Improved mortgage conditions in Spain: an opportunity for foreign buyers in Alicante province

Spanish banks have recently improved mortgage financing conditions due to lower official interest rates in Europe and increased competition between financial institutions. Currently, some fixed and mixed-rate mortgages are available from approximately 2.4%–2.6% TIN, depending on the buyer’s profile, initial contribution, and bank requirements.

This situation is especially attractive for foreign buyers looking to purchase property in Alicante province, one of Spain’s most popular destinations thanks to its climate, quality of life, and strong real estate demand.

Lower interest rates, combined with competitive property prices compared to other European markets, make Alicante an excellent choice for both second homes and real estate investment.

Spanish banks continue to offer mortgages for non-residents, typically financing up to 60–70% of the purchase price, making it easier for international buyers to acquire property on the Costa Blanca and in major urban areas.

If you are considering buying property in Alicante as a foreign buyer, I will guide you through every step of the process, from property search to legal and financial advice.