US Citizens Buy Property in Spain? Amer Popular Locations?

Many Americans are drawn to Spain because of its culture, scenery, and lifestyle, and some wish to return to the country regularly or choose to live there. Those who decide to do this will need to check what regulations they need to follow to buy property in Spain and decide which part of the country to search in to find their perfect villa for sale.

A Welcome for American Buyers

Spain encourages foreign investment in real estate more than other countries and recognizes that this can only help maintain and improve the national economy. For this reason, Americans are not restricted from buying property in Spain. This applies whether searching for a country Finca for sale in the Jalon, a townhouse in Javea, or an apartment for sale in Javea. This open policy makes Spain popular for Americans looking for a retirement or vacation home.

Requirements for American buyers

There are, of course, some necessary things that apply when buying a home, and the first of these in Spain is obtaining an NIE number, which is the national tax identification number for ex-pats and is essential for any monetary transactions made here. Secondly, you must open a Spanish bank account and check mortgage options, if required, or find the best and least expensive way to transfer funds from the USA. A company that can help with this might be Moneycorp; many Hamiltons of London clients have been very satisfied with their services. 

Real Estate Agent and Lawyer 

The expertise and local knowledge of a trustworthy Real Estate Agent is essential, and those Americans hoping to buy a villa in the Costa Blanca Hamiltons of London will happily help you choose the best location in the area for you and the most suitable property. They can also point you in the right direction for legal representation, which is essential when purchasing property to ensure that the title deeds, agreements, and contracts are all correct. Your lawyer will also be able to advise you on which fees and taxes will be payable when the transfer of ownership is made.

Choosing your location

It is important to choose the right location for you and your family before looking for an actual property and to consider the prices of your preferred area, including the daily cost of living. Are airports, public transport, etc., within easy reach to ensure that traveling to and from your new home won’t be a problem? Although trying to learn some Spanish is a good idea, this can take time, so you may want to consider an area where tourism is popular, and English is, therefore, widely spoken. Tourist areas are also more beneficial if you hope to rent your property out when you are not using it. However, this does not exclude you from finding a peaceful and relaxing villa for sale in Spain if you are not keen on a busier resort. 

Why choose the northern Costa Blanca?

The Marina Alta area of the Costa Blanca has a great mixture of nationalities, bustling coastal towns, peaceful inland villages, and mountain retreats. Getting here easily with regular flights to Valencia and Alicante airports is easy. There is something for every taste on this sunny Mediterranean coast, and this area is also less expensive than other parts of Spain. At Hamiltons of London, our experienced and friendly sales agents will be able to show you around the locations that they have made home and answer your questions so that you can become familiar with the towns and villages. Once you have chosen your preferred location and established your criteria and budget, you can select the properties you wish to view. Our sales team at Hamiltons will be able to suggest the most suitable properties for you. It can act as a property finder for you, liaising on your behalf and collaborating with other local real estate agents. This is particularly useful if you are out of Spain during your search. Once you have selected the properties for sale in the Costa Blanca that are most appealing to you, we can arrange viewings, which can also be done via video if you are not in Spain, to take advantage of all the great opportunities.

Conclusion

USA citizens are very welcome in Spain, making buying a property in the Costa Blanca fairly simple. There are many beautiful locations and styles of property for sale in the Marina Alta, making it a very popular place to find your home in Spain.