Spain is a popular tourist destination and a good choice when investing in real estate. While Spanish real estate took a hit after the financial crisis of 2008, which saw significant price falls, the market has since stabilized although the effects of the COVID-19 pandemic are yet to be felt.
It is relatively straightforward to buy property in Spain. All you need to do is get a financial number by going to a police station with your ID. EU members will typically receive this immediately but other countries may need to wait up to two weeks.
Spain also offers a what is called a ‘Golden Visa’ program in which buyers of houses worth in excess of half a million euros receive a residency visa and a path to citizenship. This is usually aimed at retirees and is particularly popular with people from countries outside the European Union.