Spain, with its picturesque landscapes, sunny beaches and rich culture, attracts millions of tourists every year. Many of them are so fascinated by the country's beauty and quality of life that they consider buying a house or apartment there. But what about if you are not an EU citizen? Is it possible for non-EU citizens to buy real estate in Spain? The answer is a resounding yes! However, there are some special features and regulations that must be observed. 1. legal framework
Non-EU citizens generally have the right to purchase real estate in Spain. There are no special restrictions or quotas just for them. This means that they can buy a house or apartment in the same way as EU citizens or Spanish nationals.
2. residence permit
A major advantage for non-EU citizens buying property in Spain is the possibility of obtaining a residence permit. This is known as the "Golden Visa". If you buy property in Spain worth at least 500,000 euros, you can apply for a residence permit for yourself and your family. This makes it possible to live, work and travel in Spain without having to constantly apply for a visa.
3. necessary documents
Before buying a property in Spain, you must apply for a Spanish tax number (NIE). This number is necessary for many transactions in Spain, including the purchase of real estate. In addition, non-EU citizens must ensure that they have all the necessary documents from their home country with them, such as a valid passport, birth certificates or marriage certificates.
4. financing
It is important to note that financing options for non-EU citizens in Spain may be limited. Many Spanish banks offer mortgages for foreigners, but the conditions may be stricter than for EU citizens. It is advisable to research financing options thoroughly before buying and consult a financial advisor if necessary.
5. taxes and fees
Various taxes and fees are incurred when buying a property in Spain. These include land transfer tax, notary fees and registration fees. It is important to find out about these costs in advance so that you are not surprised by unexpected expenses.
Conclusion
Buying a home in Spain is perfectly possible for non-EU citizens and can offer many advantages. However, it is important to inform yourself thoroughly about the process and make all the necessary preparations. With the right planning and advice, the dream of owning your own home under the Spanish sun can become a reality!