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FactSpainGreece

foreigners can buyForeigners can generally buy Spanish real estate, subject to land category, defence/security-zone, planning and tax checks.Foreigners can generally acquire Greek real estate; special geographic restrictions require separate review. Designated frontier areas may require an additional permission process.

land allowedLand is not one universal rule: urban, rustic, agricultural, coastal and defence-zone categories require separate analysis.Land acquisition is conditional: ordinary title, planning and registration rules apply, and designated frontier areas may require the separate permission process.

typical total buying costUnder review — no verified valueUnder review — no verified value

annual property taxIBI is a municipal property tax; the amount depends on cadastral value, municipal rates and property characteristics.ENFIA is an annual, formula-based property tax; non-residents report property through E9 and are assessed under the applicable rules.

rental income tax nonresidentNon-resident rental income is Spanish-source IRNR income; applicable rates and deductible expenses depend on status and treaty rules.Greek-source property income of non-residents follows the current property-income framework subject to applicable tax-classification and treaty rules; the 2026 bands are progressive, not a flat rate.

short term rental allowedShort-term tourist rental is conditional on regional/municipal tourism rules, community-of-owners approval where applicable and current platform obligations.Short-term rental is permitted under a registration, declaration and tax framework, but the current Golden Visa Circular restricts sharing-economy short-term letting of qualifying permit properties; this does not prohibit Greek STR generally or long-term rental. The Golden Visa restriction is attached to the qualifying investor property and includes a stated transitional carve-out. Do not infer penalty amounts; the Circular supports non-renewal/revocation and administrative sanctions.

property based residency availableNew property-based investor residence applications are closed from 3 April 2025; legacy applications are date-scoped.Greece has an investor residence-permit route connected to qualifying property investment.

minimum property investment€500,000 belongs to the former investor route and must not be presented as a current new-application threshold.Current Golden Visa thresholds are €800,000 in the listed high-threshold areas and islands, €400,000 elsewhere, with separate €250,000 change-of-use and listed-building routes subject to their own conditions. The €400,000/€800,000 route concerns one property. The 120 m² test applies to main spaces of built/building-permit property; auxiliary spaces do not count toward 120 m² but may count toward investment value when purchased in the same contract/building. Unbuilt property does not use the 120 m² test. The €250,000 routes are not a general residential-purchase shortcut. For the change-of-use route, completion must be after 05.04.2024 and before the application; buyer or seller may complete it. For the listed-building route, full restoration/reconstruction is required before first renewal where applicable.

mortgages for nonresidentsNon-resident mortgage products exist but are lender- and borrower-specific.Non-resident mortgages exist as bank-specific products; availability and terms are not a national rule.

typical max ltvUnder review — no verified valueUnder review — no verified value

capital gains taxSale gains are taxed under the applicable resident or non-resident regime; no single universal rate is asserted.Individual capital-gains taxation on transfers of immovable property is currently suspended through 31 December 2026; the underlying framework is preserved and the 15% rate is not current while suspended.

inheritance taxInheritance and gift tax uses a national framework with important autonomous-community variation and non-resident filing rules.Inheritance tax applies; the rate and exemptions depend on the beneficiary relationship, value and current Property Tax Code rules.

typical transaction timeUnder review — no verified valueUnder review — no verified value

Verification note Each value is drawn from the same Country Passport service used by country and location pages. Conditional or missing values are not reduced to a score.