Northern Spain - a paradise for property buyers

Northern Spain attracts foreign property buyers

In recent years, the Spanish property market has seen an interesting trend — more and more foreign buyers are turning their attention to the northern regions of the country. Traditionally popular, the south and the Mediterranean coast are beginning to give way to regions such as Galicia, Asturias, Cantabria and the Basque Country. Growing interest in the northern regions is observed among buyers from a wide range of countries. Recent years have shown a significant increase in activity from citizens of the Netherlands, Norway, Ireland, Germany and France. Such investors are often looking for property for their own residence, whether for a seasonal holiday or a permanent move. In addition, the demand for properties for subsequent rental has increased significantly. The moderate climate of the northern coast attracts renters from cooler European countries who are looking for a comfortable place for a long holiday.

What makes the north of Spain so attractive to foreign investors and home buyers:

• Picturesque nature and mild climate — unlike the arid south, the northern regions of Spain boast green hills, mountain ranges, numerous rivers and a picturesque Atlantic coast. There is a mild temperate climate without the sweltering summer heat. Many foreigners choose the north precisely because of its proximity to nature, environmental friendliness and the opportunity to enjoy moderately warm summers and mild winters. Ideal conditions for those who are tired of the noise of megacities and crave unity with nature.
• Affordable real estate prices — a weighty argument in favor of the northern provinces is more affordable housing prices compared to the promoted resorts of the south and east of the country. According to data for 2023, the average cost per square meter in the north is about 1,473 euros. This opens up wide investment opportunities even with a limited budget. Here you can still find excellent real estate options at reasonable prices, whether it is an apartment in the historic center of the city or a cozy house with an ocean view.
• Authentic atmosphere and rich culture are another reason why foreigners are increasingly choosing the north. Unlike the cosmopolitan resorts of the south, an authentic atmosphere still reigns here. Historical cities with rich architecture, traditional holidays and festivals, exquisite local cuisine — all this attracts those who want to get to know Spain from a new side. In addition, local residents are famous for their friendliness and tolerant attitude towards foreigners, which makes adaptation in a new country even more comfortable.
• Less tourist excitement — despite all its obvious advantages, the north of Spain cannot yet compare with the south in terms of the level of tourist influx. And for many real estate buyers, this is more of a plus than a minus. Here you can enjoy a measured life surrounded by stunning nature and colorful cities, without suffering from crowds of vacationers and the noise of crowded resorts. An ideal place for a quiet family life, remote work or a serene getaway from the hustle and bustle of the city.

The most popular locations in the north of Spain

If you are thinking about buying a property in the north, pay attention to these cities and regions:

1. San Sebastian and Bilbao (Basque Country) are recognized gastronomic and cultural centers, famous for their high quality of life.
2. Santander and Gijon (Cantabria and Asturias) are charming coastal cities with a rich history, cozy beaches and developed infrastructure.
3. Santiago de Compostela and A Coruña (Galicia) — the almonic capital of Spain and the largest port in the region, attracting with picturesque architecture and affordable housing prices.
4. Oviedo (Asturias) is an exquisite historical city surrounded by mountains, forests and thermal springs.

Of course, this is only a small part of the interesting locations. The northern coast of Spain is full of charming towns and villages, each unique in its own way.

The process of buying real estate in the north of Spain

If you have decided to buy real estate in the north of Spain, here are some tips to help make the process as smooth as possible:

1. Determine your budget and purchase goals — decide for yourself what kind of property you need (apartment, house, plot of land), in what location and for what purposes (permanent residence, seasonal holidays, investments).
2. Study the local real estate market — look through ads on specialized portals, read analytics and expert forecasts. This will help you better navigate the prices and understand what you can expect for your money.
3. Hire a reliable realtor — a good specialist will not only select suitable options, but will also help with legal issues, translation of documents and communication with local authorities.
4. Study the process of obtaining a residence permit — if you plan to spend a lot of time in Spain or move permanently, consider obtaining a residence permit. Buying real estate for a certain amount gives the right to the so-called «golden visa».
5. Conduct a thorough check of the property before buying — make sure there are no legal issues, debts and encumbrances. If necessary, order an independent assessment and technical expertise.

Following these recommendations and enlisting the support of professionals, you can find the perfect property in the north of Spain and make your dream come true.

According to experts, interest in the northern regions of the country will only grow. This is facilitated by the development of transport and social infrastructure, as well as the general trend to find more environmentally friendly and quiet places to live. In addition, in the north there are still enough land plots and properties with good potential for value growth. This makes local real estate attractive not only for personal residence, but also as a profitable investment. Among the most promising areas, it is worth noting environmental projects and new residential complexes that combine modern comfort and proximity to nature. There is also a growing demand for the reconstruction of historical buildings and their transformation into stylish apartments or boutique hotels.