Real estate investment in Spain
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. Five years ago, an apartment of 100 m² cost €203,000, and today it is sold for €253,000.
€2,533
Average price per 1 m² of housing in Spain
€500,000
Minimum investment amount to get permanent residence
6—12%
Buyers’ related expenses, of the transaction amount
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 for investment
Spain, Marbella
164 m² — 309 m²
2—4 
2—4 
Spain residence permit or citizenship by real estate investment
Spain has a state residence permit program for investors. A residence permit is obtained by purchasing real estate worth at least €500,000. A residence permit is valid for two years and renews for another five years. Investors with Spain residence permits travel across the Schengen Area without visas.
It is not necessary to live in Spain if there are no plans to obtain permanent residence or citizenship.
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 by real estate purchase 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.
Practical Guide
Discover real estate market trends in 41 European countries
Taxes and associated costs
Check if real estate in these countries suits your goals
The selections include only verified real estate projects from reliable developers. Purchasing these properties may bring you a residence permit or even citizenship.
Malta11 objects
€690,000+
Citizenship
1 or 3 years
Show 11 objects
Grenada20 objects
$150,000
Citizenship
6+ months
Show 20 objects
United Arab Emirates82 objects
AED 750,000+
Residence permit
2+ months
Show 82 objects
Spain47 objects
€500,000+
Residence permit
5+ months
Show 47 objects
Portugal82 objects
€820+
Residence permit
4+ months
Show 82 objects
Show all countries40+ guides on European countries
Learn the prices for purchasing and renting a property in each country, the market dynamics and taxes on buying and selling real estate.
A guide about investing in real estate was prepared by our expert
Igor Buglo
Head of the Maltese office, MBA