Spanish Property Boost For Golden Visa Investors

The property market in Spain, boosted by the golden visa programme, has shown considerable growth in the 12 month period to June.

Figures released by the National Statistics Institute for June 2016 show a 20% year on year increase in sales and the fifth consecutive month of increases.

Spain is now ninth in the league table of countries for international investors in real estate. However the added benefit of the residency visa makes it the most attractive option for many international investors.

The news of rising sales volumes follows recent data released by developer Taylor Wimpey which revealed average starting prices rising over 20% from  €284,000 in 2015 to €342,000 this year.