Foreigners face no general restriction on buying residential property in Spain (unlike some EU states, there is no citizen-only ownership rule for standard urban property; only limited restrictions apply near military/border zones). Rental yields on prime urban assets in Madrid/Barcelona typically run 3.5-4.7% gross, while secondary nodes (smaller cities, coastal secondary markets) offer 5.2-6.2%. Seasonal Contracts (contratos de temporada) — leases tied to a defined non-permanent purpose such as remote work — have become a popular structure for digital-nomad tenants and sit outside standard LAU long-term tenancy protections. SOCIMI (Spain's REIT vehicle) benefits from a 0% corporate tax rate provided it distributes at least 80% of rental profits and 100% of capital gains from asset sales. Individual landlords renting long-term primary residences can reduce taxable rental income (IRPF) by 50% standard, rising to 70% for young tenants (18-35) in tensioned areas, or 90% where rent is reduced by at least 5% from the prior contract in a Zona Tensionada.