The Best Locations in Spain for Expats to Buy Property
21 June, 2023 | Alba Tebar
An expat is someone who goes to live in a different country, no matter the reason or the duration. Probably, if you are reading this article, it is because you are an expat currently living in Spain. Or it could be that you are willing to come to this country, so you’re searching for the best places to settle down and buy a property here.
The reasons that have pushed you into coming to Spain can be wide. Everyone is different, and life can be such a constant treat. However, we might not be far from reality when we suggest that you have chosen Spain among other countries in order to experience our peaceful, fun, and Mediterranean way of living.
Food, weather, and lifestyle are some of the main things that characterize Spain in contraposition to other countries. However, those are not the only things that Spain can offer to you. There are lots of hidden places with stunning landscapes that you might want to discover, as well as lots of interesting work-projects, art hubs and cultural performances.
Spain is a really big country in the south of Europe, with almost 506.000 square kilometers and a total population of almost 50 million. So, this large territory has an interesting plurality of places you might want to know, in order to properly choose which is the best place where you can buy a property.
In that sense, if you want to know which are some of the best places we can offer you, read carefully this article. We will explain the main characteristics of some key points around Spain from a commercial and mortgage perspective. By this way, you’ll have the maximum quality information to take a well-informed decision.
Remember, we are mortgage brokers that are used to work with expats and non-residents, helping them to find the best house and the best mortgage in Spain, according to their personal needs and characteristics. In that sense, we are more than capable to guide you throughout this process and help you find the best locations in Spain to buy a property. So, if you want to have some local advice, do not hesitate to contact with Hipotecasplus! We’ll be more than happy to help you!
Attractive locations for expats in Spain
Here we’ll talk about some of the best places to buy a property in Spain, according to our experience. Nevertheless, it is true that there are many other beautiful cities where you could also find really good properties and make pretty good business. So, in case you are interested in exploring any other location that it’s not in that list, do not panic. Contact with our team of experts and we’ll advise you with further information.
This city, situated the Costa Blanca, offers a pleasant climate, beautiful beaches, and a relaxed lifestyle. Furthermore, it is generally a more affordable place to live than other bigger cities in Spain. This combination of factors is the reason why Alicante has become one of the most popular places to settle down for expats.
In particular, 15% of the total population in Alicante, are foreigners. Specifically, this region has very good links to the UK, so you’d be able to find a big community of UK expats here. In a word, you could feel not as isolated as in other cities here in Alicante!
With more than 1’5 million inhabitants, Barcelona is the capital of Catalonia and the second largest city in Spain. This beautiful city has the honour to have stunning architecture, passionate art and culture, and a wide range of economic activities.
What’s more, its combination of beach and mountain, good public services and nice weather, converts Barcelona in one of the favourite places for expats to buy a house. Shortly, its big international community will warmly welcome you from the very first day!
Anyways, you should be careful, because its popularity and massive tourism has increased the cost of living, and Barcelona has become one of the most expensive cities to live among Spain.
Madrid, the capital of Spain, is one of the best places to invest in real state. It’s defined by its beautiful and big parks, its historical buildings, and a cosmopolitan character that has the potential to attract people from all over the world. Also, it’s the major business hub in Spain.
However, it happens something similar as in Barcelona. Its big international community has increased the cost of living, so nowadays Madrid is probably the priciest city in Spain.
Valencia is also one of the best places to invest in Spain, because of its perfect weather and the proximity to the Mediterranean beach. Those two ingredients define Valencia as the perfect place for retirees to buy a house.
As well as expats can enjoy the beautiful historic center, a fantastic gastronomy, and the famous City of Arts and Sciences, they can also run a business here and obtain a good economic and financial status.
Besides, the cost of living in Valencia is generally more affordable compared to Barcelona and Madrid, so that can be another good point to consider.
Costa del Sol
We could highlight Málaga and Marbella as two of the best cities in Costa del Sol where you can buy a house. We are talking about one of the most popular regions in Spain, not only for tourists (beaches and weather here are gorgeous!) but to invest in house properties.
In a word, Costa del Sol can bring expats the ideal combination of beach and city living. Here, it is common to play golf, have a relaxed lifestyle, and discover the cultural side of the region. You know: the best of three worlds!
And last but not least: Sevilla. It is located in the community of Andalusia, and it’s an important commercial and economic city in the south of Spain. Its breathtaking art and culture and its warm and sunny weather make the best combination for non-residents to stay here.
Sevilla is probably one of the best cities to truly experience the Spanish lifestyle and its traditions, thanks to its narrow streets, the historic landmarks and the flamenco festivals. Don’t think it twice and try it!