This request household Luxury grows in Spain despite rising interest rates. Although the current level of prices for any citizen is currently on the verge of a bubble. wealthy foreign residents and investors The cost of housing in Spain is more attractive than the rest of Europe due to both environmental and profitability prospects. This The Golden Visa is also another element to promote. buying a house by strangersbecause it is a way to get a residence permit in the EU and even Spanish citizenship.
Foreigners buying a house in Spain reached 88,000 operations last year, up 45%, according to data from the College of Registrars. But even though they make up a relatively small percentage (about 13%) of total transactions as a percentage, the reality is that the impact on the market is very strong. sock cloud the reality real estate market Spanish, because in parts of Spain, especially the Balearic Islands, parts of the Mediterranean coast, Madrid and Barcelona had very high rates of foreigners. A total of 8,975 sales operations in Spain were included in ‘Golden Visa’ sales, up 63% compared to the previous year. 34% of sales in the Balearic Islands to foreigners, 28.6% in the Canary Islands; 26.5% in Valencia Community… However, this rate exceeded 41% in Alicante.
IDBO Consultants, the consulting company tasked with mediating the procedures, is part of the ‘Golden Visa’. The right way to get Spanish citizenshipdrives the sale of luxury homes, for both the applicant and his wife and children, as these buyers do not need a mortgage. Part of the housing offer in Spain is tailored to this demand, which pays more in cash and often more than other Spanish nationals.
non-EU investors, Residence in Spain for two years, extendable to fiveand then apply for Spanish citizenship by residency, except that you have met the prerequisites for this final procedure.
The profile of each ‘Golden Visa’ applicant is diverse. There may be foreigners who are more interested in permission to stay in Spain or family reunification than in the investment itself.
incentives
Julia Alejandra Guzmán Serrano, legal expert on immigration, by Spain’s clients “” one of the safest countries Global and European level with a very favorable business environment for foreign investors as the Spanish economy has a diversified and solid infrastructure.” The ‘Golden Visa’ allows foreigners to legally reside in Spain and their continued residence benefits the Next application. for nationality by residence.
To receive this priority treatment by foreigners, it is necessary to travel to Spain once a year, preferably for at least one week. In addition, foreigners with this residence permit, Complete freedom within the Schengen area, to which most of the countries of the European Union belong. The maximum time from analysis to resolution is six months and does not need to be physically processed in Spain. Once this permit is obtained, assets can be made profitable and revalued, even by renting the property.
requirements
‘Golden Visa’ or the right to a residence visa requires the acquisition of real estate worth at least 500,000 eurosThrough investments in Spanish public debt securities of 2 million euros, shares or social subsidiaries of one million euros in Spanish equity companies, one million euros in mutual funds and one million euros in bank deposits in Spanish financial institutions.
Among the conditions for the ‘Golden Visa’ application, not to be a citizen of a European Union member country; be over 18 years old; no criminal record in the last five years, both in Spain and in the country of origin; have public or private health insurance; Demonstrate adequate financial means to support investors and family members, if requested; investing in Spain to buy real estate, buy shares or participations in Spanish companies; or in the purchase or possession of Spanish public debt.