Americans are flocking to Spain and buying pricey homes. New 'digital nomad visas' could make it even more popular.
A surge of Americans have moved to Spain over the last few years and are buying some of the country's most expensive property. that the General Council of Notaries in Spain found the number of Americans living in Spain increased by 13% between 2019 and 2021. The number of homes sold to Americans in Spain surged 88% between the first half of 2019 and the first half of 2022.
As a nationality, Americans are second only to the Danes in the amount they're paying for homes in Spain, with costs up to 2,837 euros — $3,119 — per square meter. Some of the most popular spots for American homebuyers in Spain are the regions of Navarre and Basque Country in the north and the capitol city of Madrid. The Mediterranean coastal city of Valencia is also a popular spot for Americans,Some of these Americans may be eligible for a"golden visa," which allows foreigners who spend at least 500,000 euros on a piece of real estate to live and work in the country.
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