Spain’s real estate market remains one of the most attractive options for non-resident investors, offering strong demand, quick turnover, and premium rental yields. In this post, we’ll explore three unique ways for non-Spanish citizens to purchase property in Spain. If you're looking for additional strategies, check out our previous post on smart property buying methods in Marbella and other sought-after locations.
1) Buy Property with Family and Friends: A Shared Investment Opportunity
Pooling your resources with family or friends to invest in property can be a great option for those seeking a second home or vacation property in Spain. By dividing the ownership percentage and contributions equally, you can increase your purchasing power while maintaining shared ownership.
In addition to enjoying the property with your loved ones, sharing ownership also means that you can split the costs of upkeep, taxes, and utilities. Whether you want to share vacation periods or split the costs of maintaining a luxury property, this option allows for greater flexibility.
In addition to enjoying the property with your loved ones, sharing ownership also means that you can split the costs of upkeep, taxes, and utilities. Whether you want to share vacation periods or split the costs of maintaining a luxury property, this option allows for greater flexibility.
2) Convert Cryptocurrency into Fiat: Leveraging the Surge in Crypto to Buy Property
2024 has been a remarkable year for cryptocurrencies, with Bitcoin (BTC) and other major coins hitting new All-Time Highs (ATHs), marking the beggining of the new bull run. As a result, many property buyers are looking to convert their cryptocurrency holdings into euro and use those funds to purchase property in Spain.
Spain's real estate market is open to cryptocurrency investors, allowing you to convert your digital assets into fiat currency and deposit them in a Spanish bank to fund your purchase. While the process may require some additional steps, it’s a viable option for investors who hold significant digital assets.
Spain's real estate market is open to cryptocurrency investors, allowing you to convert your digital assets into fiat currency and deposit them in a Spanish bank to fund your purchase. While the process may require some additional steps, it’s a viable option for investors who hold significant digital assets.
3) Secure a Spanish Mortgage as a Non-Resident: Financing Your Property Purchase
For non-residents, securing a mortgage in Spain is an increasingly popular option. Non-resident mortgages allow buyers to finance up to 70% of the property’s value, depending on the lender and the applicant's financial profile. The remaining 30% can be covered by a private loan from your home country, or by using personal savings.
Spanish mortgages for non-residents can often provide better interest rates and more favorable conditions compared to those available in your home country, especially if you have a solid financial track record.
Spanish mortgages for non-residents can often provide better interest rates and more favorable conditions compared to those available in your home country, especially if you have a solid financial track record.
Why Work with UTRUST for Your Property Investment in Spain?
At UTRUST, we specialize in providing legal expertise to non-Spanish citizens navigating the Spanish real estate market. As your dedicated property lawyers, we tailor the best investment strategy for your needs, ensuring that you fully understand your options and the legal aspects of your purchase.
Contact us today via info@utrust.es to schedule a consultation or discuss your real estate investment strategy. We’re committed to ensuring that your investment is legally sound and successfully executed.
Contact us today via info@utrust.es to schedule a consultation or discuss your real estate investment strategy. We’re committed to ensuring that your investment is legally sound and successfully executed.