SANDIN ABOGADOS’ Post

Between 2017 and 2024, U.S. citizens have increasingly invested in Spanish #properties. Data from 2022-2023 shows the increase rose by 25% . American buyers tend to focus on properties in popular coastal regions like the Balearic Islands, Canary Islands, and Valencia, as well as cultural hubs like Madrid and Barcelona. Larger #homes (100+ square meters) are particularly popular among U.S. buyers, reflecting higher purchasing power. They often acquire properties as secondary #residences, #investment opportunities, or vacation homes. The Spanish real estate market is particularly attractive to American buyers due to several compelling reasons: 1. Favorable Pricing Compared to U.S. Markets.Property prices in Spain,are often lower than in major U.S. cities. 2. Quality of Life offered by the Country with its Mediterranean climate, excellent healthcare system, renowned gastronomy, and relaxed lifestyle. 3. 3. Strategic Investment Opportunity given that Spain is a top tourist destination so properties provide lucrative short-term rental opportunities during all the year. 4. Remote Work and Telecommuting Options due to Spain’s infrastructure and lifestyle make it a popular choice for digital nomads 5. Strong Cultural and Expat Communities that offerAmericans a sense of belonging while living abroad. 6. Improved Connectivity. Every year direct flights between the U.S. and Spain increase making the country more accessible. 7. Tax Advantages: The tax rate applicable is 19% except for taxpayers are not residents in European Union State Member, Iceland or Norway. In this event, the tax rate applicable is 24% versus 40% applicable to locals; and Currency Strength of euro’s against dollar. For more information contact us #sandinabogados #realestate #propertyinvestment #secondresidency #construction #urbanplanning #tax #legal

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