Can You Buy Real Estate in a Foreign Country Without Residency? Here's What You Need to Know

Maybe you’ve dreamed of owning a beachside villa in Bali or a stylish apartment in Lisbon—but you’re not ready to relocate full-time. The good news? In many countries, you don’t have to live there to invest in real estate. In fact, global property markets are actively welcoming foreign buyers, even those without local residency.

This blog covers how you can legally purchase property in foreign countries without becoming a resident, the types of property you can own, and the important regulations to understand before signing a deal.

1. Is It Legal to Buy Property Abroad Without Residency?

Yes—in many countries, residency is not a requirement for property ownership. You can be a non-resident and still purchase residential, commercial, or even land in some regions. However, there are a few caveats:

• Some countries restrict land ownership to citizens or residents (e.g., Thailand, Indonesia)

• Others require purchases through special legal structures (e.g., fideicomiso in Mexico)

• Local financing might not be available unless you're a resident

The process is often open—but not always simple.

2. Countries Where Non-Residents Can Buy Property Easily in 2024

Here’s a list of top destinations where foreign non-residents can buy real estate with minimal restrictions:

Portugal

• Non-residents allowed? Yes

• Ownership type: Freehold

• Tax perks: NHR (non-habitual residency) still applies to some

• Bonus: Option to apply for Golden Visa (though criteria changed)

Spain

• Non-residents allowed? Yes

• Ownership type: Freehold

• Note: Income from rentals is taxed, even for non-residents

• Pro tip: Hire a gestor or local lawyer to manage documentation

Turkey

• Non-residents allowed? Yes

• Ownership type: Freehold

• Key advantage: Citizenship possible through property ($400K+)

• Easy process: Most buyers complete purchases remotely with legal representation

UAE (Dubai/Abu Dhabi)

• Non-residents allowed? Yes, in designated zones

• Ownership type: Freehold (in freehold areas), or leasehold

• Why it works: No property taxes, investor visas possible

Mexico

• Non-residents allowed? Yes, via fideicomiso (bank trust) in coastal/border areas

• Ownership type: Trust-managed ownership

• Low entry cost: Properties in Tulum, Playa del Carmen under $200K

Thailand

• Non-residents allowed? Yes (condos only)

• Ownership type: Freehold for condos, leasehold for land/houses

• Limit: Foreigners can own up to 49% of a condo building

Greece

• Non-residents allowed? Yes

• Ownership type: Freehold

• Residency optional: Buy property and apply for Golden Visa if desired

• Watch for: Increased demand has raised prices in Athens

Georgia

• Non-residents allowed? Yes

• Ownership type: Full ownership

• Tax-friendly: No taxes on foreign income, low property taxes

• Fast process: Purchase can be completed in days

3. Property Types Foreigners Can Buy

Foreigners may face property type restrictions depending on the country:

Always check if your ownership will be leasehold (temporary) or freehold (permanent, fully owned).

4. Legal & Financial Requirements for Non-Resident Buyers

Even when allowed, you’ll still need to navigate:

• Tax Identification Numbers (TIN)

Countries like Spain and Portugal require you to obtain a local tax number before purchase.

• Bank Accounts

Some jurisdictions require a local bank account to process transactions.

• Legal Representation

Hire a local lawyer or notary who understands real estate laws for foreigners. In places like Turkey or Mexico, this is critical.

• Financing Limitations

Foreigners may not be eligible for local mortgages or loans. Expect to pay in cash or via international transfer.

5. What About Taxes for Non-Residents?

While you may not live in the country, you might still owe taxes as a property owner:

• Rental Income Taxes: Applied in most countries

• Capital Gains Tax: On resale profits

• Annual Property Taxes: Often lower than in the U.S. or Western Europe

• Wealth or Inheritance Taxes: Vary widely (e.g., France vs. Georgia)

Pro tip: Always consult with an international tax advisor if you plan to generate income from the property.

6. Can Buying Property Lead to Residency or Citizenship?

Yes—in many countries, buying property as a non-resident can open the door to residency:

Residency is not required to buy—but buying can help you gain residency later.

7. Practical Tips for Buying Property as a Non-Resident

• Use Power of Attorney: If you can’t travel, your lawyer can handle the deal on your behalf

• Check Title Ownership: Especially in countries with unclear land rights

• Work With Reputable Developers or Agents: Avoid off-plan scams or overpriced foreigner-targeted deals

• Plan for Maintenance & Management: You won’t be there full-time—consider property managers

Conclusion: Global Real Estate is Open—Even If You’re Not a Local

In 2024, the idea that you need to be a resident to buy property is outdated. Whether you're a remote investor, digital nomad, or just someone looking for a second home, countries around the world are making it easier than ever to own real estate without relocation.

From Thailand to Turkey and Georgia to Greece, the opportunities are vast—but so are the rules. By understanding ownership laws, tax obligations, and legal steps, you can confidently buy property abroad—even if you have no plans to move (yet).