Spain combines Europe's strongest lifestyle appeal with solid rental yields (~6.2% gross) — Madrid, Barcelona, Valencia and the costas all attract heavy international demand. Foreigners buy freely once they obtain an NIE (foreigner identification number).
Be ready for the highest buying costs in our database: notary, registration and ITP transfer tax can total 10–15% on top of the price. Budget them before you fall in love with a property.
Market overview
Spanish banks (BBVA, Santander, CaixaBank) lend to non-residents at typically 60–70% LTV versus 80% for residents. Variable mortgages track Euribor; fixed rates around 3.75–3.95% are common in 2026. Rental demand in tourist zones is strong but short-let licences are increasingly regulated city by city.
Popular locations:
Mortgage rates in Spain (June 2026)
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True cost of buying & owning
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