Spain's Digital Nomad Visa Boosts Andalucían Property Market
Spain's Digital Nomad Visa, introduced in 2023, has become a significant residency program attracting non-EU citizens who work remotely. This visa allows individuals to live and work in Spain while being employed by companies outside the country or operating as freelancers with international clients. Applicants must demonstrate stable income, remote employment, relevant experience, health insurance, and a clean criminal record. The program has notably impacted the property rental market in Andalucía, particularly in the Costa del Sol region, by increasing demand for medium-term accommodations. This shift is driven by digital nomads who prefer longer stays compared to traditional tourists, thus diversifying the rental market beyond seasonal tourism.