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Kendrick Perry
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First Time Home Buying Abroad (Europe)

Kendrick Perry
Posted

Looking to buy my first home/ rental property in Spain (currently living and working here). Any suggestions or info on how to analyse financing for properties in Europe?

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Erwin Groenendijk
  • Investor
  • Barcelona & Valencia (Spain)
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Erwin Groenendijk
  • Investor
  • Barcelona & Valencia (Spain)
Replied

Hi Kendrick, you're making the right decision. 

As a non-resident you could get financing as easily as residents, the only thing that changes is that as a non-resident your first and second properties will be financed until 70% LTV. Residents like me will receive 80%.

You could speak to several mortgage brokers to get the best deal for your situation.

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