Buying property in Spain after Brexit

Buying property in Spain after Brexit

Have you been considering buying a property in Spain in the near future? If so, you may have some concerns regarding the impact of Brexit on property ownership by non-EU nationals, specifically for UK citizens, in Spain.

As Brexit talks continue and rules are being developed, there are so many questions that you may have concerning owning a property in Spain. Although much of the Brexit rules are still in development, this article will address some of the major concerns for non-EU nationals, specifically UK citizens, considering buying properties in Spain.

Can I still buy property in Spain after Brexit?

Yes, you can.  There are currently no rules under Brexit that would restrict non-EU individuals from purchasing a property in Spain. If anything, the Government of Spain has always promoted the purchase of Spanish properties.

Find out more about how to buy a house in Spain safely or download our free guide.

Get your FREE GUIDE!

Would it cost a me more money to purchase a property in Spain after Brexit?

Not necessarily. In Spain, all non-EU nationals and EU nationals buyers pay the same fees when they purchase properties. A buyer of a property in Spain can expect to pay notary fees, property registry fees, NIE certificates charges, property purchase tax, legal adviser fees, stamp duty, if applicable, and other miscellaneous charges, including bank, courier, and translation fees.

Besides, non-EU nationals should keep in mind fluctuations in the exchange rate between their home currency and Euros. The difference between the currencies and conversion charges may add to the cost of purchasing the property.

Would there be any difficulties my property in Spain after brexit?

Generally, there are no anticipated issues if non-EU national plans to visit their property in Spain for short periods of time, which typically means any trip that lasts for less than 90 days. However, a visa may be required if a non-EU national who does not fall under the Golden Visa Scheme category plans to visit their property in Spain for long periods of time, typically any trips that last at least 90 days.

Another related issue to this subject of permanent or long-term living by a non-EU national, specifically for UK citizens, in Spain, is their access to the Spanish healthcare system upon retirement. Before Brexit, UK citizens enjoy access to the Spanish healthcare system like any other EU national. However, since Brexit essentially ceases UK’s membership in the Union, British citizens face the presumption that they would have to seek healthcare access or medical insurance alternatives. This is an important topic as changes to ones’ access to healthcare may greatly impact the anticipated cost of living in Spain for a UK citizen.

However, it is important to keep in mind that, like many Brexit rules, these particular issues are still being negotiated and are subject to change as the agreement develops.

Becoming legally resident in Spain under the Golden Visa

Under the Golden Visa Scheme, non-EU nationals who invest a significant amount in the Spanish Economy would be issued a residence visa. The Golden Visa offers the holder and their family members residency in Spain and visa-free access to the Schengen Zone. To qualify under this deal, a non-EU national must invest €500,000 in real estate to gain family residency. The non-EU national Golden Visa holder can renew their status every two (2) years and apply for permanent residency after five (5) years after acquiring the Golden Visa. The non-EU national can then apply for citizenship under ten (10) years of permanent residency. It is also good to note that the Spanish investor doesn’t need to reside in Spain to retain and renew their residency visa permit.

Of course, you do not necessarily need to invest €500,000 in real estate if you wish to purchase a property in Spain, and you do not seek to avail of The Golden Visa.

Taxation after Brexit

The taxes you are obliged to pay in relation to property ownership in Spain remain unchanged. IBI (council tax) and VAT (IVA in Spain), are charged at the same level no matter what your nationality. In the other hand, UK residents pay inheritance tax at the same rate as Spanish residents. However inheritance tax rate may vary depending on the autonomous community in which property is located.

Get your FREE GUIDE!

How has Brexit affected property prices? Should I still buy a property in Spain?

If you do have the capital and owning a property in Spain has always been your dream, this year could be a good year to do it.  Buyers who purchase for first time are increasingly looking to buy Spain. Given the COVID-19 crisis, it is difficult to say whether to what extent Brexit has impacted Spanish property prices. However, the benefits of buying a house in Spain remain strong.

Find out more about whether it is a good time to buy a house in Spain now.

Finally, if you are thinking about buying property in Spain and you are concerned about how Brexit affects you, please contact by email at, by phone at (0034)965717175 or via the online form if you want more advice for buying a property in Spain. We will be pleased to help you.

5/5 - (3 votes)

José Pineda Cuenca

Founder & Chief Executive Officer. Oremfi by Aserpro.
Scroll to Top