The Spanish government has officially approved the State Housing Plan 2026-2030 on 21th April 2026, allocating a historic budget of 7,000 million euros. This announcement, coupled with the ambitious expansion of the Mi Primera Vivienda program in the Comunidad de Madrid, has made many international clients wonder: is buying property in spain a good investment right now?
At Golden Partners, we monitor these legislative shifts to provide our clients with a competitive edge. Yesterday’s news are particularly relevant for those looking to relocate their legal residence to Madrid or invest in the burgeoning Spanish market.
Our team at Golden Partners provides comprehensive due diligence
and strategic tax planning for international investors.
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How to invest in property in Spain under the new Governments' plan
The plan approved yesterday by the council of ministers introduces several lines of action. If you are considering buying investment property in Spain, these updates are crucial:
Sustainable development grants
A large portion of the fund is dedicated to energy efficiency. Investors buying older properties to renovate and rent out can access significant subsidies.
Rural revitalisation
The government is offering over €10,800 in direct aid for buyers under 35 in towns with fewer than 10,000 residents. This creates a unique opportunity for those looking for long-term appreciation in up-and-coming areas.
Affordable rental incentives
The plan provides legal and financial security for owners who destine their properties to long-term affordable housing, including tax breaks and renovation funds of up to €35,000.
Taxes and obligations for non-resident investors
While the new housing plan offers opportunities, non-residents must understand their fiscal responsibilities. When buying investment property in spain, you will encounter:
- IRNR (non-resident income tax): A mandatory tax for those who do not live in spain. If you rent the property, the rate is generally 19% (for EU/EEA) or 24% (for others).
- IBI (property tax): An annual local tax based on the rateable value.
- Wealth tax: Applicable if your net assets in spain exceed certain thresholds (usually starting at €700,000).
The Community of Madrid advantage: 100% mortgages up to age 50
Beyond the national plan, the Comunidad de Madrid has introduced a game-changing update to its housing policy. The regional government has expanded the Mi Primera Vivienda program with extraordinary conditions that apply to those establishing their residency in the region:
- Higher price limits: The maximum price for homes eligible for these legal guarantees has been raised to €425,000.
- Extended age limit: Previously for youth, the plan now covers buyers up to 50 years old.
- 100% financing: Through agreements with major banks, the regional government provides guarantees so that solvent buyers can obtain mortgages covering up to 100% of the purchase price (or 95% depending on age brackets), reducing the need for massive initial savings.
Why trust Golden Partners with your investment?
In a market where regulations change overnight, your choice of counsel is paramount. At Golden Partners, we are proud to be recognized by Best Lawyers, a distinction that guarantees top-tier expertise in Spanish real estate law. We provide the legal security international investors need, ensuring every contract is a shield for your capital.
Frequently asked questions
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Is buying property in Spain a good investment in 2026?
Yes. Spain remains one of the top destinations for international capital due to its lifestyle, growing tourism sector, and the legal stability provided by plans like the one approved today. The combination of capital appreciation and rental demand makes it a robust choice.
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How to invest in property in Spain safely?
The safest way is to hire a specialized lawyer to perform a due diligence on the property. This ensures the house has no hidden debts, legal encumbrances, or zoning issues. At Golden Partners, we handle the entire process from the “nota simple” to the notary signing.
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Can I access Madrid's 100% mortgage plan as a foreigner?
Yes, provided you have legal residency in Spain and have been registered (empadronado) in the Comunidad de Madrid for the period required by the current call. You must also demonstrate financial solvency to the bank.
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Can I buy a house in Spain if I am not a resident?
Absolutely. You only need a NIE (foreigner identification number) and a Spanish bank account. However, to access the social grants of the 2026 plan (like the purchase aid for young people), you would need to establish legal residency first.
