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.
Spain is characterised by high European standards and advanced technologies, experimental design and innovative principles in urban planning, combined with traditional culture, hospitable atmosphere and warm summers that last almost 10 months a year. All this makes Spain an attractive country for relocation.
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.
Spain has a great selection of property ranging from small apartments and luxury villas with swimming pools and golf courses. Tranio reviews real estate market dynamics and focuses on the current prices.
Unlike a residence permit and permanent residence, Spanish citizenship allows you to stay indefinitely on the territory of this country and enjoy all rights and obligations on an equal basis with citizens born in this country. Spanish citizenship also allows you to participate in the political life of the country, hold public office, and enjoy all the benefits and social services provided for an ordinary citizen.
When buying a property in Spain, it is necessary to consider all the specifics of taxation and the cost of maintaining the purchased property. The costs depend on the climatic characteristics of the region, the rules of a particular municipality, the type of property and whether its owner is a tax resident of Spain (lives in the country for more than 183 days a year). On average, payments for residential property in Spain are much lower than in the Nordic countries.
A mortgage loan for property in Spain is a reliable tool that will help you to invest if you choose the right loan parameters. The interest rate in Spain in 2023 was one of the lowest and most attractive in Europe, remaining at 2.8–3.5%. Spanish banks offer foreign investors a number of advantages, which distinguishes their product from other banking products in the EU.
This article explains how to get Spanish residency, what the terms are, and how much it costs. All information is sourced from Spain’s Immigration Portal. Non-EU citizens need a Schengen visa to enter Spain. Read our article to find out how to obtain one and how much it costs.
The demand for property in Spain among foreigners has been becoming more and more active in recent years. The warm and comfortable climate, the number of sunny days per year, cities with well-developed infrastructure and high security, affordable property prices attract investors and expats from all over the world.
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.
Before the coronavirus pandemic gripped the world, property prices in Spain were growing steadily from 2015 but had not yet reached the 2008 pre-crisis mark. Despite the current uncertainty, it’s still possible for foreigners to buy real estate in Spain – but it’s important to remember, always close a transaction properly. Never cut corners. Here are seven steps for foreigners buying real estate in Spain.