Golden Visas available in Spain !23/05/2013
Non EU residents who buy property over €500,000 in Spain will now have residency granted.
Do you have a spare €500,000 and a desire to live in the Spanish sunshine? If so, you will be pleased to hear that Spain plans to offer residency permits to those who buy a house worth more than €500,000.
Spanish Prime Minister Mariano Rajoy has announced that the nation will offer a ‘golden visa’, including automatic residency, for property purchases above €500,000 – raising the threshold from a proposal last year of €160,000.
Under the scheme, if foreigners invest in property and receive residency, they will be able to move freely around the 25-nation Schengen zone. This agreement, signed in Luxembourg in 1985, allows residents of the nations who signed it to travel to – though not work in – any other.
Spain’s key competitive advantage is that it is an ideal place to live and visit,
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