The investor visa law has today been published in the official bulletin. So everything is now approved it just requires royal signature and will be entered into law hopefully in the coming days. That means you can then apply for the visa if you have bought a property. It will be retrospective so anybody who has bought recently can then apply.
Anybody considering buying in Spain to take advantage of this should look seriously now for best choice. It takes 1-2 months to complete a purchase and 10-20 days for the visa after that. We have received many enquiries for properties over the €500,000 limit and also for investment portfolios of several apartments under the €500,000 limit.