Top 10 Best Places in Spain to Buy Property for Foreigners
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Buying a home in Spain has become one of the most popular investment moves for international buyers. The country’s sunny climate, relaxed lifestyle, and strong real estate market make it an appealing choice for both investors and those looking for a second home abroad. Whether your goal is a beachfront villa, a city apartment, or a peaceful countryside retreat, Spain offers endless possibilities.
This guide explores the best places in Spain to buy property and provides practical insights for foreigners looking to invest in one of Europe’s most desirable destinations.
Why Spain Is a Top Destination for Property Buyers
Spain continues to attract thousands of foreign investors every year. The combination of excellent infrastructure, high quality of life, and growing property values makes it one of Europe’s most stable markets.
Key benefits of buying property in Spain include:
- Year-round sunny weather with over 300 days of sunshine in many regions
- Affordable property prices compared to other Western European countries
- Strong rental potential, especially in tourist regions like the Costa del Sol and Barcelona
- Ease of property ownership for non-residents
Despite post-Brexit changes, buying property in Spain after Brexit remains accessible for UK citizens and other non-EU residents. The market remains open, welcoming investors who seek both vacation homes and profitable real estate ventures.
Can Foreigners Buy Property in Spain? Legal and Practical Insights
A common question is: Can a tourist buy a house in Spain? The answer is yes.
Foreigners, including non-EU residents, can legally buy property in Spain without restrictions. However, certain legal steps are required before completing a purchase.
You will need:
- NIE Number (Número de Identificación de Extranjero): A tax identification number required for all property transactions.
- Spanish bank account: For paying taxes, fees, and mortgage installments.
- Legal documentation: Including proof of funds, purchase contract, and registration with the Spanish Land Registry.
For EU citizens, the process is generally faster. Non-EU buyers face additional paperwork but no legal barriers. Whether you’re looking for houses for sale in Spain or luxury property for sale in Spain, the legal framework supports secure ownership for all foreigners.
Factors to Consider Before Buying Property in Spain
Before choosing where to buy property in Spain, evaluate your priorities carefully:
- Budget and Financing: Decide on your price range and whether you’ll need a Spanish mortgage.
- Location and Lifestyle: Coastal living, city life, or rural peace—each offers different experiences.
- Return on Investment (ROI): Some areas deliver stronger rental yields and long-term appreciation.
Popular property types include villas, apartments, and townhouses. Those seeking holiday property for sale in Spain should focus on coastal cities, while retirees might prefer quieter inland areas.
If you’re planning to invest, Tharros Brokers can help with mortgage consultation, property searches, and complete legal assistance.
Top 10 Best Places to Buy Property in Spain for Foreigners
1. Barcelona – Cosmopolitan Lifestyle and Strong Rental Demand
Barcelona consistently ranks among the best areas in Spain to buy property, offering a vibrant mix of culture, business, and coastal appeal. Its international airport, thriving tech sector, and rich Mediterranean lifestyle attract investors from across the globe.
- Why Buy Here: High rental demand from expats, students, and digital nomads.
- Average Price Range: €4,500–€6,000 per m² in prime districts.
- Ideal For: Investors seeking long-term ROI and urban lifestyle properties.
Whether you prefer an estate in Spain city or a modern beachfront apartment, Barcelona guarantees strong occupancy rates and consistent appreciation.
2. Madrid – Capital Growth and Year-Round Demand
Spain’s capital remains a cornerstone for real estate investment due to its stable economy, world-class infrastructure, and continuous demand for rentals. Madrid’s property market shows steady appreciation, supported by domestic and international buyers.
- Why Buy Here: Excellent transport links, solid job market, and low vacancy rates.
- Average Price Range: €3,500–€5,500 per m².
- Ideal For: Long-term investors and professionals relocating to Spain.
Buying property in Madrid ensures reliable returns with minimal volatility, ideal for those prioritizing growth and security.
3. Valencia – Balance Between Lifestyle and Affordability
Valencia, home of Tharros Brokers, blends coastal relaxation with modern urban living. Property prices are lower than in Madrid or Barcelona, offering excellent value for money. The city’s growing expat community and strong tourism make it ideal for both residence and rental.
- Why Buy Here: Affordable prices and high rental yields.
- Average Price Range: €2,000–€3,000 per m².
- Ideal For: Budget-conscious buyers seeking long-term growth.
For anyone looking to buy property in Spain without overspending, Valencia strikes the perfect balance between cost and lifestyle.
4. Marbella – Luxury Property Hotspot on the Costa del Sol
Marbella is the crown jewel of the Spanish Riviera homes for sale scene. Known for its golf resorts, yachts, and exclusive gated communities, it attracts high-net-worth individuals worldwide.
- Why Buy Here: Luxury amenities, international schools, and secure neighborhoods.
- Average Price Range: €5,000–€10,000 per m².
- Ideal For: Luxury investors and retirees.
Search for luxury property for sale in Spain or best place to buy a villa in Spain and Marbella will always be among the top recommendations.
5. Alicante – Coastal Living and Affordable Homes
Alicante combines sun, sea, and community at an affordable price. Its international airport connects to major European cities, making it a hotspot for holiday homes and expats.
- Why Buy Here: Low cost of living and growing expat population.
- Average Price Range: €1,500–€2,500 per m².
- Ideal For: Families, remote workers, and retirees.
Alicante offers a range of houses for sale in Spain and holiday properties for sale in Spain with excellent rental potential during the tourist season.
6. Malaga – Cultural Hub and Digital Nomad Favorite
Malaga has transformed into one of Spain’s most dynamic cities, merging history with modern tech innovation. It’s home to several tech startups and international companies, boosting housing demand.
- Why Buy Here: Tech-driven growth, modern lifestyle, and beach proximity.
- Average Price Range: €2,500–€4,000 per m².
- Ideal For: Professionals, investors, and remote entrepreneurs.
Malaga’s cultural attractions and proximity to the Costa del Sol make it an excellent choice for property buy Spain investors.
7. Mallorca – Mediterranean Island Elegance
Mallorca stands out for its scenic beauty, stable tourism, and high-end properties. It’s among the best places to buy property in Spain for buyers seeking island living with strong rental potential.
- Why Buy Here: Exclusive villas, tourism-driven demand, and natural beauty.
- Average Price Range: €4,000–€8,000 per m².
- Ideal For: Investors in luxury villas and vacation rentals.
From modern sea-view apartments to countryside estates, Mallorca offers diverse options for long-term appreciation.
8. Seville – Historical City with Growing Property Interest
Seville’s Andalusian charm, stunning architecture, and relatively low prices make it attractive for first-time investors.
- Why Buy Here: Affordable housing and growing foreign interest.
- Average Price Range: €1,800–€2,800 per m².
- Ideal For: Culture enthusiasts and value-focused investors.
Its real estate market is gaining traction among estate Spain city buyers looking for long-term gains.
9. Costa Blanca – Sun, Sea, and Strong Holiday Market
Costa Blanca’s golden beaches and relaxed coastal lifestyle continue to attract retirees and investors alike. With steady tourism, it’s one of the top places to buy property in Spain for seasonal rentals.
- Why Buy Here: Excellent climate and strong short-term rental potential.
- Average Price Range: €2,000–€3,500 per m².
- Ideal For: Holiday home buyers and seasonal investors.
Popular towns like Torrevieja and Benidorm offer a range of houses for sale in Spain that cater to both local and foreign buyers.
10. Costa Brava – Scenic Beauty and Exclusive Villas
Costa Brava is known for its natural landscapes, secluded beaches, and elegant villas overlooking the Mediterranean.
- Why Buy Here: Privacy, natural views, and upscale living.
- Average Price Range: €3,000–€6,000 per m².
- Ideal For: Luxury seekers and second-home buyers.
It remains one of the best places in Spain to buy property for those prioritizing peace, exclusivity, and long-term investment stability.
Buying Property in Spain After Brexit
For UK buyers, buying property in Spain after Brexit remains straightforward, though some visa and tax rules have changed. Non-EU citizens need an NIE number and must comply with Spanish residency regulations if they plan to stay long-term.
Tharros Brokers offers support in handling these administrative details, making the buying process seamless for foreigners.
Property Prices and Financing Options in Spain
Property prices vary by region:
- Madrid & Barcelona: from €3,000–€5,000 per m²
- Valencia & Alicante: around €1,500–€2,000 per m²
- Marbella & Mallorca: €4,000+ per m² for luxury homes
Foreigners are eligible for Spanish mortgages, typically up to 70% of the property value. Comparing mortgage rates is essential for long-term savings.
Tharros Brokers can help you find competitive mortgage deals and guide you through the paperwork.
Best Types of Properties for Foreign Buyers
Spain’s diverse market offers something for everyone:
- Villas: Ideal for luxury living or rental income
- Apartments: Great for urban professionals
- Townhouses: Balance between community and privacy
- Holiday homes: For seasonal stays and short-term rentals
Explore listings like Spanish Riviera homes for sale or houses or sale in Spain to find your fit.
Common Mistakes to Avoid When Buying Property in Spain
- Skipping legal checks or independent advice
- Ignoring property taxes and maintenance costs
- Overlooking regional differences in property laws
Partnering with Tharros Brokers ensures transparency, expert guidance, and a smooth purchase process.
Why Choose Tharros Brokers for Property Consultation in Spain
Tharros Brokers specializes in helping foreigners and expats purchase property in Spain confidently.
Services include:
- Expert mortgage and financing advice
- Assistance with NIE and legal documentation
- Personalized guidance on where to buy property in Spain
Contact Tharros Brokers today to start your property journey in Spain with trusted professionals.
Ready to Buy or Need a Mortgage in Spain?
If you’re planning to buy property in Spain or need expert guidance with Spanish mortgages, contact Tharros Brokers today.
Our specialists help foreigners secure properties, manage legal paperwork, and find the best mortgage solutions tailored to your investment goals.
FAQs About Buying Property in Spain for Foreigners