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Yes, anybody can purchase property in this country, as in 2013, its government approved a residency law known as the Golden Visa which allows non-EU investors to purchase property and obtain a residency permit. This permit allows people to stay in Spain for as long as they want. For those individuals who are European Union nationals, this residency permit is automatically given to them.
Yes, you can certainly do that! It’s important to note that you will be required to register your property with the local town hall and pay tax according to your income. If you are not going to be anywhere near the residence, it’s important to think about hiring an agency or an individual who can overlook the property in order to show it to renters and give them the keys, as well as to clean on changeover days and be able to be present if any issue arises with a visitor. A lot of people in Spain tend to make meaningful sums by renting out their Spanish holiday houses while they are very far away.
It is not a secret that in 2009 the Spanish property market crashed, but things seem to be picking up after Covid-19 with investors and buyers. Right now, you will be able to find numerous of properties at very low prices, which makes it the ideal time to purchase a property so that you can sell it a few years down the line at a meaningful sum.
Even though there have been horror stories in the media regarding people having bad experiences while purchasing a property in Spain, there is still no reason for you to expect things to go down the hill with you, too, as every day, many transactions go through successfully without any issues. In order for you not to have any issues, it is recommended that you hire the services of a lawyer.
The answer to this question depends on your current situation. If you work from home, you can live anywhere you please, but if you are moving to Spain and will need an employment, your best choice will be to reside in large cities like Valencia, Madrid,or Barcelona, as these cities offer many employment opportunities for those individuals who come from afar. In smaller towns, there is less work; sometimes the jobs are seasonal. It’s important to note that in most rural areas, there tends to be no Internet service; therefore, you have to analyse and ask questions about the area that has caught your eye.
