American Expats Flocking to Spain

The number of Americans living in Spain increased by 13% between 2019 and 2021. Home sales to Americans also surged by 88% in the first half of 2022 compared to the first half of 2019. Among expat groups, Americans were the second-largest real estate investors in Spain, after the Danes, with an average price of up to $3,119 per square meter. Americans planning to buy property or live in Spain should be cautious of the financial implications, such as upfront property tax and value-added tax, and they should seek assistance from a financial advisor to manage tax obligations in both Spain and the U.S. effectively. Americans interested in living and working in Spain have visa options like the digital nomad visa for remote workers and the golden visa for property investments of over 500,000 euros, while retirees can consider nonlucrative visas for those with passive income.