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In 2025, Spain continues to attract foreign investors to its real estate market despite tightening tax policies for buyers from non-EU countries.
Mortgage terms for non-residents
Mortgage rates: on average 3.08% APR; fixed rates around 3.17%, variable rates from 2.94%.
Maximum loan amount: up to 70% of the property’s appraised value, requiring a down payment of 30–40%.
Loan term: up to 25 years.
Borrower requirements:
Verified stable income.
Good credit history.
A valid NIE (Foreigner Identification Number) and a Spanish bank account.
New tax initiatives
At the beginning of 2025, Spanish Prime Minister Pedro Sánchez proposed imposing an additional tax of up to 100% of the property’s value on buyers from non-EU countries who are not residents of Spain. The goal is to curb speculative purchases and ease pressure on the housing market.
However, this proposal has drawn criticism from the opposition and experts, who argue that such measures could harm the investment climate and won’t solve the underlying issues of the housing crisis.
Recommendations for foreign buyers
Plan your budget: account not only for the property price but also additional costs, including taxes, fees, and notary services.
Consult with experts: work with international real estate and mortgage specialists to get up-to-date information and assistance with paperwork.
Monitor legal developments: tax policies may change, so it’s important to stay informed about new initiatives and their potential impact on your purchase.
Despite potential changes in tax legislation, Spain remains an attractive destination for real estate investment. It’s crucial to prepare thoroughly and seek professional advice to ensure a successful purchase https://oxidyhomes.com/es/sobre-mi/.