Certainly! In Spain, there are no restrictions on acquiring commercial, residential, or land property.
Real estate experts believe that now is the best moment to buy an apartment in Spain for sale. Despite the fact that demand for Spanish real estate for sale plummeted during the 2008 recession, the recent strong global economy has lifted the market once more.
The number of transactions climbed by 11% year over year from January to November 2018, according to the National Institute of Statistics (INE), bringing whole year sales to 481,220. According to registradores, overseas buyers now account for over 14 percent of sales, up from only 4 percent in 2009.
The procedures for buying a home in Spain as a foreigner are rather simple. You’ll need a financial number before you can buy a house, which you may get by going to a police station with your passport.
For Spanish or EU nationals, it is usually completed the same day, while it may take a few weeks for others.
Non-resident purchasers in Spain can take advantage of the same mortgage terms as Spaniards, with up to 80% coverage on a first house and 60 to 70% coverage on a second home.
This implies you’ll need at least 20% of the available property’s price, plus an additional 15% for taxes, lawyer’s fees, notary fees, and other costs.
Foreigners wanting a change of scenery, particularly those seeking warmer temperatures, have been purchasing Spanish real estate for sale, since this lovely country’s real estate market ranks first among countries in warmer climates.
Purchasing a property in Spain may be the closest you’ll ever come to experiencing heaven. The sun-drenched nation is famed for its lush highlands, breathtaking sea vistas, and colorful beaches. If you are looking for Properties for sale in Spain, have a look with IMMO ABROAD, one of the largest real estate agents in Spain with 8 offices and over 30.000 properties for sale they can help you find your Spanish home.
