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There are way more reasons to invest in real estate in Spain, but today we’re discussing the one that gives foreigners who are not living in the EU the chance to obtain residency in this Mediterranean country and 25 other European countries. It’s as easy as buying a house with Dream Properties International, to get your Golden Visa in Spain. Read on, and we tell you all you need to know.
Benefits of investing in real estate for Spain's Golden Visa
According to the Chairperson of the United States Chamber of Commerce in Spain, Spain becomes the main destination for US investment. But investing in Spain is not only attractive to Americans. For anyone living outside the EU, investing in real estate in Spain is an attractive pathway to obtain the Golden Visa and unlock a world of opportunities.
1. Residency Permit
By investing in real estate in Spain, individuals and their families can obtain a residency permit, allowing them to live and work in Spain for an initial period of one year. This residency can be renewed periodically, providing stability and security for investors.
2. Freedom of movement
Spain is part of the Schengen Area, which allows Golden Visa holders the freedom to travel within the 26 European countries without the need for additional visas. This provides opportunities for exploration, business networking, and access to a vast market of over 400 million people.
3. Rental income and capital appreciation
Investing in real estate not only fulfills the Golden Visa requirements but also offers the potential for rental income or capital appreciation. Spain’s real estate market has shown positive growth in recent years, making it an attractive investment option.
4. Lifestyle and quality of life
Spain offers a high quality of life, with a rich cultural heritage, a pleasant climate, and a diverse range of landscapes. Investors and their families can enjoy a Mediterranean lifestyle, stunning beaches, delicious cuisine, and a vibrant social scene.
5. Residency for family members
Spain’s Golden Visa extends to immediate family members, including spouses and children under the age of 18, allowing them to benefit from the same rights and privileges.
Requirements to get Golden Visa Spain by real estate investment
- Minimum investment amount
The minimum investment threshold is €500,000 (approximately $590,000 or £430,000) in residential, commercial, or industrial property located in Spain. This can be a single property or a portfolio of properties. - Clean title and no liens
The property must have a clean title, free from any legal disputes or encumbrances. It is essential to conduct thorough due diligence and verify the property’s legal status before making a purchase. This is something we always check with our lawyer, at any house buying process. - Proof of investment
The investor must provide documentation demonstrating the investment, including the purchase agreement, deeds, and evidence of the transfer of funds to Spain. - Ongoing Ownership
Investors are required to maintain ownership of the property throughout the Golden Visa residency period. However, there are no restrictions on using the property for personal use or renting it out.
Real estate investment options in Spain to get your Golden Visa
At Dream Properties International, we can provide you with professional advice, conduct thorough research, and ensure compliance with all legal and financial aspects before embarking on this exciting journey. In this process, we enlist the help of an experienced real estate attorney so that the process goes smoothly and according to legal requirements.
Ready to make your real estate investment for Spain’s Golden Visa? Let us know through a Property Finder Service what you are looking for and that you would like to invest in the property market in Spain to get a Golden Visa. We are happy to help!
Do you have other questions? Get in touch.
