Our managing partner’s move to Barcelona turned into a realization that the Mediterranean culture’s focus on community and a balanced way of life is the best bet for the future. In this article we will explore her insights regarding the vibrant real estate market in Spain.
Whether you’re a seasoned investor, a first-time buyer, or simply curious about the trends shaping this beautiful country, you’ve come to the right place for advise. At Vázquez & Barba we take pride on accompanying you on each and every step of your investment process while maintaining impeccable professionalism standards.
From sun-soaked coastal properties to charming city apartments, Spain offers a diverse range of options that cater to various tastes and budgets. In this article, we’ll dive into the current market dynamics, highlight emerging trends, and provide insights that will help you navigate this exciting landscape. Let’s discover what makes Spain’s real estate market so appealing!
- Can a foreign person with residence abroad buy a property in Spain?
The short answer is, YES! There are no restrictions for international investors on buying property in Spain, whether is residential, commercial or land or located in urban or country-side areas.
As a matter of fact, Spain encourages investment by foreigners whether they are residents of Spain or if they live abroad.
Spain is very clear that investments, real estate, and even vacation choices, determine the social and economic well-being of each country. Spain, with its geographic location, international status, and the Mediterranean culture’s balanced way of life, is well-positioned in all three areas. That’s why we chose to live and work in this beautiful city.
Spanish people have continuously demonstrated how they as a society, and as individuals, are able to unite. Setting aside politics, though history they have managed to keep their spirits up based on mutual support focused on not leaving anyone behind as a nation. The culture here is one about caring and welcoming people and, even in the worst of times, reinforce its ties to ensure that we are all united and well.
- Financial considerations for foreign investment in Spain.
Let’s delve into the financial aspects of your investment. It’s essential to have a clear understanding of the expenses associated with property acquisition, ranging from Notary fees to taxes such as VAT (currently set at 10%) and AJD (Documented Legal Acts).
Our comprehensive breakdown included in our service proposal ensures transparency and helps you budget effectively. Additionally, we’ll guide you through the necessary Anti-Money Laundering checks, ensuring compliance with all legal requirements.
Mortgage Options
If you’re considering financing your purchase, navigating the mortgage landscape is key and we have developed all the relationships necessary with the local financial institutions to ensure that our clients are offered the best conditions.
Eliminating the need for a mortgage broker or other types of intermediaries.
Our expertise in this area allows us to provide tailored guidance, empowering you to make informed decisions aligned with your financial goals. - Real Estate Market Trends in Spain
As we step into 2025, the Spanish real estate market is showing signs of resilience and adaptability. Despite previous challenges, such as rising interest rates and economic fluctuations, demand for properties remains robust. Urban areas like Madrid and Barcelona continue to attract international buyers, driven by an undeniable appeal in lifestyle. The trend of remote work has also influenced preferences, with many seeking properties in more rural or coastal regions, where they can enjoy a better quality of life while still being connected to major urban centers thanks to Spain’s infrastructure and easily accessible airports and trains.
Sustainability continues to become a key focus in the Spanish real estate sector. Buyers are increasingly prioritizing eco-friendly features and energy-efficient homes as awareness of environmental issues grows. Developers are responding to this demand by incorporating sustainable materials, renewable energy sources, and smart home technologies into their projects. This aspect enhances property value in the eyes of environmentally conscious buyers.
Furthermore, the rental market is experienced notable changes in 2024. With tourism rebounding, short-term rental properties are gaining traction again, particularly in popular destinations like Barcelona, Mallorca, and Valencia. However, stricter regulations are being implemented in various municipalities to manage this growth responsibly so it is fundamental that you count out firm, where we can not only assist you during the purchase process but also with the management of your property to ensure that you obtain the highest return on your investment while maintaining the real estate investment secure.
Additionally, statistics confirm the liquidity of investments: residential real estate prices grow by an average of 1,3% every quarter. As an example, seven years ago, an apartment of 100 m2 was priced at €203,000, and today it is easily sold for €300,000. According to Trading Economics global macro models and analysts’ expectations, in the long-term, the Spain house prices are projected to trend around 1911.00 €/m2 in 2024 and 1949.00 €/m2 in the first quarter of 2025.
Overall, the Spanish real estate market is evolving and continuing to present exciting opportunities for international investors.
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Adriana María Barba is an attorney and managing partner at Vázquez & Barba International Legal Consultants, where we help people realize their dream of living in Spain.
