Overseas property
Articles

Tranio case: buying an apartment in Madrid and obtaining Spain Golden Visa

28 views · Updated on
Spain
R.M. Nunes / Shutterstock

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.

The Spain Golden Visa allows you to obtain a residence permit in a short time and also offers many possibilities in Spain: the right to stay in the EU for an investor and all members of his family, the possibility to open European accounts and to use financial instruments of EU banks, the right to establish a business in Spain, the opportunity to obtain permanent residence and citizenship by naturalisation.

At the same time, unlike other Spanish residency programmes, Golden Visa does not oblige investors to become a tax resident and permanently reside in Spain, there is no need to confirm knowledge of language and cultural integration in order to extend a residence permit.

Property for sale in Spain 8,416 listings on Tranio
Four-bedroom renovated apartment just 20 m from the sea, Vilanova i la Geltru, Barcelona, Spain for 540,000 € 540,000 €
Four-bedroom renovated apartment just 20 m from the sea, Vilanova i la Geltru, Barcelona, Spain

Total area 171 m² 4 bedrooms

New four-bedroom penthouse in the center of Eixample, Barcelona, Spain for 1,796,000 € 1,796,000 €
New four-bedroom penthouse in the center of Eixample, Barcelona, Spain

Total area 175 m² 4 bedrooms

Exclusive new apartment in Les Corts area, Barcelona, Spain for 320,000 € 320,000 €
Exclusive new apartment in Les Corts area, Barcelona, Spain

Total area 58 m² 2 bedrooms

Apartment with a guaranteed income of 4% in Eixample, Barcelona, Spain for 800,000 € 800,000 €
Apartment with a guaranteed income of 4% in Eixample, Barcelona, Spain

Total area 90 m² 3 bedrooms

New apartment with a balcony and a parking space, Barcelona, Spain for 480,000 € 480,000 €
New apartment with a balcony and a parking space, Barcelona, Spain

Total area 102 m² 3 bedrooms

One-bedroom apartment with a terrace in a new residence with a swimming pool, Barcelona, Spain for 397,000 € 397,000 €
One-bedroom apartment with a terrace in a new residence with a swimming pool, Barcelona, Spain

Total area 45 m² 1 bedroom

Two-bedroom apartment in a modern residential complex, Barcelona, Spain for 575,000 € 575,000 €
Two-bedroom apartment in a modern residential complex, Barcelona, Spain

Total area 103 m² 2 bedrooms

Furnished apartment in a residence with a swimming pool, in the old town of Barcelona, Spain for 595,000 € 595,000 €
Furnished apartment in a residence with a swimming pool, in the old town of Barcelona, Spain

Total area 87 m² 2 bedrooms

Tranio Affiliate Programme

Investor Andrew considered property for investment in Spain in order to participate in the Spain Golden Visa programme. Tranio’s work with the investor was regulated by a partnership agreement with a migration company specialising in obtaining a residence permit. According to the agreement, Tranio’s team had to select a suitable property for the investor’s purposes.

Ekaterina Maslova, Tranio Manager, real estate and migration investment expert, worked with the client. Ekaterina has been helping Tranio clients to purchase houses and apartments in many countries of the world for more than 7 years.

For Andrew this was the first experience of buying property in the EU. At the first stage, the investor with help of Ekaterina remotely selected several apartment options from the provided list of properties in Madrid. Then he personally visited the capital of Spain to check out the apartments in real time. After Andrew purchased the property, the migration company was able to apply for the Golden Visa programme for him.

Apartment in the heart of Madrid

Andrew had visited Madrid many times before and purposefully considered this city as a place of a secondary residence. The capital of Spain attracted investors with its developed infrastructure, economic and cultural environment, dynamics of life, elegant architecture and a comfortable climate.

park
LucVi / Shutterstock

Among all the cities in Spain, the atmosphere of Madrid is the most conservative and the urban structure is clearly centralised with the historical centre at Plaza Mayor and Puerta del Sol and the political centre at the Royal Palace. Madrid does not have the spirit of a sea resort, it is much remote from the seashores of the Mediterranean Sea and is located in the centre of the country. However, this city is full of the spirit of Spain and has a significant cultural foundation. There are The Prado Museum, The Queen Sofía National Museum Art Centre and The Thyssen-Bornemisza National Museum, which are among the 100 most visited museums in the world. The bullfight takes place every Sunday from May to October at the Las Ventas Arena.

Apartments for sale in Madrid 105 listings on Tranio
Apartment in an apartment complex with gym and concierge, Madrid for 585,000 € 585,000 €
Apartment in an apartment complex with gym and concierge, Madrid

Total area 100 m² 3 bedrooms

New flat with designer furniture and appliances, Madrid, Spain for 1,985,000 € 1,985,000 €
New flat with designer furniture and appliances, Madrid, Spain

Total area 200 m² 3 bedrooms

Renovated penthouse in a prestigious area of Madrid, Spain for 1,350,000 € 1,350,000 €
Renovated penthouse in a prestigious area of Madrid, Spain

Total area 165 m² 3 bedrooms

New flat with designer furniture, Madrid, Spain for 879,000 € 879,000 €
New flat with designer furniture, Madrid, Spain

Total area 83 m² 2 bedrooms

New flat with designer furniture, Madrid, Spain for 1,449,000 € 1,449,000 €
New flat with designer furniture, Madrid, Spain

Total area 186 m² 3 bedrooms

Renovated flat in the centre of Madrid, Spain for 699,000 € 699,000 €
Renovated flat in the centre of Madrid, Spain

Total area 77 m² 2 bedrooms

Renovated flat with designer furniture, Madrid, Spain for 689,000 € 689,000 €
Renovated flat with designer furniture, Madrid, Spain

Total area 91 m² 2 bedrooms

Renovated flat with designer furniture, Madrid, Spain for 919,000 € 919,000 €
Renovated flat with designer furniture, Madrid, Spain

Total area 90 m² 3 bedrooms

Among the advantages of living in Madrid are the following:

  1. Madrid International Airport. It is the largest international hub connecting the countries of Europe and Latin America. The airport is the 4th largest in the EU.
  2. Well-developed transport infrastructure. The Madrid metro is the 2nd largest in Europe (after London).
  3. The business community of the city. The vast majority of the head offices of large Spanish companies are based in the capital of Spain. Madrid is the financial heart of the country.
  4. A comfortable climate. The city has a dry Mediterranean climate with hot summers and mild winters, the temperature rarely drops below zero.
  5. Proximity to nature. The city is surrounded by national parks and reserves with mountain landscapes and historical villages and fortresses.
  6. The possibility of sea and mountain vacations. From the city, you can reach both the Mediterranean Sea and the Atlantic Ocean or the southern slopes of the Pyrenees in a few hours by car.

Andrew chose a renovated four-room apartment in a prestigious area in the heart of Madrid. The apartment has three bedrooms, a kitchen island in an adjacent space with a living room, wardrobes and kitchen set. The decoration is made of high-quality materials: oak wood floors, ceramic tiles in the bathroom. The apartment has air conditioning, soundproof windows, one parking place and a video surveillance system is equipped in the common areas. Panoramic windows overlook the streets of Madrid. A supermarket and a public transport stop are located next to the building.

The value of the apartment was 535 thousand euros, payment was made in euros in a one-time payment. This allowed immediately after signing the documents to apply for the Spain Golden Visa programme.

Obtaining the Spain Golden Visa by the investor and future plans after the purchase

After completing the transaction, the investor immediately applied for a Spanish residency and a month later Andrew received the Spain Golden Visa which let him officially stay in Spain as a resident. The investor’s plan is to make this apartment his secondary residence, to stay in Madrid during his travels in Europe.

In addition, if desired, an investor can rent a residence: the rental market in this city shows good dynamics, and the Swiss financial holding UBS has included Madrid in the top 5 megacities with the lowest risk of a bubble in the real estate market.

Madrid
Kaspars Grinvalds / Shutterstock

If all conditions are maintained and the residence permit is extended, as well as cultural integration, after 10 years Andrew can apply for a Spanish citizenship under the naturalisation programme. By the 1st quarter of 2024, according to recent studies, the Spanish passport, along with the passports of Germany, France, Japan, Italy and Singapore, took the first place in the world ranking of passport strength, allowing you to visit 194 countries without a visa.

The Tranio team will help you to develop an optimal investment strategy and choose a property in Spain based on your requests.

Contact us
Share the article
Subscribe not to miss new articles

We will send you a content digest not more than once a week

Subscribe
    I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.
    Done!

    Tranio’s managers offer advice on buying real estate overseas
    Marina Filichkina
    Marina Filichkina
    Head of Sales Tranio Thailand, Europe
    +44 17 4822 0039
    Send a request
      I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.
      • 0% commission to Tranio
      • Residence permit support
      • Mortgage rates from 1.5%