{"id":2362,"date":"2026-06-10T08:11:00","date_gmt":"2026-06-10T06:11:00","guid":{"rendered":"https:\/\/loragaleva.com\/?p=2362"},"modified":"2026-04-09T17:52:35","modified_gmt":"2026-04-09T15:52:35","slug":"investing-real-estate-italy-spain-comparison","status":"publish","type":"post","link":"https:\/\/dev.loragaleva.com\/en\/investing-real-estate-italy-spain-comparison\/","title":{"rendered":"Italy vs Spain: where to invest in property and what really sets the two markets apart"},"content":{"rendered":"

These are the two markets where Lora Galeva operates. They\u2019re similar in some ways\u2014and very different in others. This is the comparison you only get from working in both.<\/em><\/p>\n

\"comprar<\/p>\n

Why comparing Italy and Spain makes sense<\/h2>\n

More and more buyers\u2014both domestic and international\u2014are considering Spain<\/span><\/span> and Italy<\/span><\/span> as parallel or sequential real estate investment options. Both countries share attractive fundamentals: strong tourism demand, areas with significant appreciation potential, high quality of life, and legal frameworks that\u2014when properly advised\u2014offer sufficient security.<\/p>\n

But the differences are meaningful. The purchase process is different. Taxation is different. Rental markets behave differently. And each market comes with its own specific risks.<\/p>\n

Returns: rental works differently in each country<\/h2>\n

In Spain, the long-term rental market is deep in major cities. Madrid<\/span><\/span> has structurally strong demand for residential rentals, which translates into very low vacancy rates in well-located properties.<\/p>\n

In Italy, the most attractive returns often come from short-term holiday rentals in tourist areas\u2014Tuscany, Puglia, the lakes, coastal regions\u2014where yields can be significantly higher than traditional residential lets. But this requires more active management, and short-term rental regulation has tightened in many areas in recent years.<\/p>\n

The buying process: differences that matter<\/h2>\n\n\n\n\n\n\n\n\n\n\n
Aspect<\/th>\nSpain<\/th>\nItaly<\/th>\n<\/tr>\n<\/thead>\n
Tax ID<\/td>\nNIE<\/td>\nCodice Fiscal<\/td>\n<\/tr>\n
Preliminary agreement<\/td>\nContrato de arras (5-10%)<\/td>\nCompromesso (10-30%)<\/td>\n<\/tr>\n
Role of the notary<\/td>\nFormalises the transaction<\/td>\nActive legal verification + due diligence<\/td>\n<\/tr>\n
Transfer tax (resale)<\/td>\nITP 6-10% (depending on region)<\/td>\nImposta di Registro 9% (or 2% for primary residence)<\/td>\n<\/tr>\n
Land registry<\/td>\nImmediate after signing<\/td>\nRequires post-completion registration<\/td>\n<\/tr>\n
Non-resident financing<\/td>\n\u00a0Typically 60-70% LTV<\/td>\n\u00a0Typically 50-60% LTV<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Market-specific risks<\/h2>\n

\u25c6 Spain<\/strong>
The main risk in Spain is regulatory uncertainty around rentals. The Housing Law and its regional developments have introduced rent caps in designated \u201cstressed areas\u201d in some cities. Madrid<\/span><\/span>, for now, has no such zones, which sets it apart from Barcelona<\/span><\/span> and Catalonia<\/span><\/span> more broadly.<\/p>\n

\u25c6 Italy<\/strong>
In Italy, the main risk for international buyers is process complexity and market opacity in certain areas. The historical practice of declaring a lower value than the real purchase price can have tax and legal implications that need to be clearly understood beforehand. Market fragmentation is also key: differences between cities and regions are significant.<\/p>\n

Spain or Italy? It depends on your objective<\/h2>\n

If you\u2019re looking for liquidity, a consolidated market, and stable long-term rental income \u2192 Madrid is more predictable.<\/p>\n

If you\u2019re looking for lifestyle assets, strong intrinsic value, short-term rental potential, or lower entry prices with upside in emerging areas \u2192 Italy offers opportunities that Spain no longer does under the same conditions.<\/p>\n

Many of Lora Galeva\u2019s clients end up investing in both countries\u2014with different objectives in each market. They\u2019re not mutually exclusive.<\/p>\n","protected":false},"excerpt":{"rendered":"

These are the two markets where Lora Galeva operates. They\u2019re similar in some ways\u2014and very different in others. This is the comparison you only get from working in both. Why comparing Italy and Spain makes sense More and more buyers\u2014both domestic and international\u2014are considering Spain and Italy as parallel or sequential real estate investment options. […]<\/p>\n","protected":false},"author":1,"featured_media":2131,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_joinchat":[],"footnotes":""},"categories":[32],"tags":[],"class_list":["post-2362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nItaly vs Spain: where to invest in real estate<\/title>\n<meta name=\"description\" content=\"A real comparison between the property markets in Italy and Spain for investors: prices, returns, buying process, and risks in each market.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Italy vs Spain: where to invest in real estate\" \/>\n<meta property=\"og:description\" content=\"A real comparison between the property markets in Italy and Spain for investors: prices, returns, buying process, and risks in each market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev.loragaleva.com\/en\/investing-real-estate-italy-spain-comparison\/\" \/>\n<meta property=\"og:site_name\" content=\"Lora Galeva\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/lora.galeva\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-10T06:11:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dev.loragaleva.com\/wp-content\/uploads\/11-comprar-piso-directamente-a-propietario.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"475\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"loragaleva\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@loragaleva\" \/>\n<meta name=\"twitter:site\" content=\"@loragaleva\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"loragaleva\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":[\"Article\",\"BlogPosting\"],\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/investing-real-estate-italy-spain-comparison\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/investing-real-estate-italy-spain-comparison\\\/\"},\"author\":{\"name\":\"loragaleva\",\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/#\\\/schema\\\/person\\\/e9b330e69ce60404db2949df9692ecbf\"},\"headline\":\"Italy vs Spain: where to invest in property and what really sets the two markets apart\",\"datePublished\":\"2026-06-10T06:11:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/investing-real-estate-italy-spain-comparison\\\/\"},\"wordCount\":465,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/investing-real-estate-italy-spain-comparison\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/dev.loragaleva.com\\\/wp-content\\\/uploads\\\/11-comprar-piso-directamente-a-propietario.png\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/investing-real-estate-italy-spain-comparison\\\/#respond\"]}]},{\"@type\":[\"WebPage\",\"ItemPage\"],\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/investing-real-estate-italy-spain-comparison\\\/\",\"url\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/investing-real-estate-italy-spain-comparison\\\/\",\"name\":\"Italy vs Spain: where to invest in real estate\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/investing-real-estate-italy-spain-comparison\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/investing-real-estate-italy-spain-comparison\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/dev.loragaleva.com\\\/wp-content\\\/uploads\\\/11-comprar-piso-directamente-a-propietario.png\",\"datePublished\":\"2026-06-10T06:11:00+00:00\",\"description\":\"A real comparison between the property markets in Italy and Spain for investors: prices, returns, buying process, and risks in each market.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/investing-real-estate-italy-spain-comparison\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/investing-real-estate-italy-spain-comparison\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/investing-real-estate-italy-spain-comparison\\\/#primaryimage\",\"url\":\"https:\\\/\\\/dev.loragaleva.com\\\/wp-content\\\/uploads\\\/11-comprar-piso-directamente-a-propietario.png\",\"contentUrl\":\"https:\\\/\\\/dev.loragaleva.com\\\/wp-content\\\/uploads\\\/11-comprar-piso-directamente-a-propietario.png\",\"width\":1600,\"height\":475,\"caption\":\"comprar piso directamente a propietario\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/investing-real-estate-italy-spain-comparison\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Italy vs Spain: where to invest in property and what really sets the two markets apart\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/\",\"name\":\"Lora Galeva\",\"description\":\"Personal Shopper Inmobiliario\",\"publisher\":{\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/#organization\",\"name\":\"Lora Galeva\",\"url\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/dev.loragaleva.com\\\/wp-content\\\/uploads\\\/logo-lora-galeva-n-400px.png\",\"contentUrl\":\"https:\\\/\\\/dev.loragaleva.com\\\/wp-content\\\/uploads\\\/logo-lora-galeva-n-400px.png\",\"width\":400,\"height\":175,\"caption\":\"Lora Galeva\"},\"image\":{\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/lora.galeva\",\"https:\\\/\\\/x.com\\\/loragaleva\",\"https:\\\/\\\/www.instagram.com\\\/loragaleva\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/lora-galeva-437a71b7\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UC-ucURZJq6vCF1VhWIPqM8A\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/dev.loragaleva.com\\\/en\\\/#\\\/schema\\\/person\\\/e9b330e69ce60404db2949df9692ecbf\",\"name\":\"loragaleva\",\"sameAs\":[\"https:\\\/\\\/dev.loragaleva.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Italy vs Spain: where to invest in real estate","description":"A real comparison between the property markets in Italy and Spain for investors: prices, returns, buying process, and risks in each market.","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Italy vs Spain: where to invest in real estate","og_description":"A real comparison between the property markets in Italy and Spain for investors: prices, returns, buying process, and risks in each market.","og_url":"https:\/\/dev.loragaleva.com\/en\/investing-real-estate-italy-spain-comparison\/","og_site_name":"Lora Galeva","article_publisher":"https:\/\/www.facebook.com\/lora.galeva","article_published_time":"2026-06-10T06:11:00+00:00","og_image":[{"width":1600,"height":475,"url":"https:\/\/dev.loragaleva.com\/wp-content\/uploads\/11-comprar-piso-directamente-a-propietario.png","type":"image\/png"}],"author":"loragaleva","twitter_card":"summary_large_image","twitter_creator":"@loragaleva","twitter_site":"@loragaleva","twitter_misc":{"Written by":"loragaleva","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":["Article","BlogPosting"],"@id":"https:\/\/dev.loragaleva.com\/en\/investing-real-estate-italy-spain-comparison\/#article","isPartOf":{"@id":"https:\/\/dev.loragaleva.com\/en\/investing-real-estate-italy-spain-comparison\/"},"author":{"name":"loragaleva","@id":"https:\/\/dev.loragaleva.com\/en\/#\/schema\/person\/e9b330e69ce60404db2949df9692ecbf"},"headline":"Italy vs Spain: where to invest in property and what really sets the two markets apart","datePublished":"2026-06-10T06:11:00+00:00","mainEntityOfPage":{"@id":"https:\/\/dev.loragaleva.com\/en\/investing-real-estate-italy-spain-comparison\/"},"wordCount":465,"commentCount":0,"publisher":{"@id":"https:\/\/dev.loragaleva.com\/en\/#organization"},"image":{"@id":"https:\/\/dev.loragaleva.com\/en\/investing-real-estate-italy-spain-comparison\/#primaryimage"},"thumbnailUrl":"https:\/\/dev.loragaleva.com\/wp-content\/uploads\/11-comprar-piso-directamente-a-propietario.png","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/dev.loragaleva.com\/en\/investing-real-estate-italy-spain-comparison\/#respond"]}]},{"@type":["WebPage","ItemPage"],"@id":"https:\/\/dev.loragaleva.com\/en\/investing-real-estate-italy-spain-comparison\/","url":"https:\/\/dev.loragaleva.com\/en\/investing-real-estate-italy-spain-comparison\/","name":"Italy vs Spain: where to invest in real estate","isPartOf":{"@id":"https:\/\/dev.loragaleva.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dev.loragaleva.com\/en\/investing-real-estate-italy-spain-comparison\/#primaryimage"},"image":{"@id":"https:\/\/dev.loragaleva.com\/en\/investing-real-estate-italy-spain-comparison\/#primaryimage"},"thumbnailUrl":"https:\/\/dev.loragaleva.com\/wp-content\/uploads\/11-comprar-piso-directamente-a-propietario.png","datePublished":"2026-06-10T06:11:00+00:00","description":"A real comparison between the property markets in Italy and Spain for investors: prices, returns, buying process, and risks in each market.","breadcrumb":{"@id":"https:\/\/dev.loragaleva.com\/en\/investing-real-estate-italy-spain-comparison\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dev.loragaleva.com\/en\/investing-real-estate-italy-spain-comparison\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dev.loragaleva.com\/en\/investing-real-estate-italy-spain-comparison\/#primaryimage","url":"https:\/\/dev.loragaleva.com\/wp-content\/uploads\/11-comprar-piso-directamente-a-propietario.png","contentUrl":"https:\/\/dev.loragaleva.com\/wp-content\/uploads\/11-comprar-piso-directamente-a-propietario.png","width":1600,"height":475,"caption":"comprar piso directamente a propietario"},{"@type":"BreadcrumbList","@id":"https:\/\/dev.loragaleva.com\/en\/investing-real-estate-italy-spain-comparison\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/dev.loragaleva.com\/en\/"},{"@type":"ListItem","position":2,"name":"Italy vs Spain: where to invest in property and what really sets the two markets apart"}]},{"@type":"WebSite","@id":"https:\/\/dev.loragaleva.com\/en\/#website","url":"https:\/\/dev.loragaleva.com\/en\/","name":"Lora Galeva","description":"Personal Shopper Inmobiliario","publisher":{"@id":"https:\/\/dev.loragaleva.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dev.loragaleva.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/dev.loragaleva.com\/en\/#organization","name":"Lora Galeva","url":"https:\/\/dev.loragaleva.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dev.loragaleva.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/dev.loragaleva.com\/wp-content\/uploads\/logo-lora-galeva-n-400px.png","contentUrl":"https:\/\/dev.loragaleva.com\/wp-content\/uploads\/logo-lora-galeva-n-400px.png","width":400,"height":175,"caption":"Lora Galeva"},"image":{"@id":"https:\/\/dev.loragaleva.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/lora.galeva","https:\/\/x.com\/loragaleva","https:\/\/www.instagram.com\/loragaleva\/","https:\/\/www.linkedin.com\/in\/lora-galeva-437a71b7","https:\/\/www.youtube.com\/channel\/UC-ucURZJq6vCF1VhWIPqM8A"]},{"@type":"Person","@id":"https:\/\/dev.loragaleva.com\/en\/#\/schema\/person\/e9b330e69ce60404db2949df9692ecbf","name":"loragaleva","sameAs":["https:\/\/dev.loragaleva.com"]}]}},"_links":{"self":[{"href":"https:\/\/dev.loragaleva.com\/en\/wp-json\/wp\/v2\/posts\/2362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.loragaleva.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.loragaleva.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.loragaleva.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.loragaleva.com\/en\/wp-json\/wp\/v2\/comments?post=2362"}],"version-history":[{"count":1,"href":"https:\/\/dev.loragaleva.com\/en\/wp-json\/wp\/v2\/posts\/2362\/revisions"}],"predecessor-version":[{"id":2431,"href":"https:\/\/dev.loragaleva.com\/en\/wp-json\/wp\/v2\/posts\/2362\/revisions\/2431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.loragaleva.com\/en\/wp-json\/wp\/v2\/media\/2131"}],"wp:attachment":[{"href":"https:\/\/dev.loragaleva.com\/en\/wp-json\/wp\/v2\/media?parent=2362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.loragaleva.com\/en\/wp-json\/wp\/v2\/categories?post=2362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.loragaleva.com\/en\/wp-json\/wp\/v2\/tags?post=2362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}