Buying Property on the Costa Blanca: A Practical Guide for US Buyers

The Costa Blanca, with its stunning Mediterranean coastline, charming villages and vibrant expat communities, is a top choice for American property buyers. From Jávea and Denia in the north to Ciudad Quesada and Torrevieja in the south, this region offers something for everyone. However, buying property in Spain requires careful planning, especially for US residents. This guide provides a practical roadmap covering visas, legal matters, currency exchange and financing.

Understanding Visas for American Buyers in Spain

Buying property in Spain doesn’t automatically grant residency, so understanding your visa options is essential.

Non-Lucrative Visa Options

The Non-Lucrative Visa is ideal for Americans who want to live in Spain without working. To qualify, you must demonstrate sufficient income or savings to support yourself and any dependents. This visa allows long-term residence, with renewal options every two years and permanent residence after five years, making it a popular choice for retirees and lifestyle buyers.

Digital Nomad Visa

The Digital Nomad Visa is designed for remote workers and freelancers who want to live in Spain while working for non-Spanish companies. You must be able to prove the work can be done online and demonstrate a work history with your employer/clients. There is a minimum earnings requirement for the visa holder, with additional amounts required for any dependent.The visa is granted for one year and is renewable up to five years. This visa comes with eligibility for a reduced tax rate.

Student Visa

To qualify for this visa you must be enrolled in a recognized educational program in Spain (university, language school, exchange program). You will need to show that you can cover living costs and have proof of tuition payment. The visa will be valid for the length of your study and can be extended if you move from studies into a job or internship.

Work Visa

For Americans with job offers in Spain, the Work Visa provides a pathway to residency. There are strict requirements on employers to only offer work if the role cannot be fulfilled by an EU citizen, therefore you are more likely to get this visa if you have a specialist skill or skills in a field with a shortage of workers. The visa is issued for one year and is renewable with continued employment.

Currency Exchange Tips and Strategies

When buying property in Spain, managing currency exchange between USD and EUR can significantly affect your overall costs.

Best Practices for Transferring US Dollars to Euros

Using specialized currency brokers instead of traditional banks can save money and improve exchange rates. Scheduling transfers during favorable market conditions and setting up regular transfers for phased property payments can also be advantageous.

Avoiding Hidden Fees and Maximizing Exchange Rates

Always compare fees, margins and transfer limits. Some brokers offer rate alerts, forward contracts and the ability to lock in exchange rates, ensuring that your budget remains predictable.

Legal Considerations When Buying in Spain

Navigating Spanish property law is crucial to a secure investment.

Finding a Reputable Spanish Lawyer

A qualified Spanish lawyer (abogado) can guide you through the purchase process, draft contracts, check property titles and handle notary requirements. Choose a lawyer experienced with foreign buyers, preferably one who speaks English fluently.

Understanding Spanish Property Laws

Spain has strict rules regarding property registration, deeds, and ownership rights. All purchases must be officially registered at the Land Registry (Registro de la Propiedad) to ensure legal protection.

Taxes and Fees for Foreign Buyers

Expect additional costs such as property transfer tax (ITP), VAT for new builds, notary and registration fees, and ongoing annual property taxes. These vary by region, so your lawyer will provide precise estimates for your chosen location.

Financing Your Costa Blanca Property

Whether buying outright or with a mortgage, careful financial planning is key.

Mortgages for Non-Residents

Spanish banks offer mortgages to non-residents, usually up to 60% of the property’s purchase price. Requirements include proof of income, credit history and a valid passport.

How Banks Assess US Buyers

Banks typically review savings, investment history and monthly obligations. Having a stable financial profile in the US helps demonstrate your reliability as a borrower.

Planning Your Budget and Costs

Beyond the property price, consider closing costs, legal fees, currency fluctuations, furnishing and ongoing maintenance. This ensures a realistic approach to long-term affordability.

Why Choose the Costa Blanca for Your American Investment

The Costa Blanca combines natural beauty, lifestyle amenities and solid investment potential.

Accessibility via Alicante and Valencia Airports

With Alicante and Valencia airports within easy reach, travel from the US is straightforward. Both offer direct flights from major American cities, making your property convenient for holidays or relocation.

Lifestyle, Community and Safety

The region offers world-class beaches, golf courses, cultural attractions, and thriving expat communities. Spain’s safety, healthcare quality, and family-friendly environment make it an ideal choice for American investors and retirees alike.

Purchasing property on the Costa Blanca is a rewarding investment, combining lifestyle benefits with long-term value. With careful planning around visas, legalities, currency, and financing, US buyers can confidently find their dream home in this Mediterranean paradise.

Why US Buyers Work with Lisa Frain Real Estate

At Lisa Frain Real Estate, we guide US buyers through every practical step of the property purchase process—from legal advice and currency exchange to mortgages and residency guidance. Our goal is to make your property purchase safe, simple, and enjoyable.

If you want to know more, why not schedule a call with one of our property and relocation experts. Use the contact form on the right of this page and put in the message US buyer wanting more information on buying in Spain, plus anything else you want to tell us. Let us have your phone number and email and we can arrange a good time for a call.

Investing in the Costa Blanca is more than buying a home; it’s securing a lifestyle, a holiday retreat, and a smart investment for the future.