Today Spain is one of the most popular EU countries for obtaining a residency by investments. To participate in the Spain Golden Visa programme, an investor must invest more than 500 thousand euros in the state economy or residential property.
Residence in Spain gives many advantages to its residents: a comfortable Mediterranean climate allows you to enjoy the warmth throughout the year; social security that covers the costs of medical care and provides benefits to persons of retirement age; as well as the opportunity to visit any EU countries without restrictions, have accounts in EU banks and cross EU borders in case of restriction of tourist flow.
Golden Visa is an unofficial name for a special government programme that provides foreigners with a residence permit or permanent residence for investment in the country's economy.
Every year, Spain attracts residents of northern countries with its pleasant Mediterranean climate, beaches with fine sand, azure sea, seafood dishes, and wines from local wineries, as well as festivals and traditional holidays.
Spanish real estate has consistently been in high demand in the past few decades.
As of the beginning of 2023, the activity of Russian-speaking property buyers in various foreign countries has more than doubled compared to activity levels at the beginning of 2022.
The authorities of Turkey and Georgia reported a record number of real estate deals concluded by Russians in these countries during the 12 and 9 months of 2022, respectively. The high activity of buyers from Russia was noted by official sources from Thailand and Spain based on the data on registration of ownership rights in 2022.
Cross-border property investors ramped up to or surpassed the pre-COVID-19 level of activity in most countries by the end of 2021.
In Europe, no law prohibits foreign citizens from buying property but certain countries have put limitations on this right.
For those interested in buying property in the Iberian Peninsula, Tranio weighs the pros and cons of investing in Portugal vs. Spain.
Tranio conducted its eighth annual survey, analysing the investment and property purchasing patterns of Russian and CIS nationals abroad. The survey was primarily focussed on income property, looking at the top locations for investment, yield expectations, budgets, and preferred asset classes, as well as the general presence of Russian-speaking investors in local markets.
The world’s travel and tourism market is developing quickly, which in turn is fuelling demand for hotel services. Europe is the most visited continent and property investments in the region are on the rise, with Spain and Germany the most attractive countries.
The results of the Catalan referendum could not but affect the state of both the Catalonian and the Spanish real estate market as a whole. Experts and investors have made various forecasts. But, how have things turned out in the beginning of 2019?
Costa Blanca is the perfect resort destination for buyers with modest budgets. Two-bedroom flats cost an average €80,000 −150,000 on Spain’s ‘White Coast’.
Costa Blanca, the province of Alicante’s coastline, is one of Spain’s most popular destinations for tourists and international property investors alike.