Can foreigners buy property in Canary Islands?

Yes. There are no restrictions on buying property in Spain , whether it's commercial, residential or land. In fact, Spain encourages investment by foreigners, both resident and non-resident. You will require a financial number which can acquire by visiting a police station with your passport.

How do I buy a property in Canary Islands?

The process of buying a property in Spain usually runs as follows. First, the buyer makes an offer, usually through the seller's real estate agent. If this is accepted, then the buyer and seller sign a preliminary contract (contrato privado de compravento) and the buyer pays a deposit, typically 10% of the purchase price. Then the agent helps to organise property check and if there're no burdens or restrictions, a final sales contract is prepared.

Do I need a Spanish bank account to buy a property in Spain?

Yes. You will want a bank account in Spain once you have bought your Spanish property. This will enable you to set up direct debits and standing orders to pay for your utilities and bills .

Can I get a mortgage in Spain?

Yes. Although to get a mortgage in Spain you need NIE (Número de Identificación de Extranjeros). If you're in Spain, you can start the NIE application process at any local police station. Outside of Spain, the best way to apply for an NIE is to contact your local Spanish consulate.

What is a Spanish residence permit?

A long-term residence permit allows you to stay in Spain indefinitely, working or otherwise, under the same conditions as Spanish citizens. You can apply for Spanish nationality after 10 years of residence in Spain.

How do I get a residence permit in Spain?

Dedending on type (for students, for investors, etc.) you can obtain Spanish residence permit at Foreigner’s Office in Spain or at Spanish Consulate in your country of residence.

How long does it take to get residency in Spain?

The terms are based on the type of the residence (for students, for investors, etc.). Some of them can be obtained in less than one month.

Can I get residency in Spain if I buy property?

Yes. If you buy property in Spain you can get a Spanish residency permit, which allows you to live in Europe. The only challenge is the paperwork, and you must invest at least 500,000€.

How can I get permanent residency in Spain?

You can get permanent residency in Spain after 5 years of legal residence.

How long does it take to become a citizen in Spain?

The standard criteria for citizenship in Spain is 10 years of legal residence. There are reduced terms (1, 2 or 5 years) for residency based on naturalization, origin, option, etc.

Property for sale in Canary Islands, Spain

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Two-storey villa with two terraces, a pool, a patio and a garage, Costa Adeje, Spain for 1,075,000 €

With swimming pool

Two-storey villa with two terraces, a pool, a patio and a garage, Costa Adeje, Spain

1,075,000 €

£926,000

Total area 218 m²3 bedrooms3 bathrooms

Villa – Callao Salvaje, Canary Islands, Spain for 1,499,000 €

With swimming pool

Villa – Callao Salvaje, Canary Islands, Spain

1,499,000 €

£1,291,000

Total area 210 m²Land area: 600 m²4 bedrooms3 bathrooms

Off-plan property

New building in center of Barcelona with panoramic views, garden and pool

470,000 €

Estimated completion Q3 of 2018

Modern villa with a large terrace, swimming pool and ocean views in Callao Salvaje, Tenerife for 400,000 €

With swimming pool

Modern villa with a large terrace, swimming pool and ocean views in Callao Salvaje, Tenerife

400,000 €

£344,000

Total area 400 m²4 bedrooms3 bathrooms

Fully furnished villa with ocean views, a garden and a garage near the resort of Playa de las Americas, Tenerife for 378,000 €

With garden

Fully furnished villa with ocean views, a garden and a garage near the resort of Playa de las Americas, Tenerife

378,000 €

£325,000

1 bedroom3 bathrooms

Spacious furnished villa with a panoramic view of the ocean in a quiet area, Tenerife, Spain for 682,000 €

With swimming pool

Spacious furnished villa with a panoramic view of the ocean in a quiet area, Tenerife, Spain

682,000 €

£588,000

Total area 846 m²Land area: 111 m²5 bedrooms4 bathrooms

Villa – Santa Cruz de Tenerife, Canary Islands, Spain for 435,000 €

With swimming pool

Villa – Santa Cruz de Tenerife, Canary Islands, Spain

435,000 €

£375,000

3 bedrooms2 bathrooms

Discounted properties upon request

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Ksenia Kolesnikova,

Real Estate Expert

Townhome – Las Palmas de Gran Canaria, Canary Islands, Spain for 3,300,000 €

Townhome – Las Palmas de Gran Canaria, Canary Islands, Spain

3,300,000 €

£2,842,000

Total area 2,700 m²Land area: 955 m²20 bedrooms3 bathrooms

6 days ago

Two-storey designer villa with a pool and ocean views in Chayofa, Tenerife, Spain for 860,000 €

Two-storey designer villa with a pool and ocean views in Chayofa, Tenerife, Spain

860,000 €

£741,000

Total area 409 m²3 bedrooms3 bathrooms

2 months ago

Three-storey villa on the first line from the sea in Santa Ursula, Tenerife, Spain for 1,250,000 €

Three-storey villa on the first line from the sea in Santa Ursula, Tenerife, Spain

1,250,000 €

£1,076,000

Total area 343 m²4 bedrooms4 bathrooms

2 months ago

Three-storey villa with a pool and a garage in Roque del Conde, Tenerife, Spain for 1,290,000 €

Three-storey villa with a pool and a garage in Roque del Conde, Tenerife, Spain

1,290,000 €

£1,111,000

Total area 188 m²Land area: 522 m²4 bedrooms3 bathrooms

2 months ago

Three-storey villa with a pool, a garden and panoramic views in Roque del Conde, Tenerife, Spain for 995,000 €

Three-storey villa with a pool, a garden and panoramic views in Roque del Conde, Tenerife, Spain

995,000 €

£857,000

Total area 339 m²4 bedrooms5 bathrooms

Two-storey villa with an orchard and a vineyard in Vera de Erques, Canary Islands, Spain for 950,000 €

Two-storey villa with an orchard and a vineyard in Vera de Erques, Canary Islands, Spain

950,000 €

£818,000

Total area 400 m²Land area: 5,000 m²6 bedrooms3 bathrooms

Villa in a classic style with a pool in Costa Adeje, Tenerife, Spain for 1,499,000 €

Villa in a classic style with a pool in Costa Adeje, Tenerife, Spain

1,499,000 €

£1,291,000

Total area 160 m²Land area: 495 m²5 bedrooms5 bathrooms

Impressive villa with pools in Playa de las Américas, Tenerife, Spain for 4,000,000 €

Impressive villa with pools in Playa de las Américas, Tenerife, Spain

4,000,000 €

£3,444,000

Total area 882 m²Land area: 1,100 m²4 bedrooms5 bathrooms

Renovated two-storey townhouse in Chayofa, Tenerife, Spain for 299,000 €

Renovated two-storey townhouse in Chayofa, Tenerife, Spain

299,000 €

£257,000

Total area 166 m²3 bedrooms3 bathrooms

Furnished cottage with a garage, terraces and sea views in a residential complex with pools and a garden, La Quinta, Spain for 245,000 €

With swimming pool

Furnished cottage with a garage, terraces and sea views in a residential complex with pools and a garden, La Quinta, Spain

245,000 €

£211,000

Total area 130 m²2 bedrooms2 bathrooms

Two-bedroom apartment with stunning sea views in Callao Salvaje, Tenerife, Spain for 152,000 €

Two-bedroom apartment with stunning sea views in Callao Salvaje, Tenerife, Spain

152,000 €

£131,000

Total area 73 m²2 bedrooms1 bathroom

Three-storey villa with terraces, a pool, a jacuzzi, a solarium, a garage and a garden, Costa Adeje, Spain for 2,500,000 €

With swimming pool

Three-storey villa with terraces, a pool, a jacuzzi, a solarium, a garage and a garden, Costa Adeje, Spain

2,500,000 €

£2,153,000

Total area 365 m²6 bedrooms6 bathrooms

Duplex penthouse with terraces, a barbecue and a parking in a residential complex with a garden and pools, Playa de la Arena, Spain for 350,000 €

With balcony/terrace

Duplex penthouse with terraces, a barbecue and a parking in a residential complex with a garden and pools, Playa de la Arena, Spain

350,000 €

£301,000

Total area 162 m²3 bedrooms3 bathrooms

Luxury villa with spectacular views in Roque del Conde, Tenerife, Spain for 1,580,000 €

Luxury villa with spectacular views in Roque del Conde, Tenerife, Spain

1,580,000 €

£1,361,000

Total area 562 m²7 bedrooms9 bathrooms

Two-storey villa with terraces, a pool, a patio, a jacuzzi, a garage and a garden, Tacoronte, Spain for 985,000 €

With swimming pool

Two-storey villa with terraces, a pool, a patio, a jacuzzi, a garage and a garden, Tacoronte, Spain

985,000 €

£848,000

Total area 608 m²3 bedrooms3 bathrooms

Two-storey villa with panoramic sea and mountain views in Charco del Pino, Tenerife, Spain for 410,000 €

Two-storey villa with panoramic sea and mountain views in Charco del Pino, Tenerife, Spain

410,000 €

£353,000

Total area 140 m²Land area: 600 m²3 bedrooms3 bathrooms

Well-kept house with a garden and a garage in Costa del Silencio, Tenerife, Spain for 595,000 €

Well-kept house with a garden and a garage in Costa del Silencio, Tenerife, Spain

595,000 €

£512,000

Total area 165 m²Land area: 1,426 m²3 bedrooms3 bathrooms

Furnished villa with a private garden, a pool, a garage and terraces, Roque del Conde, Spain for 1,500,000 €

With swimming pool

Furnished villa with a private garden, a pool, a garage and terraces, Roque del Conde, Spain

1,500,000 €

£1,292,000

Total area 415 m²5 bedrooms5 bathrooms

Two-storey villa with panoramic views in Santa Ursula, Tenerife, Spain for 695,000 €

Two-storey villa with panoramic views in Santa Ursula, Tenerife, Spain

695,000 €

£598,000

Total area 237 m²3 bedrooms3 bathrooms

2 months ago

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Property for sale in Canary Islands

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FAQ about Canary Islands

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