Buying a home in another country is not a small decision. It involves studying the market, understanding local regulations and, above all, being clear about what is expected from the investment.
In recent years, Spain has become one of the preferred destinations for those looking for a second residence, a property to rent out or a change of lifestyle. But what are international buyers really looking for?
Why is there such a boom among international buyers?
The interest of foreign buyers in the Spanish real estate market is no coincidence. Factors such as the climate, quality of life, legal security and strong international connections have turned Spain into an attractive place to live and invest. In areas such as the Costa del Sol, the combination of services, modern infrastructure and a Mediterranean lifestyle makes the difference compared to other European destinations.
In addition, the international context also plays a role. In times of economic or political uncertainty in other countries, many investors seek to diversify their assets in stable markets. Spain offers competitive prices compared to other European capitals and attractive returns in certain areas. Added to this is the possibility of remote working, which has boosted demand for spacious homes with outdoor areas and good transport links.
Guide for international buyers
Before taking the step, it is important to be clear about some basic points. Buying from abroad is not complicated, but it does require planning, advice and a realistic view of the process.
Understanding the legal and tax process in Spain
One of the first steps is to be well informed about the legal requirements. To buy in Spain it is necessary to obtain the NIE (Foreigner Identification Number), open a bank account and have legal advice to review contracts and documentation. It is not advisable to sign anything without having reviewed all the details.
For international buyers, a thorough understanding of taxes, tax implications and associated costs avoids surprises and allows for more confident decision-making. Despite the changes in recent years, the Spanish market remains open, stable and attractive.
At Myramar, as a long-standing property developer and builder in Malaga, we support international buyers before, during and after the transaction, offering clarity, security and transparency.
It is also important to be aware of the taxes associated with the purchase, such as VAT or Property Transfer Tax, as well as notary fees, registration costs and possible professional fees. Many international buyers particularly value transparency at this stage. Knowing exactly how much they are going to pay and why builds trust and avoids surprises.
Taxes depend on whether the property is new or second-hand, and on the buyer’s tax status.
VAT or ITP: the main tax depending on the type of property
For new builds, the buyer pays:
- VAT (10%) on the purchase price.
- Stamp duty (AJD): between 0.5% and 1.5%, depending on the autonomous community.
However, for second-hand properties, property transfer tax (ITP) is applied, varying between 6% and 10%, depending on the autonomous community.
Mandatory additional expenses
In addition to taxes, the buyer must anticipate:
- Notary fees
- Land Registry fees
- Administrative agency fees (if a bank is involved)
- Solicitor’s fees (their advice is highly recommended for international buyers)
The regulations have not changed substantially in 2026, but document control has been tightened: banks, notaries and advisors are asking for greater clarity on the origin of funds and tax residence.
Once the property has been purchased in Spain, we must take into account the following taxes:
- Property Tax (IBI): This is an annual municipal tax based on the cadastral value. It varies depending on the local council.
- Non-Resident Income Tax (IRNR): Applicable to those who are not tax residents in Spain (they do not spend more than 183 days a year there). For them: If they do not rent out the property: they pay tax on imputed income; if they rent out the property: they must pay tax on the income obtained. Tax residence is a key factor and is determined by objective criteria, not by visas or registration.
- Personal Income Tax (IRPF): Only applies to those who are tax residents in Spain. They must declare worldwide income, including income from abroad.
- Taxes when selling a property in Spain: When an international buyer decides to sell.
- Capital gains and 3% withholding: Non-resident sellers must pay capital gains tax through the IRNR. In addition, the buyer must withhold 3% of the price and pay it to the Tax Agency as an advance on the tax.
- Municipal capital gains tax: Municipal tax on the increase in land value. This is normally paid by the seller.
Relevant regulatory changes in 2026
This year we must take into account:
- Elimination of the Golden Visa: automatic residency through property investment no longer exists. However, foreigners can still purchase property without restrictions.
- Greater control for non-residents and non-EU citizens, especially in terms of financial documentation and source of funds, in accordance with anti-money laundering regulations.
Analyzing the location and potential for appreciation
Not all markets are the same. An international buyer usually studies the area very carefully before investing. They look for good connections to international airports, nearby services, security and quality of life. They also analyze the potential for appreciation and rental demand if their goal is to generate returns.
Coastal areas with high international demand, such as Málaga and its surroundings, usually offer stability and liquidity in the market. It is essential to compare prices per square meter, understand how the area has evolved in recent years and assess future infrastructure projects that could increase the value of the property.
Choosing homes adapted to the international profile
Foreign buyers usually have clear preferences: modern, energy-efficient homes with open spaces, large terraces and well-maintained communal areas. They also value security, functional design and proximity to golf courses, beaches or urban centers.
Another important aspect is post-purchase management. Many look for additional services such as rental management, maintenance or comprehensive advice. Having a team that supports them before, during and after the transaction makes a difference. Trust and clear communication are decisive factors in this type of transaction.
The best homes for international buyers
In this context, it is essential to have a company that truly understands this profile. In our case, at Myramar we are a construction and property development company in Málaga that works precisely with international clients’ demands in mind. We design modern homes, well located and adapted to a practical and comfortable lifestyle.
As a construction and property development company in Málaga, we take care of every detail of the process, from planning to final delivery. We focus on strategic locations, quality finishes and spaces designed to be enjoyed all year round.
We know that those who buy from abroad need security, clarity and guidance, and that is why we work closely and transparently on every project. Contact us.