Property for Sale in Northern Spain - How It Works for Foreigners
Owning a house in Northern Spain not only gives you a secure foothold in one of the most beautiful areas in Europe but also a path toward residency, particularly with the Spanish Golden Visa arrangement.
The real estate market in Northern Spain has its own dynamics, usually reflecting a mix of historic charm and modern living throughout the region. There are fluctuations in the market, as in every other place, but generally speaking, owning property here can be a very good long-term investment.
This guide leads you through:
Why Invest in Northern Spain?
Can a Foreigner Purchase Houses in Northern Spain?
There are no obstacles for foreigners, including Brits, to buy freely or rent real estate in Spain without special permissions. The Spanish Government encourages foreign investment, with programs such as the Golden Visa.
For foreigners, the process is smooth, but there are some nuances worth discussing. Being a non-resident, there are some problems with mortgage deposits and finance options, which often require a Spanish bank account or a resident number. That said, the different types of property available and an easy acquisition process make Northern Spain accessible and enticing for an overseas buyer.
With the following options at your disposal, foreigners are well-supported in reference to the real estate market of Northern Spain:
- Rustic Countryside Villas
- Modern City Apartments
- Coastal Retreats
Finding a House in Northern Spain
Finding a place in Northern Spain is relatively easy as there are several good online property portals along with estate agents to facilitate the process. Some popular property search websites include:
It is better to contact local estate agents who would know the fine points of the market in Northern Spain. Inspect the property personally, and check the documentation before purchasing.
Properties in Northern Spain range from ancient stone farmhouses to modern city centre apartments. For maximum ease, consult agents who specialise in the service of expatriates, to ease themselves into an alien environment.
