Foreign investors in real estate in Spain have almost double the amount of expenditure in the first half of 2017 compared to the same period last year, shows a report issued by international consultancy firm JLL. Spanish cities Madrid and Barcelona remain the top recipients of FDI, however, Malaga and Seville are also interesting options. Our lawyers in Spain talk about foreign investment in property and the laws that apply to these transactions.
Spain, a popular destination for foreign investments in property
Spain has been a preferred location for British citizens
, both for investment and for holiday purposes. A study released by JLL, an international consultancy firm, confirms that the country remains in top preferences for holiday homes, even ahead of France, Portugal or Italy.
and Barcelona remain the cities with the highest foreign property investment figures, however, this year other regions have become popular for foreigners looking to buy a home in Spain. Alicante
was one of the regions with the highest property investment increase: interest in this area grew by 53% on a year-on-year basis. The affordable prices in this area have certainly been a criterion for those looking to buy a vacation home along the beautiful coastline. Mallorca
are the two other destinations after Alicante that complete the top three searched for this year.
Buying property in Spain
When buying property in Spain
you can talk to one of our lawyers in Spain
who can help you negotiate with the seller, draft the purchase agreements and handle any other legal matters.
The taxes that apply in Spain for property purchases are the following: value added tax, stamp duty, income tax, the local tax on real estate. Some taxes also apply on property resale.
You can contact our law firm in Spain
for more details on the property purchase process and how you can invest in real estate in one of the top locations in the country.