Can I get residency in Spain if I buy a house?

One of the most common questions among foreign investors and buyers is clear: can I obtain Spanish residency if I buy a property? The answer is yes, thanks to the residency-by-investment program, better known as the Golden Visa.

This article covers everything you need to know: from legal requirements to specific benefits and the step-by-step process. If you're thinking about buying property in Spain, this is for you.

Residency in Spain through property investment

Since 2013, Spain has allowed non-EU citizens to obtain a residence permit through real estate investment, as long as the investment equals or exceeds €500,000 and is free of liens or mortgages.

This initial residence permit is valid for two years and is easily renewable as long as the investment is maintained. You can apply from your home country or directly from Spain during a legal tourist stay.

What types of properties qualify?

• Residential properties (apartments, villas, houses, etc.)
• Commercial premises or garages, as long as the minimum investment is met
• It’s possible to combine several properties to reach the €500,000 threshold

This visa does not require permanent residence in Spain: one visit per year is enough to maintain it.

Benefits of the Spanish Golden Visa

This type of residency has become one of the most attractive routes to legally settle in Spain. Its advantages are numerous:

• Fast processing: approval within 20 working days
• Includes a work permit in Spain from day one
• Residency for the entire family: partner, underage children, and dependents
• Initial validity of 3 years, compared to 1 year for other permits
• Renewable without the need to live continuously in Spain
• Counts toward permanent residency (after 5 years) and nationality (after 10)
• Free movement within the Schengen Area

Main requirements

To qualify for this residency through property investment, you must meet the following criteria:

• Minimum investment of €500,000 in one or several properties
• Properties free of mortgages or liens (at least for that value)
• Land Registry certificate and notarized purchase deed
• Private health insurance with full coverage in Spain
• Clean criminal record certificate with no offenses in the past 5 years

All foreign documents must be properly legalized and translated into Spanish by a sworn translator.

Other valid investment options

In addition to real estate, the program allows other types of investments, though with higher thresholds:

• Purchase of shares in Spanish companies (minimum €1,000,000)
• Acquisition of Spanish government bonds or public debt (minimum €2,000,000)

What is the application process like?

The Golden Visa application process is divided into two stages: the visa or residence permit application, and obtaining the physical residence card (TIE).

Option 1: Apply from your country of origin

From outside Spain, you can visit the relevant consulate and apply for a real estate investment visa. Once granted (for one year), you can travel to Spain and convert it into a two-year residence permit.

Option 2: Apply directly from Spain

If you’re already in Spain (as a tourist, student, or on another visa), you can apply directly within the country. This is often faster and more convenient, as it shortens the waiting time.

Final steps: TIE and municipal registration

Once your application is approved, you’ll need to register with your local town hall and attend an appointment to submit your fingerprints. This step is required to receive your foreigner identity card (TIE), which confirms your legal residency.

Conclusion

Buying a home in Spain is more than just a property investment. It’s a gateway to a privileged lifestyle, new professional opportunities, and a stronger connection with Europe. The Golden Visa offers a direct, fast, and secure way to settle legally, enjoy the country, and travel freely across the Schengen Area.

At Luxinmo, we accompany you in every step of the process: from the search for premium properties to the legal and immigration management of your investment. Contact us today and take the first step towards your new life in Spain.