Mortgages for Non-Residents in Spain: Conditions and Requirements in 2025
In 2025, non-resident mortgages remain a preferred solution for investing in Madrid, offering liquidity, security, and access to a booming real estate market.
An increasing number of international buyers are choosing Madrid as their investment and residential destination. With its stable real estate market, vibrant lifestyle, and exceptional quality of life, Spain’s capital has become a strategic choice for global investors. For many of them, the key lies in obtaining a mortgage for non-residents, a financial product that in 2025 remains an attractive way to purchase property in Spain while preserving liquidity.
What does non-resident mean?
In Spain, a non-resident is anyone who spends fewer than 183 days per year in the country and whose main economic interests are based abroad. This status determines not only the applicable taxation but also the conditions available when applying for a mortgage.
Mortgage conditions for non-residents in 2025
Spanish banks continue to offer financing for this buyer profile, though with specific conditions:
Loan-to-value ratio: typically between 60% and 70% of the property’s appraised value.
Terms: usually 20 to 25 years, compared to 30 years for residents.
Interest rates: dependent on the buyer’s profile, country of origin, and currency. In 2025, Spanish banks offer both fixed-rate and variable-rate mortgages, with competitive conditions aligned with the European market.
Currency: while most loans are issued in euros, some banks allow mortgages in foreign currencies such as US dollars or British pounds, depending on the buyer’s profile.
Requirements and documentation
International buyers must provide documents proving identity, solvency, and financial stability, including:
Passport and NIE (Foreigner Identification Number).
Proof of income such as payslips or tax returns.
Employment contract or certificate of employment.
Recent bank statements showing liquidity.
Debt report from the country of residence, if applicable.
Each bank may request additional documents depending on the buyer’s profile and origin.
Taxation and obligations
Non-residents with mortgages in Spain must consider their tax obligations. In addition to purchase-related taxes (ITP, VAT, AJD), they must pay the Non-Resident Income Tax (IRNR) annually, even if the property does not generate rental income.
The BARNES Madrid Advantage
Arranging a mortgage as a non-resident may seem complex, but with the right guidance it becomes a straightforward and secure process. At BARNES Madrid, we work with leading financial institutions that offer tailored products for international clients. Our multilingual team supports buyers through document preparation, condition negotiation, and coordination with banks and notaries.
Corner Apartment — Expansive Interiors & Wraparound Terrace on Paseo de la Castellana
Mortgages for non-residents in Spain in 2025 remain a key tool for international buyers looking to invest in Madrid with both flexibility and security. Understanding the conditions and requirements allows for well-informed decisions and ensures maximum benefit from opportunities in the luxury real estate market. With the expertise of BARNES Madrid, every acquisition becomes a seamless, discreet experience designed to maximize investment value in one of Europe’s most dynamic capitals.
