trends in 41 European countries

  • Master the residency process

  • Get expert tips and documents

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Download practical guide
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Taxes and associated costs

Countries to buy a property and get residency or citizenship

We offer proven properties that comply with the conditions of government programs for investors. You can buy real estate and obtain a residence permit or citizenship.

Country
Property investments
Status
Obtaining time
mt-flagmt-flag
Malta28 properties

€375,000+

Permanent residency

6+ months

Show 28 properties

€375,000+Permanent residency6+ months
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gd-flaggd-flag
Grenada17 properties

$270,000+

Citizenship

8+ months

Show 17 properties

$270,000+Citizenship8+ months
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ae-flagae-flag
UAE129 properties

AED 750,000+

Residence permit

2+ months

Show 129 properties

AED 750,000+Residence permit2+ months
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es-flages-flag
Spain30 properties

Not limited

Residence permit

4+ months

Show 30 properties

Not limitedResidence permit4+ months
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pt-flagpt-flag
Portugal41 property

Not limited

Residency after D Visas

6+ months

Show 41 property

Not limitedResidency after D Visas6+ months
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Igor Buglo

Material prepared by Igor Buglo, Head of the Maltese office, MBA

Updated:

​Frequently asked questions

  • Can foreigners buy property in Spain?

    Yes. Foreigners in Spain can freely buy, sell, and rent out residential and commercial real estate.

  • Are property prices still falling in Spain?

    No. Property prices in Spain have been growing by 1.3% every quarter on average. Seven years ago, an apartment of 100 m² was worth an average of €203,000, and today it can be sold for €300,000.

  • Can I get residency in Spain if I buy a house?

    Investing in real estate is an opportunity to get additional income in Spain. Investors can make money on reselling the property on average, prices for Spanish real estate are growing by 5% per year. If an investor had bought an apartment worth €200,000 in 2017, they could now sell it for €300,000.

  • What is the average price of a house in Spain?

    The cost of Spanish real estate increases by an average of 1.3% quarterly. The dynamics are confirmed by Eurostat statistics: since 2015, housing prices have increased by 32%.

    The average cost of housing in Spain is €3,300 per 1 m². An apartment by the sea will cost around €500,000. For apartments in the centre of Madrid or Barcelona, you will have to pay about 2 million euros.

  • Do I have to pay tax on my Spanish property?

    Yes. Buyers of new buildings pay a VAT plus a stamp duty: 7—12% of the purchase price. For resale real estate, buyers pay a 6—10% transfer tax. 

    The annual property tax in Spain ranges 0.4 to 1.1% of the cadastral value. The rate depends on the region where the property is located.

    Foreign owners who rent their property in Spain pay a 24% income tax. Foreigners may be charged a tax on imputed income, even if the property is not rented. The imputed income tax rate ranges 1 to 2% of the cadastral value of the object. The tax is levied on non-resident owners who live in Spain less than 183 days a year.

  • Is Spain a good place to invest in real estate?

    In general, Spain can offer attractive opportunities for real estate investment, particularly in popular tourist destinations and major cities. However, thorough research and due diligence are essential to assess the suitability of the investment based on your objectives and risk tolerance.

  • How much does a 1 bedroom apartment cost in Spain?

    The cost of a 1-bedroom apartment in Spain can vary significantly depending on the location, city, neighbourhood, size, condition, and other factors. Generally, prices can range from around €50,000 to well over €300,000 or more.

    In major cities like Madrid, Barcelona, and Valencia, as well as popular coastal areas such as the Costa del Sol and the Balearic Islands, prices tend to be higher due to demand and the attractiveness of these locations for both residents and tourists.