Yes, no restrictions at present; the government has proposed a 100% tax on (or ban for) non-EU non-resident buyers, not enacted.
Costs on top of the price
7.5-14% · New build: 10% IVA + 0.5-1.5% AJD stamp duty + notary 0.5-1% + legal 1-2%; resale: ITP transfer tax 6-11% instead of IVA/AJD.
Yearly property tax
IBI 0.4-1.1% of cadastral value (municipal), plus imputed income tax on unlet homes.
Tax on rental income
Non-residents: EU/EEA 19% on net income; non-EU 24% on gross with no deductions.
Holiday-rental yield
5-7% gross
What holiday rentals earn
Gross, Global Investments guide 2026 for Costa del Sol, Valencia, Canary Islands; realistic net 3-4.5% before tax. GPG long-term: national 5.51%, Alicante 6.80, Murcia 6.06, Malaga 4.97.
Long-term rent yield
4.7-6.8 (GPG Q3 2026, national 5.51)% gross
Holiday-rental rules
Regional tourist licence plus the national single rental registry number (mandatory since 1 Jul 2025); new tourist lets in apartment blocks need 3/5 owners' approval (since 3 Apr 2025).