2 bed, 2 bath Apartment in Barcelona
Barcelona has proven to be one of the most popular destinations this year amongst our investors buying real estate for the Golden Visa in Spain. The vibrant city has a lot to offer and the property market has shown solid signs of growth with both property prices and rental margins increasing.
For those looking for centrally located properties in this fabulous cosmopolitan city, we have a number of different options available.
Please follow this link to view some of our most popular Barcelona real estate options.
3 bedroom luxury villas at Las Colinas Golf Resort
Other locations such as the Costa Blanca have been in high demand too. Investors looking to obtain larger resort style properties will get much for their money in this Region. La Vida have a number of luxury villas to offer on stylish Golf Resort and close by to the coast. To view a selection of properties in the Costa Blanca please follow the link.
The Spanish government yesterday published the new “Emprendedores” or “Entrepreneurs” law. It includes new rules on visas and residency, the so called Golden Visa for Spain. The limit for a residency visa through a property purchase in Spain will be €500,000. The government hopes to have the new law ready by August. It looks ambitous considering it has taken eight months to reach this point but thankfully there seems to be some urgency now in pushing this through. It was published by the official bulletin of the Spanish Parliament. So it can be trusted as an official initiative (the first official document on this law) although changes are still possible. Soon we should be able to offer solutions to clients for Spanish residence visas through the purchase of property in Spain. We will publish more here once our lawyers have had chance to decipher the proposed legislation, hopefully in the coming days. If you haven’t already done so please sign up for our blog and you will be notified as developments happen.
We were hoping by now to see a draft of the legislation which forms a small part of much wider legislation to encourage international investment in Spain. Things are cetainly active on this within the government as we hear this from several sources. But because of the complexity of the wider legislation involving expert panels and a number of ministries this is not going to be as quick as we hoped or the government promised. Our expectation is to see a draft published sometime after the summer and then for that to be considered and passed into law sometime later this year.
Note that it is perfectly possible to get a residence visa for Spain now without the need for such investment. Assets of just €24,000 need to be shown plus sustainability of income to support going forward. However this requires a stay of 183 days per year. But this could be considered a stepping stone by some until the new legislation or may of course suit those looking for a more permanent residence in Europe.