The Spain Golden Visa, officially known as the Spanish Investor Visa, is a residence permit issued to non-EU citizens who make make significant investments in Spainsuch as buying real estate, investing in a business, or creating jobs.
Does buying a property in Marbella Spain worth 500,000 euros allow for a Spain Golden Visa?
Spain has one of the most successful golden visa programs in Europe. It is a residency-by-investment system, which grants its holder residency in Spain in exchange for investment in residential real estate.
According to Spanish Ministry of Foreign Affairs the purchase of real estate worth 500,000 euros or more entitles one to obtain a golden residency, which allows A foreign investor who obtains golden residency in Spain can convert it to permanent residency after five years and later has the right to obtain Spanish citizenship after residing in Spain for ten years (it is required to reside in the country for at least 6 months of each year for ten years) and requires knowledge of the Spanish language..
click here To find out what documents are required to obtain residency in Spain (Golden Residency)
Is it possible to obtain a golden visa in Spain if you buy a property worth less than €500 thousand?
According to the site Schengen Visa Infoa golden visa in Spain can only be obtained by purchasing a property in Spain or a group of properties worth at least 500,000 euros, regardless of the location and condition (new or used) of the property.
What type of real estate is eligible for a golden visa in Spain?
Buying a commercial property, residential property, land, or any other type with a value of €500 thousand or more is eligible for a Spain Golden Visa.
Is it possible to rent out a property purchased with the aim of obtaining a golden visa in Spain?
Yes The purchased property can be rented out In order to obtain a golden visa in Spain, as there are no restrictions on the use of real estate property, and the owner of the property is free to dispose of it.
A brief investor's guide to Marbella real estate:
that Buying real estate or investing in Marbella has many advantages In addition to obtaining a golden visa, the Marbella market is a growing market, due to the high demand for Marbella residential real estate by locals and foreigners in particular.
House prices in Marbella have shown steady growth since 2012, and since then real estate prices have risen by more than 50%, and in the first quarter of 2022 the price of per residential square meter in Marbella reached 1.734 euros compared to its price of 1.694 in the same period of the previous year 2021.
Marbella real estate is also a lucrative source of income as owner-occupied real estate investors can make up to 11% and from 3.5% to 10% on real estate prices, thanks to Marbella's great popularity among tourists and investors globally and the high demand for its real estate.
Of course, these ratios vary between properties depending on their location, type, condition, etc., and the way investors manage their properties.
andOwning a property in Marbella is not only about getting income and profits from real estate investment, but it is also possible to stay in Marbella or spend a luxurious vacation in it with the family in addition to obtaining a Spain Golden Visa!
These were answers to some frequently asked questions about the possibility of obtaining golden residency in Spain by Buying a property in Marbella Spain worth 500 thousand euros.
For more information, please leave your question here Or contact our Maxist Homes team on +34 645 645 45 89 23
📌After the cancellation of Spain's golden residency program, the search for strong European alternatives has become even more important. Check out our article on Greece's program:
Golden Residency in Greece - the best alternative after the cancellation of Spain's program
