Why are so many Americans moving to Spain? What does the Spanish dream offer beyond its American counterpart?
Spain, with its picturesque landscapes, rich history, and warm hospitality, is beckoning an increasing number of Americans to its shores. From those seeking a Mediterranean lifestyle to remote workers craving sun-kissed inspiration, it's allure is undeniable. Let's delve into the rising trend of Americans making Spain their new home.
The Spanish sway: Numbers on the rise
As Spanish enchantment sweeps across the Atlantic, the General Council of Notaries in Spain reports a remarkable 13% increase in Americans living there from 2019 to 2021. Home sales to Americans have soared by an impressive 88% between the first half of 2019 and the first half of 2022. Americans rank second among expats for purchasing real estate in Spain, trailing only the Danes, indicating a fervent fascination with the country's offerings.
Real estate and relocation considerations
Pursuing the Spanish dream demands thorough preparation and a comprehensive understanding of the financial landscape. Property taxes differ significantly from the U.S., with an upfront stamp duty payment rather than an annual property tax. Early engagement with local estate agents and property lawyers is crucial to navigate the purchase process smoothly.
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