Foreigners and non-residents of Spain face no restrictions when it comes to buying property in the country. This applies to individuals from both European Union (EU) and non-EU countries. The Spanish government actively encourages and welcomes foreign investors and buyers, making it an attractive destination for those looking to invest in real estate. In fact, certain regions, such as Andalusia, have even abolished wealth tax in order to further incentivize overseas buyers and foreign investors.
However, it is important to note that there are certain exceptions to this rule. Foreigners who have been sanctioned by the European Union, including certain political leaders, are not allowed to purchase property in Spain. This restriction is in place to ensure compliance with EU regulations and maintain the integrity of the real estate market.
For individuals from the United Kingdom, the process of buying property in Spain remains unchanged after Brexit. British passport holders can still purchase and own property in Spain without any additional citizenship or residency requirements. However, there have been changes regarding the right to live in Spain. British passport holders without a visa or residency permit are now limited to spending a maximum of 90 days within a 180-day period in Spain and other Schengen Area countries. This restriction also applies to citizens of other countries outside the EU, such as the United States and Australia.
In conclusion, Spain offers a welcoming environment for foreigners and non-residents looking to invest in property. The government actively encourages foreign investment and has implemented measures to attract overseas buyers. While there are no restrictions for most foreigners, individuals who have been sanctioned by the EU are prohibited from purchasing property in Spain. Additionally, post-Brexit, British passport holders can still buy property in Spain, but there are limitations on the duration of their stay in the country.