In view of the crackdown on foreigners driving in Spain with foreign plates on their vehicles, many foreigners are becoming interested in exactly what the requirements are in these cases and the procedure which needs to be followed.
It has become a fairly common practice in Spain for foreigners to move to Spain with their vehicle without carrying out the necessary registration in Spain and continuing to circulate with foreign plates. This, however, is illegal under Spanish law after a certain period has lapsed, and can result in steep fines for the driver caught doing so.
As we all know, the current economic situation in Europe, and the special vulnerability of the Spanish economic and housing market, make Spain a country with appealing potential for foreign investors wishing to acquire real estate here.
Climate, way of living, beaches, but above all affordable prices for those originating from abroad, encourage other European citizens to makes plans for their future here. At a time when accessing credit has become extremely complicated for Spanish nationals, the difficulties for foreigners in buying property in Spain are far fewer.