Northern Spain

Northern Spain is a diverse region known for its lush landscapes, rugged coastlines, vibrant cities, Basque cuisine and the Camino de Santiago pilgrimage.
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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:

The Benefits of Buying Property in Northern Spain
How to Navigate the Market
What Taxes and Legalities are Involved in Doing So

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Why Invest in Northern Spain?

See why the Northern Spanish property market has become so popular:
Golden Visa Opportunity
Acquiring a property worth at least €500,000 will grant eligibility for Spain’s Golden Visa, which is good for long-term residency, with travel across the Schengen Area without hassle.
Mild Climate and Scenic Landscapes
It is mild in climate and has green valleys and wonderful coasts in the north – a perfect destination for people who want cooler summers than southern Spain.
Low Cost of Living
Enjoy the feeling of staying in comfort, yet at a much cheaper cost than in the US, Australia, or most of Western Europe.
Tourist Attractions
It is the dream destination for any tourist, offering both nature and culture in abundance, thus ranking high in the real estate investment opportunity in rentals, especially for summer houses in Bilbao, San Sebastián, or the Picos de Europa.
Value for Money
Northern Spain is typically far less expensive compared to bigger metropolitan cities such as Madrid and Barcelona, making it very attractive to the savvy investor.
Stable Market Growth
The Northern Spanish real estate market has gradually appreciated over the years. This increasingly attracts international buyers, hence leading to continued demand.
Excellent Connectivity
The northern area of Spain also has its various regional airports, such as Bilbao and Santander, with larger train lines to make travel from most points in Europe relatively manageable.

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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.  Inspect the property personally, and check the documentation before purchasing.

Properties in Northern Spain range from ancient stone farmhouses to modern city centre apartments. 

FAQs

Yes, foreigners can buy property in Northern Spain without having to live there. However, you will most likely want to visit for inspection trips and the legal process.
These include property transfer tax, notary fees, and registry costs, calculated at 6-10% of the buying price, in addition to IBI per year linked to the percentage value of the home.
You can secure a mortgage through a Spanish lender, though non-residents typically need a larger deposit (around 30-40%). Upscore can help compare lender options.
No, but you would have to deal with licensing for short-term rentals in tourist areas. For long-term rentals, it is less restrictive.
Prices vary by location, with coastal properties often commanding higher prices. On average, expect to pay €1,500-€2,500 per square meter for properties in cities or sought-after areas.

Connect with Northern Spain Experts

Seeking advice on Northern Spain property? Reach out to us today to get personalised, professional guidance from trusted Upscore’s local specialists.

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Explore Other Places in Spain

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San Sebastian

San Sebastián is a stunning coastal city in northern Spain, renowned for its beautiful beaches, vibrant food scene, and picturesque old town.

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