How to Apply for a Mortgage in Spain as a Foreigner or Expatriate
Mortgages for foreigners or for Spaniards residing abroad have some differences compared to regular mortgages. For example, they allow financing up to 70% of the property, compared to 80% for regular loans, often have higher interest rates, and require a multitude of documents. However, this does not mean that these profiles cannot access bank financing to buy a house. Let’s review everything you need to know:
The second home market is gaining strength and putting tourist rentals on the rise
Según un informe, alrededor de un tercio de los usuarios estaría dispuesto a alquilar su nueva vivienda y gran parte lo haría para estancias cortas o vacacionales para evadir la Ley de Vivienda. Solo un 13% para largas estancias.
This is how new construction mortgages work
The buyer can choose to take out a mortgage for new construction from a bank or take over the mortgage from the real estate developer.
Mixed Mortgages Gaining Ground: The Trend in the Spanish Real Estate Market
Discover how mixed mortgages are offering financial stability and flexibility to home buyers in Spain.
