Can Foreigners Buy and Rent Property in Valencia?

If you're not a Spanish citizen but love the idea of owning a flat in Valencia — either as a future home or a rental investment — you're not alone.

Valencia has become one of the most attractive cities in Europe for international buyers, thanks to its lifestyle, affordability, and steady rental demand.

So, can foreigners buy and rent property in Spain?
Absolutely. But there are a few things you’ll need to prepare for.

What do you need to buy property in Spain as a foreigner?

1. A Spanish tax identification number (NIE)
This is required to complete any real estate purchase. You can request an NIE in person in Spain or through a Spanish consulate in your home country.

2. A Spanish bank account
To pay for the property, taxes, and utilities, you’ll need a local bank account. Some banks cater specifically to non-resident clients.

3. Proof of income and funds
If you're applying for a mortgage (even partially), Spanish banks may ask for translated documents proving your income and employment.

Can you rent it out?

Yes — once you own the property, you’re legally allowed to rent it out. But the type of rental you choose matters.

Long-term rentals (more than 1 year):

• No license required

• Fewer legal restrictions

• Easier to manage from abroad

• Attracts stable tenants (locals, families, expats)

Short-term rentals (tourist stays under 30 days):

• Require a tourist license (which may not be available in some zones)

• Stricter legal and tax requirements

• May require a property manager if you don’t live nearby

• Higher potential income but more management

If you're not familiar with the local regulations, it's best to get guidance before deciding on a rental strategy.

Do foreigners pay extra taxes?

Not exactly — but there are some specific considerations:

• Property transfer tax (ITP) — same for residents and non-residents

• Annual property taxes (IBI and garbage collection) — apply to all owners

• Non-resident income tax — if you live outside Spain and earn rental income, you’ll need to declare it and pay taxes (typically quarterly)

If you plan to live in the property part-time, you’ll also need to pay imputed income tax on the months it’s vacant but available for use.

A local tax advisor can help you calculate your obligations and avoid surprises.

Do you need to be in Spain to complete the purchase?

No — many international buyers complete the entire process remotely using a power of attorney. This is especially helpful if you're buying as an investment and won’t live in the property immediately.

Final thought

Spain welcomes international buyers — and Valencia is one of the best places to invest if you're looking for livability, value, and growth potential.

Whether you're relocating, retiring, or investing from abroad, owning and renting out property in Valencia is very doable — with the right team on your side.

Need help navigating the buying process as a non-resident?
We support international buyers from start to finish — from NIE to notary to finding the perfect tenant.