Property for Sale in Catalonia, Spain: An Informed Guide for Foreigners
Property in Catalonia not only serves as a valuable estate asset for the house owner but also provides residence in the form of Spain’s Golden Visa, which means the possibility of long-term residency and freedom to travel across Europe.
Just as the general economy in Spain, the real estate market in Catalonia has experienced its ups and downs. But recently, with increased demand by international buyers and recognition as one of the sought-after places in Spain, this area promises great long-term appreciation.
The following guide discusses why investing in real estate in Catalonia is an excellent option and how to go about it with ease.
Why Buy Property in Catalonia?
Read below why the property market in Catalonia is so exciting for foreign buyers:
Can Brits Buy Property in Catalonia?
Yes, Brits and other foreign nationals can purchase property anywhere in Catalonia without restrictions. The Spanish government, which favours foreign investment through special programs such as the Golden Visa, ensures ease in the acquisition process for expatriates.
The great culture, food, and extremely friendly atmosphere make foreigners prefer Catalonia to other parts of Spain. Logistically, the process is quite accessible, but there are still several aspects to address:
- You can only get a mortgage without a Spanish bank account if you pay large deposits.
- Local lenders provide a considerable loan volume to foreign buyers, although non-resident financing may be more limited.
- Employing a local lawyer is essential to navigate Spanish property law, review contracts, and ensure the purchase process is smooth.
Luckily, the Catalonia property market has options ranging from modern apartments in Barcelona to villas in the countryside of Girona. For Brits looking to relocate there or to invest in the area, the process can be pretty smooth, especially when one uses well-settled local agents.
Finding a House in Catalonia
Catalonia’s property regulations make buying a home easier than ever. Many respected real estate sites advertise properties for sale, such as:
However, if you prefer a personalised service, it is highly advisable to work with a reputed British or Spanish estate agent. Agencies such as Rightmove and Lucas Fox provide special services for foreign buyers in the Catalonian real estate market.
However, it’s crucial to view any potential property in person to avoid unforeseen issues and ensure it meets your expectations.
