Spain's golden visa programme gathers pace as property consultants La Vida Spain reveal the results of their survey showing many investors are looking to buy Spanish property within six or twelve months to qualify for the residency visa.
PRLog - Mar. 10, 2014 - LONDON, U.K. -- Interest in Spain’s golden visa programme is increasing as the scheme gets underway according to property and visa consultants La Vida.
The results of a survey run on the website http://spainvisas.com reveal that 39% of participants intend to purchase a property within the next six months in order to gain the Spanish residency visa. A further 32% are looking to buy within one year. Over 25,000 people have visited the website for information on the Spanish golden visa scheme since its launch.
The Spanish government introduced the law in September 2013 which allows for the granting of a residency visa for any investor purchasing real estate in Spain for a minimum of €500,000. The investment can be in residential property, commercial or land. It can also be for a portfolio of several properties making up the €500,000 limit.
The residency visa scheme in Spain follows a similar programme in Portugal which is 12 months further advanced and is now running at over five hundred visas issues per year and expected to grow further this year. Further details on the programme in Portugal can be found at La Vida’s Portugal website at http://portugalvisas.com
La Vida MD Paul Williams said the results were “very encouraging” for Spain. “Many of our clients are now looking towards Spain as an alternative to Portugal. The rules for the investor visa are similar but at present the ability to gain citizenship in Portugal is quicker than in Spain. It is important to gain professional advice to decide between Europe's two main investor visa programmes"
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La Vida Spain Golden Visa Survey Results
March 10, 2014 at 09:10 AM EDT
