Spain is a popular destination for overseas property buyers, and the trend is only getting stronger. In 2022, there were 88,800 transactions involving international buyers, and the first quarter of 2023 saw a further 23,380.
There are a number of reasons for Spain’s popularity with international buyers. The country has a warm climate, beautiful beaches, and a relaxed lifestyle. It’s also relatively affordable, especially compared to other European countries.
The latest data shows that the profile of international buyers in Spain is changing. In the past, most buyers were retirees from northern Europe. However, now we’re seeing a growing number of younger buyers, including digital nomads and families.
Digital nomads are attracted to Spain by the country’s digital nomad visa, which allows them to live and work in Spain for up to 12 months. This visa is a great way for digital nomads to experience living in Spain and to benefit from the country’s lower cost of living.
Families are also increasingly looking to buy property in Spain. The country has a good education system and a strong healthcare system, which are important factors for families.
If you’re thinking of buying property in Spain, there are a few things you need to know. First, you’ll need to get a NIE number, which is a foreigner’s identification number. You can apply for a NIE number at the Spanish embassy or consulate in your home country.
Second, you’ll need to find a lawyer who can help you with the legal process of buying a property in Spain. A lawyer can also advise you on the different types of property available and the best way to finance your purchase.
Finally, you’ll need to be prepared to act quickly. The Spanish property market is very competitive, so it’s important to be ready to make an offer as soon as you find a property that you like.
If you’re looking for a beautiful, affordable, and sunny place to buy property, Spain is a great option. With its warm climate, relaxed lifestyle, and excellent value for money, Spain is sure to appeal to a wide range of buyers.
Here are some additional tips for buying or selling property in Spain:
Do your research and understand the Spanish property market.
Get a mortgage pre-approved before you start looking at properties.
Hire a lawyer to help you with the legal process.
Be prepared to act quickly.
Don’t forget about the costs involved in buying a property.
