Buying property in Spain
Buying property in Spain is a big step toward the lifestyle you’ve been dreaming of, whether it’s for long sunny holidays or a brand-new chapter abroad. Our property buying guide for Spain provides essential information to support your international move, including:
- Key legal and regional considerations when purchasing property in Spain
- Information on taxes, residency requirements, and Spanish regulations
- A practical checklist to help you stay organised throughout the buying process
- Useful tips to make your transition to life in Spain as smooth as possible
- Why buy property in Spain?
- Can UK residents buy property in Spain?
- What kind of VISA will I need when I buy property in Spain?
- Where to buy property in Spain
- Currency exchange considerations for UK Buyers
- How should you plan for costs when buying property in Spain?
- Frequently asked questions
- Legal considerations when buying a property in Spain
- The step-by-step process of buying property in Spain
- Working with Lumon – your trusted currency partner
- What our customers are saying
- News and views
Why buy property in Spain?
Spain is all about sunshine, good food, and a laid-back lifestyle. Buy a home here, and you can live la buena vida, which includes everything from morning markets to long, wine-filled lunches under the sun. Here are a a few (of many!) reasons UK residents decide to make the move.
Outdoor lifestyle
Spain’s warm, dry climate means life is lived outside, from long lunches on the terrace to daily markets in sunlit plazas.
Many regions boast over 300 days of sunshine a year, making it easy to enjoy the fresh air, whether you’re in the mountains, countryside, or by the coast.
Work-life balance
From late-morning café stops to relaxed evening meals, Spain’s daily rhythm is famously unhurried.
Local customs like the menú del día and fiesta celebrations bring people together and make everyday life feel a little more joyful. A big part of why so many UK buyers fall in love with the lifestyle.
Accessibility
Buying a house in Spain also gives you a gateway to Europe.
High-speed rail links, regional airports, and extensive road networks make it easy to explore other parts of Spain or hop over to Portugal and France. Whether it’s a weekend getaway or a longer adventure, you’ve got options.
Can UK residents buy property in Spain?
Few restrictions for non-residents: UK citizens can buy property in Spain even if they’re not residents. You’ll just need an NIE (Foreigner Identification Number) to complete the purchase.
Buying property after Brexit: Post-Brexit, not much has changed when it comes to buying. However, if you want to stay for more than 90 days in any 180-day period, you’ll need to apply for a visa or residency permit.
Legal and financial checks: To keep things smooth and simple, it’s a good idea to work with a local lawyer and a currency specialist, helping you avoid surprises and get the best value from your transfer.
What kind of VISA will I need when I buy property in Spain?
If you plan to spend more than 90 days in Spain within a 180-day period, you’ll need a visa, unless you were already a resident or are joining a family member covered by the Brexit Withdrawal Agreement.
For first-time long-term stays, you’ll typically need a work visa or proof of savings, medical insurance, and a clean criminal record. Note that Spain’s Golden Visa scheme is no longer available, so buying property alone won’t grant you residency.
Any Golden Visa applications submitted before the cut-off date of April 3 2025 will still be considered under the previous rules. Check with the Spanish Consulate in the UK to find the right visa for your situation.
The information provided is for general information purposes and does not constitute legal, tax or other professional advice from Lumon, and it is not intended as a substitute for obtaining advice. it is recommended you seek professional advice from a financial advisor or any other professional.
Where to buy property in Spain
Balearic Islands
Stylish island living with stunning beaches, vibrant culture, and a slower pace. Perfect for both relaxing escapes and year-round sunshine.
Costa Del Azahar
A quieter stretch of coastline with authentic Spanish charm, orange groves, and affordable property. Ideal for a peaceful lifestyle by the sea.
Costa Brava
Rugged coastlines, charming seaside towns, and easy access to Barcelona. A scenic spot with a mix of nature, culture, and convenience.
Costa Cálida
Known for its warm climate and healing saltwater lagoons, this region offers great value and a relaxed Mediterranean feel.
Costa Blanca
A long-time favourite with expats, offering a mix of lively resorts and tranquil villages, plus sunshine almost all year round.
Costa del Sol
A classic for a reason: vibrant towns, golf courses, beaches, and strong expat communities, all with easy access to Malaga and beyond.
Costa Almeria
A more low-key alternative to the Costa del Sol, with dramatic landscapes, traditional towns, and property at a lower price point.
Costa de la Luz
Unspoilt beaches, a laid-back vibe, and a strong local feel. Great for those seeking authenticity and fewer tourist crowds.
Canary Islands
Mild year-round weather, volcanic beauty, and a unique island lifestyle, a favourite for winter sun and long-term living.
Currency exchange considerations for UK Buyers
At Lumon, we’re here to simplify the currency side of your property purchase, helping you transfer funds overseas with ease.
Currency could affect your budget
The exchange rate changes constantly and even small fluctuations can have an impact on your budget. Visit our live rates page to view live interbank rates.
Hassle-free property payments
We’ll help you transfer funds safely and with confidence. Take a quick look at what the process includes.
How should you plan for costs when buying property in Spain?
Our buying guide for Spain goes into depth about how to buy property in Spain and what to bear in mind, including:
Set your budget: Determine what you can comfortably spend, taking into account Spanish fees, taxes, legal costs, and currency exchange rates.
Understand local costs: Buying costs in Spain can vary depending on the region and whether you’re using a mortgage. Knowing what applies to you will help avoid surprises later.
Have your deposit ready: Once you find the right place, you’ll often need to pay a reservation deposit quickly. Having funds ready, in euros, puts you in a strong position.
Non-Lucrative Visa
The Non-Lucrative Visa, also known as the Spanish Retirement Visa, a great choice for retirees or anyone planning to live in Spain without working. This visa allows you to stay long-term, provided you can demonstrate sufficient income and private health insurance.
Work and Residence Visa
If you’re relocating to Spain for a job or planning to work while living there, you’ll need a Work and Residence Visa. This typically requires a job offer from a Spanish employer and approval from the immigration authorities before you arrive.
Frequently asked questions
Is buying property in Spain a good investment?
It can be, especially in high-demand areas like the Costa del Sol or Balearic Islands, where there’s potential for long-term value growth and rental income. But like any investment, it’s important to research the local market, tax rules, and currency exchange factors before you commit.
Are there any restrictions for UK-citizens buying property in Spain?
No, UK citizens can buy property in Spain without needing to be residents. You’ll just need an NIE (Foreigner Identification Number) to complete the purchase, and if you plan to stay long-term, you’ll need to explore visa options post-Brexit.
Do you pay UK stamp duty on Spanish property?
No, UK stamp duty only applies to properties in the UK. However, Spain has its own buying costs, including property transfer tax, legal fees, and notary charges. Be sure to budget around 10–15% on top of the purchase price.
Do I have to declare a Spanish property to HMRC?
You don’t need to declare the property itself, but you do need to report any rental income or gains if you sell it. These may be taxed in both Spain and the UK, so speaking with a tax adviser can help ensure you’re covered under any double taxation agreements.
How can I reduce the amount of UK tax on my property in Spain?
If you’re a UK tax resident, you’ll still pay tax on overseas income or profits. That said, you may be able to reduce your liability through allowances or the UK-Spain double tax treaty. A qualified tax adviser can help you navigate the rules. Read our article on Spanish Property Tax.
How can I get a mortgage to buy property in Spain?
When buying property in Spain, you can either get a mortgage through a UK-based specialist or a Spanish bank. Spanish lenders may offer rates tailored to the local market, but you’ll need to meet their criteria. Just keep in mind that if your income is in pounds and your mortgage is in euros, currency shifts can affect your repayments.
Legal considerations when buying a property in Spain
Seek independent legal advice: It could be worth considering appointing your own lawyer—ideally someone who specialises in Spanish property law and speaks your language. While some buyers choose a solicitor recommended by the seller or agent, having independent legal support can help ensure your interests are fully protected.
Check for restrictions: While Spain generally welcomes foreign buyers, there may be regional planning rules, zoning restrictions, or additional requirements depending on the location. A local legal expert can help you understand what applies to your purchase.
Protect yourself from fraud: Your lawyer will verify the legal ownership of the property, check for any outstanding debts or charges, and ensure all paperwork, like the title deed and land registry, is in order, helping you avoid costly mistakes or scams.
The step-by-step process of buying property in Spain
1. Set your budget
Include the property price plus extra for taxes, legal fees, and currency exchange. Planning ahead gives you clarity from the start.
2. Pick your location
Coast, city, or countryside? Think about lifestyle, climate, amenities, and how often you’ll visit or stay.
3. Get your paperwork ready
You’ll need an NIE number and a Spanish bank account to move forward with a purchase.
4. Make an offer and appoint a lawyer
Once you’ve found the right place, your lawyer will help with contracts, legal checks, and guiding the process.
5. Transfer your funds and complete the purchase
A Lumon specialist can help you secure a strong rate and avoid hidden fees. Once payment is made and contracts are signed, the keys are yours.
Working with Lumon – your trusted currency partner
Our team of currency specialists have the local market knowledge to help you navigate the process of buying a property in Spain. With our international real estate expertise, we’re here to help make the process simple.
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Your property buying guide
Our property buying guide is packed with information and resources to support you on your property journey, including:
- Important considerations when buying a property in Spain
- Information on navigating local taxes, visas and other regulations
- A handy checklist for ensuring you’re on track
- Lots of other little tips to support your dream move
