Can I still get EU residency by buying property in Spain in 2025?

No. Spain cancelled its property Golden Visa in April 2025. The program that had allowed buyers who invested €500,000 or more in Spanish property to receive EU residence permits was terminated by the Spanish government citing housing market pressures. Existing Golden Visa holders retain their permits under the program's grandfathering provisions, but no new property-based Golden Visas are being issued. For Canadians specifically seeking EU residency through property investment, Greece is now the only major EU country with an active program (€250K–€800K depending on zone). Portugal closed its property Golden Visa route in October 2023. Spain's Non-Lucrative Visa remains available — it is income-based and does not require property investment, but it requires approximately €2,400/month (~$3,575 CAD) in passive income for a single applicant.

What is Spain's Non-Lucrative Visa and how does it compare to Portugal's D7 for Canadians?

Spain's Non-Lucrative Visa (Visado de Residencia No Lucrativa) is Spain's main retirement/passive income residence visa for non-EU citizens. It requires demonstrating approximately €2,400/month in passive income for a single applicant (approximately $3,575 CAD/month at current exchange rates) — plus approximately €600/month additional per dependent. Portugal's D7 Passive Income Visa requires approximately €920/month for a single applicant — roughly 2.6 times less income. Both programs require the applicant not to work in Spain/Portugal. Both lead to permanent residency with renewal. Portugal's D7 leads to Portuguese citizenship after 5 years; Spain's Non-Lucrative Visa leads to Spanish citizenship after 10 years of legal residency (with exceptions for Latin American nationals, which do not apply to Canadians). For most Canadian retirees on CPP and OAS (combined typically $1,500–$2,200/month), Portugal's D7 is far more accessible. Spain's Non-Lucrative Visa typically requires supplementing government pensions with investment returns, RRIF withdrawals, or rental income.

What is the best area in Spain for Canadians who want a beach retirement on a budget?

The Costa Blanca, specifically the southern section (Torrevieja, Orihuela Costa, Guardamar del Segura) in Alicante province, is Spain's most accessible coastal market for budget-conscious Canadian buyers. Entry prices for a 1-bedroom apartment near the beach start at €90,000–€120,000 USD — among the lowest prices on any developed European coastline. The Costa Blanca has 320 sunny days per year, a large British expat community (English-speaking services are extensive), and reasonable costs of living (a couple can retire on €2,000–€2,500/month including housing). The trade-off: the Costa Blanca attracts very heavy package holiday tourism and has less prestige than the Costa del Sol or Mallorca. The expat community is largely British, not Canadian — Canadian-specialist services are less available than in the Algarve. For buyers who prioritize the lowest entry price on a Mediterranean beach, with English-speaking infrastructure provided by the British expat community, the Costa Blanca's southern zone is the answer.

How do STR (short-term rental) regulations work in Spain's different regions?

STR regulations in Spain are set at the Autonomous Community (regional) level with municipalities having additional authority — making the landscape complex and highly variable. Barcelona has been the most aggressive in the EU in restricting STRs: the city has effectively frozen new tourist apartment licences and is not renewing many existing ones. The mayor of Barcelona has stated the intent to phase out tourist apartments in the city entirely by the end of existing licence terms. Madrid has tighter regulations in central districts. The Costa del Sol, Costa Blanca, and Canary Islands have more accessible STR licensing than mainland urban centres — tourism is the economic engine of these regions and the regional governments have been more permissive. Mallorca and Ibiza have tightened regulations significantly for residential properties. Canary Islands (Gran Canaria, Tenerife) have relatively accessible STR licensing outside protected zones. The practical advice for any Spanish STR purchase: verify current licensing status in the specific municipality before purchase, and never assume licensing availability based on pre-2023 information.

How does Spain's capital gains tax compare to Portugal's for Canadian buyers?

Spain's capital gains tax for non-residents is 19% on net gain for EU/EEA residents (Canada is not EU/EEA, so the rate may be 24% for pure non-residents — this depends on treaty application). Portugal's non-resident capital gains rate is 28%. In both cases, Canadian residents must also declare the gain on their Canadian T1 and pay Canadian capital gains tax, with a Foreign Tax Credit for local tax paid. Spain also charges Plusvalía Municipal — a municipal tax on the increase in land value, charged to the seller at sale. This is in addition to the income tax capital gain calculation and is non-creditable against Canadian taxes in the same way. Both countries' capital gains regimes are complex with primary residence, long-term holding, and reinvestment exemptions that may apply — consult a cross-border tax specialist before selling either Spanish or Portuguese property.

What are closing costs when buying property in Spain vs Portugal?

Spain's buyer closing costs are among the highest in Europe. The primary cost is ITP (Impuesto de Transmisiones Patrimoniales) — the property transfer tax, which varies by Autonomous Community: 6% in the Canary Islands and Navarra, 7% in Murcia, 8–10% in Andalucía (Costa del Sol), 10% in Catalonia (Barcelona), 11% in some regions. Add notary fees (~0.5–1%), land registry (~0.2–0.5%), and legal fees (1–1.5%). Total buyer closing costs in Spain typically range from 10–14% of the purchase price. Portugal's buyer closing costs run 6–10% (IMT 0–8% + 0.8% stamp duty + notary + registry + legal). Both are high by international standards; Spain is generally more expensive at comparable property prices due to higher transfer tax rates in popular regions like Andalucía and Catalonia. This is a meaningful consideration when comparing total acquisition costs.

Is the Canary Islands a good investment for Canadian buyers in 2025?

The Canary Islands are a compelling investment case specifically because of year-round tourism — temperatures of 20–28°C in all months produce a genuine 12-month STR rental season that no mainland European market can match. Tenerife (population 920,000) and Gran Canaria (850,000) have established infrastructure, international airports, English-speaking services, and diverse real estate from €150,000 studio apartments in secondary towns to €400,000+ oceanfront condos in prime resort areas. Lanzarote and Fuerteventura are smaller and more resort-oriented with higher concentrations of package holiday visitors. The Canary Islands are part of the EU but have a special VAT regime (IGIC at 7% vs EU standard). For Canadian buyers seeking rental yield from a warm-climate EU property, the Canary Islands' year-round seasonality is their most distinctive advantage. Entry prices are moderate by Spanish island standards — lower than Mallorca and Ibiza, higher than mainland Costa Blanca. The Non-Lucrative Visa applies fully.

What is Mallorca like for Canadian buyers and is it worth the higher prices?

Mallorca is Spain's most aspirational island market — a 3,640km² Mediterranean island that combines dramatic Serra de Tramuntana mountains (UNESCO World Heritage), crystal-clear coves (calas), world-class cycling and hiking, Palma's sophisticated capital city, and a premium European buyer market dominated by Germans, British, Scandinavians, and Spanish mainland buyers. Prices are high: 1-bed apartments in Palma from €250,000–€400,000; 2-bed in secondary towns from €200,000–€350,000; traditional Mallorcan finca estates with pool from €600,000 to several million euros. Canadian buyers are present but not dominant — the island's buyer profile skews northern European. For Canadians buying Mallorca, the lifestyle case is strong: extraordinary nature, sophisticated food and wine, excellent cycling infrastructure, and a culturally rich environment. The investment case is solid (island scarcity supports prices) but yields are lower than Canary Islands due to Mallorca's high prices and shorter effective peak rental season (June–September). The right choice for buyers who want a premium European island lifestyle and can afford the entry prices.

Can I still get EU residency by buying property in Spain in 2025?

No. Spain cancelled its property Golden Visa in April 2025. The program that had allowed buyers who invested €500,000 or more in Spanish property to receive EU residence permits was terminated by the Spanish government citing housing market pressures. Existing Golden Visa holders retain their permits under the program's grandfathering provisions, but no new property-based Golden Visas are being issued. For Canadians specifically seeking EU residency through property investment, Greece is now the only major EU country with an active program (€250K–€800K depending on zone). Portugal closed its property Golden Visa route in October 2023. Spain's Non-Lucrative Visa remains available — it is income-based and does not require property investment, but it requires approximately €2,400/month (~$3,575 CAD) in passive income for a single applicant.

What is Spain's Non-Lucrative Visa and how does it compare to Portugal's D7 for Canadians?

Spain's Non-Lucrative Visa (Visado de Residencia No Lucrativa) is Spain's main retirement/passive income residence visa for non-EU citizens. It requires demonstrating approximately €2,400/month in passive income for a single applicant (approximately $3,575 CAD/month at current exchange rates) — plus approximately €600/month additional per dependent. Portugal's D7 Passive Income Visa requires approximately €920/month for a single applicant — roughly 2.6 times less income. Both programs require the applicant not to work in Spain/Portugal. Both lead to permanent residency with renewal. Portugal's D7 leads to Portuguese citizenship after 5 years; Spain's Non-Lucrative Visa leads to Spanish citizenship after 10 years of legal residency (with exceptions for Latin American nationals, which do not apply to Canadians). For most Canadian retirees on CPP and OAS (combined typically $1,500–$2,200/month), Portugal's D7 is far more accessible. Spain's Non-Lucrative Visa typically requires supplementing government pensions with investment returns, RRIF withdrawals, or rental income.

What is the best area in Spain for Canadians who want a beach retirement on a budget?

The Costa Blanca, specifically the southern section (Torrevieja, Orihuela Costa, Guardamar del Segura) in Alicante province, is Spain's most accessible coastal market for budget-conscious Canadian buyers. Entry prices for a 1-bedroom apartment near the beach start at €90,000–€120,000 USD — among the lowest prices on any developed European coastline. The Costa Blanca has 320 sunny days per year, a large British expat community (English-speaking services are extensive), and reasonable costs of living (a couple can retire on €2,000–€2,500/month including housing). The trade-off: the Costa Blanca attracts very heavy package holiday tourism and has less prestige than the Costa del Sol or Mallorca. The expat community is largely British, not Canadian — Canadian-specialist services are less available than in the Algarve. For buyers who prioritize the lowest entry price on a Mediterranean beach, with English-speaking infrastructure provided by the British expat community, the Costa Blanca's southern zone is the answer.

How do STR (short-term rental) regulations work in Spain's different regions?

STR regulations in Spain are set at the Autonomous Community (regional) level with municipalities having additional authority — making the landscape complex and highly variable. Barcelona has been the most aggressive in the EU in restricting STRs: the city has effectively frozen new tourist apartment licences and is not renewing many existing ones. The mayor of Barcelona has stated the intent to phase out tourist apartments in the city entirely by the end of existing licence terms. Madrid has tighter regulations in central districts. The Costa del Sol, Costa Blanca, and Canary Islands have more accessible STR licensing than mainland urban centres — tourism is the economic engine of these regions and the regional governments have been more permissive. Mallorca and Ibiza have tightened regulations significantly for residential properties. Canary Islands (Gran Canaria, Tenerife) have relatively accessible STR licensing outside protected zones. The practical advice for any Spanish STR purchase: verify current licensing status in the specific municipality before purchase, and never assume licensing availability based on pre-2023 information.

How does Spain's capital gains tax compare to Portugal's for Canadian buyers?

Spain's capital gains tax for non-residents is 19% on net gain for EU/EEA residents (Canada is not EU/EEA, so the rate may be 24% for pure non-residents — this depends on treaty application). Portugal's non-resident capital gains rate is 28%. In both cases, Canadian residents must also declare the gain on their Canadian T1 and pay Canadian capital gains tax, with a Foreign Tax Credit for local tax paid. Spain also charges Plusvalía Municipal — a municipal tax on the increase in land value, charged to the seller at sale. This is in addition to the income tax capital gain calculation and is non-creditable against Canadian taxes in the same way. Both countries' capital gains regimes are complex with primary residence, long-term holding, and reinvestment exemptions that may apply — consult a cross-border tax specialist before selling either Spanish or Portuguese property.

What are closing costs when buying property in Spain vs Portugal?

Spain's buyer closing costs are among the highest in Europe. The primary cost is ITP (Impuesto de Transmisiones Patrimoniales) — the property transfer tax, which varies by Autonomous Community: 6% in the Canary Islands and Navarra, 7% in Murcia, 8–10% in Andalucía (Costa del Sol), 10% in Catalonia (Barcelona), 11% in some regions. Add notary fees (~0.5–1%), land registry (~0.2–0.5%), and legal fees (1–1.5%). Total buyer closing costs in Spain typically range from 10–14% of the purchase price. Portugal's buyer closing costs run 6–10% (IMT 0–8% + 0.8% stamp duty + notary + registry + legal). Both are high by international standards; Spain is generally more expensive at comparable property prices due to higher transfer tax rates in popular regions like Andalucía and Catalonia. This is a meaningful consideration when comparing total acquisition costs.

Is the Canary Islands a good investment for Canadian buyers in 2025?

The Canary Islands are a compelling investment case specifically because of year-round tourism — temperatures of 20–28°C in all months produce a genuine 12-month STR rental season that no mainland European market can match. Tenerife (population 920,000) and Gran Canaria (850,000) have established infrastructure, international airports, English-speaking services, and diverse real estate from €150,000 studio apartments in secondary towns to €400,000+ oceanfront condos in prime resort areas. Lanzarote and Fuerteventura are smaller and more resort-oriented with higher concentrations of package holiday visitors. The Canary Islands are part of the EU but have a special VAT regime (IGIC at 7% vs EU standard). For Canadian buyers seeking rental yield from a warm-climate EU property, the Canary Islands' year-round seasonality is their most distinctive advantage. Entry prices are moderate by Spanish island standards — lower than Mallorca and Ibiza, higher than mainland Costa Blanca. The Non-Lucrative Visa applies fully.

What is Mallorca like for Canadian buyers and is it worth the higher prices?

Mallorca is Spain's most aspirational island market — a 3,640km² Mediterranean island that combines dramatic Serra de Tramuntana mountains (UNESCO World Heritage), crystal-clear coves (calas), world-class cycling and hiking, Palma's sophisticated capital city, and a premium European buyer market dominated by Germans, British, Scandinavians, and Spanish mainland buyers. Prices are high: 1-bed apartments in Palma from €250,000–€400,000; 2-bed in secondary towns from €200,000–€350,000; traditional Mallorcan finca estates with pool from €600,000 to several million euros. Canadian buyers are present but not dominant — the island's buyer profile skews northern European. For Canadians buying Mallorca, the lifestyle case is strong: extraordinary nature, sophisticated food and wine, excellent cycling infrastructure, and a culturally rich environment. The investment case is solid (island scarcity supports prices) but yields are lower than Canary Islands due to Mallorca's high prices and shorter effective peak rental season (June–September). The right choice for buyers who want a premium European island lifestyle and can afford the entry prices.

Best Areas in Spain for Canadian Buyers 2025: Costa del Sol, Barcelona, Mallorca, Costa Blanca, Canary Islands

Reviewed on March 2026 by the Compass Abroad editorial team

Spain's five main regions for Canadian buyers serve distinct priorities. Costa del Sol leads for established English-speaking expat infrastructure and coastal retirement (Marbella, Málaga, Estepona). Barcelona leads for cosmopolitan urban living, cultural depth, and appreciation — though STR licences are effectively frozen in the city core. Mallorca leads for premium island lifestyle, luxury property, and Mediterranean beauty at high price points. Costa Blanca leads for budget beach retirement (entry from €90,000, 320 sunny days). Canary Islands lead for year-round warmth and STR income (the only Spanish region with a genuine 12-month rental season). Critical update: Spain cancelled its property Golden Visa in April 2025 — EU residency through Spanish property purchase is no longer possible.

Spain remains one of the world's most desirable real estate markets — beautiful country, excellent food and wine, EU access, and a well-established foreign buyer market. For Canadians, the key recent change is the Golden Visa cancellation. The Non-Lucrative Visa (income-based, ~€2,400/month) remains Spain's main retirement visa pathway but requires substantially more income than Portugal's D7.

Key Takeaways

Spain cancelled its property Golden Visa in April 2025 — the program that had attracted hundreds of thousands of foreign buyers with the promise of EU residency through property investment is closed. For Canadians seeking EU residency through Spanish property, the pathway no longer exists. Portugal and Greece are now the only remaining EU options.
Spain's Non-Lucrative Visa (Visado de Residencia No Lucrativa) remains available and is Spain's main retirement visa option. It requires approximately €2,400/month in passive income (€28,800/year) for a single applicant — higher than Portugal's D7 (~€920/month) but a legitimate pathway for Canadians with sufficient pension and investment income.
Costa del Sol (Marbella, Málaga, Estepona) is Spain's most established English-speaking expat coastal region — comparable to the Algarve but with higher prices in premium markets and more developed entertainment and social infrastructure. Entry prices from €180,000–€220,000 for a 1-bed in secondary Costa del Sol towns.
Barcelona is Spain's most cosmopolitan city and the second most international real estate market in Europe after London for foreign buyer activity. STR regulations are extremely tight — Barcelona has been aggressively restricting Airbnb and tourist apartment licences. Long-term rental is the viable income strategy in Barcelona.
Mallorca is Spain's premium island market — luxury at every price point, with property from €250,000 for a 1-bed in secondary towns to €5M+ for Mallorcan finca estates with sea views. The island attracts a particularly wealthy European buyer profile; Canadian buyers are present but less dominant than in the Costa del Sol.
The Costa Blanca (Alicante province, including Torrevieja, Calpe, Jávea, Denia) is Spain's most accessible coastal market for buyers on a budget — entry prices from €100,000–€150,000, good climate, and large British expat community that provides English-language service infrastructure.
The Canary Islands (Gran Canaria, Tenerife, Lanzarote, Fuerteventura) have year-round warmth — 20–28°C in all months — making them Spain's only truly year-round tropical tourism market. STR demand is year-round rather than seasonal, producing more stable rental income than mainland Spain's markets.
Spain's capital gains tax for non-residents is 19% on the net gain — lower than Portugal's 28%. Spain applies the Canada-Spain tax treaty which sets 15% withholding on pension income — the same as Canada's Mexico treaty, and worse than Portugal's 10%. No direct Canadian flights to Spain — all routes connect through European hubs.

Best Areas in Spain: Key Facts for Canadian Buyers

Spain Golden Visa status: CANCELLED — April 2025. No property-based Golden Visa available in Spain.(Spanish government / BOE 2025)
Spain Non-Lucrative Visa income: ~€2,400/month (~$3,575 CAD) for single applicant — higher than Portugal's D7(Spanish immigration regulations)
Capital gains tax (non-resident): 19% on net gain for EU/EEA residents; 24% for others — better than Portugal's 28%(IRNR (Spanish non-resident tax))
Canada-Spain tax treaty pension withholding: 15% on CPP, OAS, RRIF — same as Mexico; worse than Portugal's 10%(Canada-Spain Tax Treaty)
IBI (annual property tax): 0.4–1.3% of cadastral value/year — varies by municipality(Ley Reguladora de Haciendas Locales)
Plusvalía municipal (on sale): Municipal land value increment tax — charged to seller on top of capital gains(Spanish municipal tax law)
Closing costs (buyer): ITP transfer tax 6–11% (varies by region) + notary + registry + legal — typically 10–14% total(Spanish tax law by Autonomous Community)
Best entry price coastal market: Costa Blanca (Torrevieja): 1-bed from €90,000–€120,000(Market data 2025)
Most expensive Spanish region: Barcelona city centre and Mallorca prime locations: €5,000–€15,000+/m²(Market data 2025)
Direct flights from Canada: No direct flights — all routes via European hubs (London, Amsterdam, Frankfurt, Paris)(Airline schedules 2025)

Important: Spain's Golden Visa Was Cancelled in April 2025

If you are comparing Spain to Portugal, Greece, or other EU destinations based on Golden Visa eligibility — Spain is no longer an option. The Spanish government cancelled its property-based Golden Visa program in April 2025 citing housing market pressures. Portugal closed its property route in October 2023. Greece is now the only major EU country with an active property Golden Visa (€250K–€800K depending on zone). For EU residency through real estate, see the complete Golden Visa comparison for Canadians.

#1 Costa del Sol: Best for Expat Infrastructure and Coastal Retirement

The Costa del Sol — running 150km along Spain's Andalucían coast from Málaga to Gibraltar — is Spain's most developed English-speaking expat region. Comparable to the Algarve in English-language infrastructure depth, the Costa del Sol has 30+ years of British, northern European, and North American expat presence. Marbella is the premium hub: luxury villas, the Puerto Banús marina, an international social scene, and property prices from €350,000 for a mid-range 2-bedroom condo.

More accessible Costa del Sol towns — Torremolinos, Fuengirola, Nerja, and Estepona — offer 1-bed condos from €180,000–€220,000 with full English-language services: clinics, legal offices, accountants, and property managers with experience serving Canadian clients. The climate is exceptional: 300+ sunny days, warm summers (28–32°C), mild winters (14–18°C). Inland areas (Ronda, the Serranía de Ronda) add dramatic mountain scenery accessible by car.

Note: Costa del Sol STR licensing through Andalucía's regional framework (VRUT — Vivienda con Fines Turísticos) remains more accessible than Barcelona or Madrid, making the region relatively STR-friendly for rental investors. Gross yields of 4–6% are achievable in well-located properties with Andalucía registrations.

#2 Barcelona: Best for Cosmopolitan Urban Living

Barcelona is one of the world's great cities — Gaudí's La Sagrada Família, the Gothic Quarter, the Passeig de Gràcia, Camp Nou, an extraordinary food scene anchored by Michelin-starred restaurants and vibrant market culture, and 4.8km of city beaches on the Mediterranean. It is the second most popular European city among international real estate buyers after London.

For Canadian buyers, Barcelona's defining practical challenge is STR regulation. The City of Barcelona has effectively frozen new tourist apartment licences and is legislating toward eliminating them entirely — this is not a rumour or future risk, it is current policy actively being implemented. Buyers seeking short-term rental income in Barcelona should not count on an STR licence being accessible for a new property purchase. Long-term rental to Barcelona's enormous university student population and professional tenant base is viable — gross yields of 3–4%.

Barcelona property appreciation has been strong (15–25% over 2020–2024) and the structural demand from tech sector workers (Glovo, Seat, Estrella Damm, Criteo, King, Typeform, and hundreds of European startups are headquartered here) is durable. Entry prices: 1-bed in Gràcia or El Clot from €300,000–€400,000; 2-bed in Eixample (the premium grid neighbourhood) from €450,000–€700,000+.

#3 Mallorca: Best for Luxury Island Lifestyle

Mallorca attracts a premium international buyer profile — the island's combination of dramatic mountain scenery (Serra de Tramuntana), pristine Mediterranean coves, sophisticated Palma de Mallorca capital, world-class cycling infrastructure, and a developed luxury property market has made it one of Europe's most desirable addresses. Property prices reflect this: quality 2-bed apartments in Palma from €350,000–€550,000, traditional stone finca estates from €700,000–€3M+, and luxury villas with sea views from €1.5M to €8M+.

Mallorca's STR market generates strong high-season yields (June–September peak) but is seasonal — gross yields of 5–8% based on summer peak are achievable but off-season occupancy is very limited outside Palma city. The Balearic government has implemented tourist accommodation restrictions — new Mallorca and Ibiza holiday rental licences are extremely limited.

#4 Costa Blanca: Best Value Beach Market

The Costa Blanca (Alicante province) is Spain's most accessible coastal market. Southern Costa Blanca towns — Torrevieja (90,000 population, 25% foreign residents), Orihuela Costa, Los Montesinos — offer 1-bed apartments from €90,000–€130,000 near the beach. 320 sunny days per year (the most documented annual sunshine of any Spanish coastal province). A large British and northern European expat community provides extensive English-language services.

Northern Costa Blanca (Calpe, Jávea/Xàbia, Altea, Denia) is more upscale — higher cliffs, quieter beaches, more natural setting — with prices from €200,000–€450,000. The northern zone is more popular with German buyers; the southern zone skews British. Canadian buyers represent a smaller share of the Costa Blanca buyer base than in the Costa del Sol or the Portuguese Algarve.

#5 Canary Islands: Best for Year-Round Warmth and Rental Income

The Canary Islands sit off the northwest coast of Africa — 1,500km from mainland Spain — in a year-round sub-tropical climate. Temperatures hold at 20–28°C in all 12 months. This unique characteristic makes the Canary Islands the only Spanish market with a genuine year-round tourism season, producing rental income consistency that Mediterranean markets (seasonal June–September) cannot match.

Tenerife is the largest island and has the most diverse real estate market. Gran Canaria offers the best combination of city life (Las Palmas de Gran Canaria) and resort areas. Lanzarote and Fuerteventura are more resort-focused. Entry prices: 1-bed from €150,000 in secondary Tenerife towns; resort-area condos from €200,000–€350,000; luxury villas from €500,000+.

5-Region Comparison: Best Areas in Spain for Canadian Buyers

Spain regions comparison for Canadian buyers 2025 — 5 regions across 8 factors
Region	Entry Price	Best For	Climate	Non-Lucrative Visa	STR Yield	Appreciation	Safety/Infrastructure
Costa del Sol	€180K–€400K	Expat community, retirement	300+ sunny days; 22–30°C	★★★★☆ good services	4–6% gross (seasonal)	Moderate — mature market	★★★★☆ best expat infra
Barcelona	€300K–€800K+	Urban cosmopolitan, culture	290 sunny days; 24–29°C	★★★★☆ but expensive	3–4% (STR frozen)	★★★★☆ strong long-term	★★★★★ world-class city
Mallorca	€250K–€5M+	Luxury island, nature, golf	300 sunny days; 22–30°C	★★★☆☆ premium living costs	5–8% (high season peaks)	★★★★☆ island scarcity	★★★★★ premium island
Costa Blanca	€90K–€250K	Budget beach, retirement value	320 sunny days; 20–30°C	★★★☆☆ less infrastructure	3–5% gross	★★★☆☆ slower appreciation	★★★☆☆ adequate
Canary Islands	€150K–€400K	Year-round warmth, STR income	Year-round 20–28°C	★★★★☆	5–8% (year-round demand)	★★★★☆ growing	★★★★☆

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Best Areas in Spain for Canadian Buyers in 2025: Ranked and Compared