American's Guide to Buying Property in Spain

A growing number of Americans are discovering Spain's Costa Blanca as their European base — drawn by the favorable exchange rate, significantly lower cost of living, excellent healthcare, and Mediterranean lifestyle.

As a US citizen, there are specific considerations when purchasing Spanish property: you'll need a non-lucrative visa or digital nomad visa for stays exceeding 90 days, and you should understand FBAR (Foreign Bank Account Report) and FATCA (Foreign Account Tax Compliance Act) reporting requirements for foreign financial accounts.

The US-Spain tax treaty helps prevent double taxation, but US citizens are taxed on worldwide income regardless of residence.

You can't typically get a Spanish mortgage without EU income documentation, but many Americans purchase with cash or arrange US-based financing.

Spain's Golden Visa program (€500,000 minimum property investment) offers residency to non-EU nationals including Americans.

WOW-Estates has experience working with American buyers and can connect you with US-Spain tax specialists and immigration lawyers.