Scandinavians in Spain: a growing community
The Scandinavian community in Spain is one of the fastest growing. An estimated 200,000 Scandinavians own property in Spain, with the Costa Blanca and Costa del Sol being the most popular regions.
The appeal is obvious: escaping dark, cold winters for guaranteed sunshine. Many Scandinavians split their time between home and Spain, typically spending October to April in the south.
Popular areas for Scandinavians
Costa Blanca (most popular)
- Alfaz del Pi / Albir: the unofficial Scandinavian capital of Spain, with Norwegian schools, Scandinavian shops and restaurants
- La Nucia: growing Scandinavian community with excellent sports facilities
- Calpe / Altea: popular with Swedish and Danish buyers
- Torrevieja area: more affordable, popular with Finnish and Norwegian buyers
Costa del Sol
- Fuengirola: large Finnish and Swedish community, Scandinavian school
- Marbella: upmarket Scandinavian buyers
- Nerja: quieter alternative, popular with Danish families
Tax considerations for Scandinavians
Norwegian buyers
- Norway has a double taxation agreement with Spain
- Spanish property must be declared on Norwegian tax returns
- Rental income taxable in both countries (with credit)
Swedish buyers
- Sweden has a double taxation agreement with Spain
- ISK accounts don't apply to foreign property
- Capital gains tax applies on sale in both countries
Danish buyers
- Denmark has a double taxation agreement with Spain
- Ejendomsværdiskat does not apply to foreign property since 2021
- Rental income declared on Danish tax return
Currency (NOK/SEK/DKK vs EUR)
For Norwegian and Swedish buyers, the exchange rate is a significant factor:
- NOK/EUR and SEK/EUR fluctuate more than DKK/EUR (which is pegged)
- Use a currency specialist for large transfers
- Consider locking in exchange rates when buying off-plan
Practical tips for Scandinavians
- Scandinavian lawyers: several Scandinavian law firms operate on the Spanish coasts
- Direct flights: Norwegian, SAS and Ryanair offer year-round flights to Alicante and Málaga
- Scandinavian schools: available in Alfaz del Pi and Fuengirola
- Healthcare: EU citizens can use the European Health Insurance Card
- Driving: Scandinavian driving licences are valid in Spain
- Community: join Scandinavian clubs and Facebook groups for local tips
Financing
Scandinavian buyers can typically get:
- Spanish mortgage: up to 70% LTV for non-residents
- Home country mortgage: some Scandinavian banks offer foreign property loans
- Cash purchase: common among Scandinavian buyers (40%+ pay cash)
Spain offers Scandinavians everything their home countries lack in winter: sunshine, warmth and an outdoor lifestyle. With strong Scandinavian communities already established, the transition is easier than ever.
Frequently asked questions
What new build projects are available in Costa Blanca?
Alistora offers an up-to-date overview of new build projects in Costa Blanca. Browse our listings for the latest projects with prices, features and photos.
What is the average price of new builds in Costa Blanca?
New build prices in Costa Blanca vary depending on the property type, location and amenities. Check our project pages for current pricing information.
Is Costa Blanca a good place to buy property?
Costa Blanca offers an attractive climate, good infrastructure and a growing property market. It is a popular destination for both permanent living and holiday homes.
How long does buying property in Spain take?
The purchase process in Spain typically takes 6 to 12 weeks after signing the reservation contract. For new builds, completion can take 12 to 24 months.
What costs should I expect when buying in Spain?
Expect approximately 10-13% additional costs on top of the purchase price, including transfer tax (ITP) or VAT (IVA), notary fees, registration fees and lawyer fees.
