The Spanish coastal property market is becoming increasingly attractive to Hungarian investors, offering not only excellent income potential but also lifestyle benefits. Many, however, are not looking to buy with cash, but with external financing, loans or even a mixed structure.
Fortunately, in 2025 there are more and more solutions available to successfully buy property in Spain with a Hungarian income. In this post, we present the most important options, conditions, credit institutions and practical information.
Basics: is it possible to get a loan in Spain as a foreigner?
Yes, you can. Spanish banks are active in offering mortgages to non-resident foreign customers - in fact, in recent years, international buyers have become a major target group in coastal regions (e.g. Costa del Sol, Costa Blanca).
There are two types of buyers in Spain:
- Resident - living in Spain for at least 183 days per year.
- Non-residents - those who do not live in Spain on a permanent basis (this includes most Hungarian investors).
Both groups can get credit, but the conditions are different.
Bank loans in Spain - non-resident
The most common option is to apply for a loan directly from a Spanish bank.
General conditions (for non-residents):
- Max financing: 60-70% of the value of the property.
- Term: 20-25 years (up to 30 years in some cases).
- Age limit: at the latest at the end of the term, the debtor must not be older than 75 years.
- Type of loan: EUR mortgage loan.
- Interest rates (in 2025):
- Fixed interest rate: 3,25-4,5
- Variable interest rate (Euribor + 1.5-2%) - currently around 3.8-4.5%
Hungarian income accepted:
Spanish banks will accept Hungarian income, but detailed documentation is required:
- 3-6 monthly bank statements.
- Employer's certificate in English/Spanish
- Income certificate from NAV
- English and Spanish (in Spanish and Spanish)
- Stable, verified employment or entrepreneurial background
Banks usually allow up to 30-35% of your net income to be used for repayments - they also take into account your other loans and debts.
Popular Spanish banks that also lend to foreigners:
- Banco Sabadell
- CaixaBank
- Bankinter
- BBVA
- UCI (Unión de Créditos Inmobiliarios) - specialised in foreigners
Example calculation - Spanish loan with Hungarian income
Let's say you want to buy a beach apartment worth €250 000.
- 30% down payment: € 75 000
- Loan amount: € 175 000
- Term: 25 years
- Fixed interest: 4%
- Monthly repayment: around € 925-975
(may vary depending on interest rate, insurance packages)
Net monthly income requirement: approx. €2 800-3 200
(this can be in HUF, but will be converted at current exchange rate)
Purchase with Hungarian financing (home loan or mortgage)
This is less common, but is possible in some schemes:
Hungarian bank mortgage - on domestic property collateral
If you own property in Hungary:
- You can take out a free mortgage loan in HUF
- If you have a Hungarian property in Hungary, you can use a mortgage to buy a property in Hungary
Advantages: faster processing, familiar environment, domestic bank
Disadvantages: currency risk, higher interest rate (e.g. 6-8% in HUF), not EUR-based
Private financiers, financial advisors
Some independent Hungarian consultants (or international companies) offer schemes where they mediate Spanish banking contactsfor Hungarian clients, help with documentation, credit verification, so that the borrowing process can be smoother.
Debt - how much are you sure to pay?
The amount of own contribution is usually:
- 30-40% of the property price (on a non-resident basis).
- You should also take into account the purchase costs:
- Taxes on the purchase price (ITP or VAT): 7-10%
- Lawyer, notary, land registry fees: 2-3%
- Bank fees (valuation, loan origination): approx. 1-1.5%
So, to buy an apartment worth €250 000, you need a total of about €100-110 000 of your own resources, including the excess and additional costs.
Loan for rental property - is it worth it?
If you are buying for investment purposes (not for your own use), Spanish banks generally do not discriminate against this, but:
- They will check whether your income can support the loan repayments regardless of your rental income
- If the letting is done by local management, this can lead to an even more favourable assessment
Some banks will even take into account the expected rental yield if it can be verified by a contract (e.g. based on a prior offer from a long-term tenant or a rental company).
Tips and advice for Hungarian buyers
What to look out for when borrowing?
- Don't go it alone: have a Spanish property expert and a lawyer
- Have your documents translated (English or Spanish) - an official translation may be necessary
- Get a preliminary credit assessment before choosing a property
- Pay attention to the interest rate structure: variable interest may be cheaper now, but unpredictable in the long run
Why buy with credit?
- You can enter the marketwith a small initial capital
- Rental income often covers the loan repayments
- You can protect yourself against a weakening forintwith EUR-based assets
- As a leveraged investment you can realise a higher return on capital appreciation
Summary - Buying with Hungarian income in Spain
Buying property in Spain with Hungarian income is perfectly realistic in 2025. The way to do it:
- Choosing the right bank - one that also serves foreigners
- Preparing full documentation - based on Hungarian income
- Securing adequate equity - usually at least 30%
- Conscious management of interest rates and maturity
- Legal adviser and consultant
Financing is no longer a barrier - the key is planning, transparency and competent support. If you need help with this, we can help you find the right bank, loan type and property - so you can get a real return on your investment and even enjoy the Spanish sunshine.
Want to buy in Spain on credit but don't know where to start? Ask us for advice - we'll put you in touch with the right experts, help you pre-qualify with a bank and guide you through the process of getting your first property in Spain!