There are several ways to obtain a residence permit in Spain, for example, through the investor program. Among immigrants, the most popular way is to obtain a residence permit in Spain through the purchase of real estate.
Top 10 Benefits of buying property in Spain
- Buying real estate in Spain gives you the right to quickly obtain a residence permit in Europe for the whole family
- Simple procedure, comfortable conditions that do not require residence in the country
- An alternative place of residence
- Profitable investment, saving your funds from inflation
- Traveling within Schengen countries without visas
- You can work in Spain or do business here
- Pleasant warm climate, some of the best resorts in Europe
- High quality of life (great medical and education system)
- European education for your children
- Keeping funds in reliable EU banks
Program conditions
Many immigrants are attracted by the opportunity to include all family members, including parents, in the application for a residence permit. Of course, these innovations testify to the interest of the Spanish government in attracting foreign investment, which attracts wealthy people from all over the world to the country.
It is necessary to purchase residential, commercial real estate (one / several objects) or a land plot worth from 500 thousand euros
A standard package of documents should be attached to the application
The application can include an official or common-law spouse, children under 18 years of age, adult children, and parents if they are financially dependent on the applicant
You must submit documents to the Spanish Immigration Service in person. This can be done in one visit to the country, for which you first need to obtain a visa D
Registration is required to apply. Considering that you already have purchased housing, it is enough to register at the local mayor’s office
Registration takes 4-5 months, but after concluding a preliminary contract for the purchase of the real estate, you can get a temporary residence permit for six months
Real estate in Spain: where to invest?
The choice of real estate in Spain is very diverse, and many properties are built specifically for investors. Resort real estate, which usually belongs to the elite class, is in great demand. You can buy a villa in the Balearic Islands, Costa Brava, Costa Dorada, Costa Blanca, Alicante, Benidorm, etc.
Considering the positive dynamics of prices, in 5 years you will return your investment with a profit. Therefore, buying property in Spain is beneficial in terms of saving money.
Stages of obtaining a residence permit in Spain through the purchase of real estate:
- collect a package of documents, get a visa D
- find property in Spain and apply
- get a residence permit, medical insurance
- apply to the migration service
- There are many formalities in the paperwork that must be followed. The best solution is to use the services of professionals.
Residence permit in Spain: Prospects
After issuing a residence permit, you are required to stay in Spain for only 1 day a year. The rest of the time you can live in the country or at home.
You can live in the purchased property for 5 years, and then rent it out or sell it all together, returning the investment
After 5 years, you can apply for permanent residence in Spain. However, with this status, you will be required to reside in the country for at least 6 months a year.
You can also obtain Spanish citizenship, and relatively quickly – in another 1-2 years after the issuance of permanent residence. But for this, you need to constantly live in the country and integrate into the local life, economy.
