Investing in Spain

1. Obtain NIE (foreigner tax ID) — required for any property purchase.
2. Sign Arras contract with 10% deposit.
3. Notary appointment — sign the public deed (escritura).
4. Pay taxes & register at the Land Registry (Registro de la Propiedad).

• Transfer tax (ITP): 6–10% on resale property (varies by region).
• VAT (IVA): 10% on new builds + 1.5% stamp duty.
• Notary & registry: 1–2.5%.
• Annual property tax (IBI): 0.4–1.1% of cadastral value.
• Wealth tax: applies to net assets above €700K in most regions (exempt in Madrid).

Non-EU buyers historically qualified for the Golden Visa via €500,000 real estate. Note: this scheme was scheduled to close in April 2025 — check current status. The Non-Lucrative Visa remains available for passive-income residents.

Spain's real-estate Golden Visa is being phased out. We work with private clients on the Beckham Law special tax regime, Non-Lucrative Visa, and Digital Nomad Visa as alternatives — speak to our private office for tailored guidance.

Spain does not offer citizenship by investment. Standard residency-to-citizenship requires 10 years (2 years for nationals of former Iberoamerican territories).

Madrid and Barcelona prime apartments yield 4–5%. Marbella holiday rentals can reach 6–7%. Ibiza & Mallorca short-lets exceed 8% in peak season.

Prime Spanish real estate has appreciated steadily at 5–8% per year since 2020. Marbella and Madrid Salamanca posted record prices in 2024.

Branded residences are arriving (Six Senses Ibiza, W Marbella). Off-plan villa launches in Sotogrande and Mallorca are achieving 30%+ off-plan appreciation.

Independent legal representation is essential. We mandate a Colegio-registered abogado for every transaction, full title/charges search and notary-supervised closing.