Galicia

Galicia is a rugged region in northwest Spain, known for its lush landscapes, dramatic coastline and rich Celtic heritage.
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Property for Sale in Galicia, Spain: A Detailed Guide for Foreigners

This northwestern region offers a unique combination of the following factors that attracts foreign property buyers: 

Stunning Landscapes
Cultural Heritage
Affordability

Despite the highs and lows in Spain’s real estate market, Galicia remains a hidden gem with untapped potential. While property prices in this region are normally lower than in popular areas like Madrid or Barcelona, real estate in Galicia has shown consistent long-term appreciation in value, appealing both to investors and lifestyle buyers.

This guide will take you through the advantages of investing in property in Galicia, the intricacies of navigating the local real estate market, and what to know about property taxes.

Apply for your Upscore Spain Finance Passport to get mortgage insights in Galicia now!

Why Invest in Alicante Property?

See why Alicante is so popular with tourists and foreigners:

Breathtaking Natural Beauty
Galicia is known for its greenery, its seashore, and rural villages. Serenity in this town makes it suitable for any person who wants to lead a quiet life.
Affordability
Compared with other parts of Spain and all over Europe, Galicia is not pricey at all. From daily food shopping to property prices, your pound will stretch quite far here in Galicia.
Thriving Rental Market
Galicia is a haven for tourists who visit for the Camino de Santiago, old history, and coastal towns. This guarantee of steady rental income may be obtained by purchasing property in very strategic areas, including but not limited to Santiago de Compostela, A Coruña, and Vigo.
Cultural Capital
This land boasts a range of distinct living quirks that distinguishes it from the rest of Spain, including: 
  • Celtic Heritage
  • Local Cuisines
  • Traditional Songs
Long-Term Investment
Although there are periodic fluctuations in the property markets, the long-term appreciation of real estate in Galicia has been consistent. Property values are bound to rise as the area gains more international attention.
Good Connectivity
Despite its peaceful atmosphere, Galicia is well connected. Galicia has major airports in Santiago de Compostela and Vigo, offering direct connections to every European capital, thus making accessibility easy for international buyers.

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Can Foreigners Buy a Property in Galicia?

Foreigners, including Brits, can buy properties here with no restrictions whatsoever. The Spanish Government is encouraging this and is keen on foreign investment. The Golden Visa program makes Spain more attractive to international buyers.

Buying a property in Galicia is simple and uncomplicated for British people or other countries outside the European Union. A good starting point involves:

  • Searching for the Ideal Property
  • Speaking to Local Real Estate Agents
  • Securing a Spanish Tax Identification Number, or NIE 

Buying can be straightforward, but seeking help from a legal and financial advisor might be wise due to problems that might arise in obtaining a mortgage, deposit handling, and taxes.

Starting from holiday homes, apartment letting, to finding a permanent abode – the diversified market in Galicia meets all your expectations.

Finding a House in Galicia

Owning a house in Galicia is now easy.

It is worth experiencing the property personally – this way you can determine if the property’s condition and location matches your expectations.

FAQs

The average house price is greatly determined by different locations and styles of properties: areas by the sea, like Vigo or A Coruña, can be pretty expensive, on average, at €1,500 to €2,000 per square meter. In such rural areas, this can decrease down to about €800 per square meter.
Yes, foreigners can get a mortgage in Spain. In most cases, banks give up to 70% of the value of the property to non-residents. A platform like Upscore will make this process much easier.
Yes, there are extra costs for taxation, notary, and registry, usually 10-15% in addition to the sale price of the property.
Yes, you can. Galicia is a very popular destination for holidaymakers, so there is a healthy demand for rentals in coastal and areas of historic interest.
This usually takes 2-3 months from making an offer until the completion of the purchase, involving the securing of financing, conducting due diligence, and finalizing legal documentation.

Contact Galicia Property Experts

Seeking guidance on Galicia real estate? Reach out to our team for personalised advice and local expertise to navigate your property journey.

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