Property for Sale in Andalusia, Spain - A Foreigners Guide
Buying a property in Andalusia is one of the best ways to invest in one of the most interesting regions of Spain: from the sunny Costa del Sol down to Seville and Granada. It differs by its varied landscape, rich cultural heritage, and a very high quality of life.
Buying property in Andalusia provides you with:
Why Invest in Andalusian Property?
Can Foreigners Buy Spanish Real Estate?
Yes, Brits can buy property in Andalusia and anywhere else in Spain without any problem. Non-resident buyers are not restricted, and Spain actually encourages foreign investment with various incentives, such as the Golden Visa scheme. On investing the minimum required in property- €500,000 – Brits are entitled to apply for a residency permit, which is renewable.
The process of purchase in Andalusia is uncomplicated and follows Spanish legal procedures.
For the foreign buyer, property options range from modern apartments in coastal cities to traditional Andalusian villas in the countryside. On top of this, Spain’s smooth real estate market has ironed out many wrinkles for the international buyer.
However, some things to take into consideration are that while there are no restrictions, financing a property in Spain as a foreigner may require a higher deposit for mortgages. Also, some lending options may only be available to people who have Spanish residency or who have a local bank account.
Finding an Andalusian House
The real estate market of Andalusia is pretty open – you may find urban and coastal options, country villages, new build, or older history homes according to personal choices and budgets.
Popular Spanish estate agents include:
Remember, research thoroughly, visit properties in person, and understand all associated costs before making a purchase.
FAQs
Yes, foreigners can seek a mortgage in Spain, but lenders may ask for larger deposits, usually 30-40%, with some that require proof of income. Upscore’s platform helps compare mortgage options and secure financing.
