Golden Visa Finally Approved by the Spanish Parliament Providing a Huge Boost to Marbella

28 Sep 2013

A bill granting qualified Spanish residency and Schengen-area access to non-EU investors has been passed by the Spanish parliament, and now just awaits signature by the King, and publication in the official gazette to become law. The new law will enable non-EU nationals to get qualified Spanish residency permits in return for investing in real estate (and other assets), leading to permanent residency in Spain if certain conditions are fulfilled which is a massive boost to luxury Real Estate sales in Marbella according to Spanish Hot Properties Managing Director Nick Stuart

The threshold for real estate investments is €500,000, which can be spread over more than one property. The new law is also covers transactions prior to the start date of the law, so non-EU nationals who have already spent half a million Euros or more on Spanish real estate should also be able to get a residency permit, subject to their paperwork  being in order. Spanish residency, and the ability to travel freely in Europe, is expected to be major attractions for many non-EU investors from countries like Russia and China. However for Spanish Hot Properties we expect huge number of sales from Egypt and Syria and have a special Middle East Arab speaking division to look after these clients Said Nick.

The most interesting thing in all of this is the destinations that these investors and property buyers will choose to live. The reality is the majority will choose either Barcelona, Madrid or Barcelona or Marbella claims Nick. Barcelona and Madrid speak for themselves in terms of being the two business centers of Spain. However Marbella and its London by the sea lifestyle and attractions make it the perfect attraction for those clients looking for a new place to live and who have the wealth to enjoy Marbella. It really is going to be huge bonus for Marbella said Nick.

If you would like to know more about how Spanish Hot Properties can help you take advantage of the new Residency laws in Spain then why not visit http://www.spanishhotproperties.co.uk/   to register your interest.

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