It looks set to be an interesting year in 2014 with Spain’s Golden Visa programme now live. There’s disappointment from many of our prospective clients that the investment limit was eventually set at €500,000 and not the €160,000 originally mentioned by the Spanish government. We launched our new website property visas spain to focus purely on properties over €500,000 or combinations of investment properties suitable for gaining the golden visa. The website covers all the key areas in Spain and it’s important for overseas investors to get initial advice as to where to buy and invest in Spain as everyone’s needs are different. Prices vary, types of property vary, climate and lifestyle is very different from cities to coastal regions. Choice will depend on your family, education, the language you speak (English/Spanish), universities, frequency of travel, European connections, business associations etc. Most real estate websites concentrate on their own town/region and international visa agents from your home countries will try to sell the most profitable product for them. So if you are thinking of investing for residency in Spain in the new year make sure you are talking to the right people and get the right independent advice from an international agent with extensive experience that covers all the areas Spain has to offer. Happy New Year!!
A European Union directive published in 2011 means anyone granted the golden investor visa for Spain will be able to live and work anywhere in the EU Schengen visa zone. Investors in Spanish property are first issued a one year residency visa when spending over €500,000 on a property purchase in Spain. After one year the visa can be renewed and again every every two years indefinetly. It is at that point, after the first 12 months, that the European residency rule will allow investors and their families to live and work anywhere in the Schengen visa zone in Europe, as long as the investment in Spain is maintained and the visa renewed every two years.