Residency in Spain News

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• Surge in demand for luxury property as Spain’s new Residency law is implemented

  02 December 2013

  Leading luxury estate agency Lucas Fox has registered a tripling in enquiries from non-EU property investors following the recent enactment of Spain’s new law to fast track Residency permits. The legislation, which was made law at the end of September 2013, grants automatic residency to investors outside the European Union who invest half a million euros or more on property or land in Spain. Benefits include free movement within the European Shengen Zone and a straightforward renewal process.

• Spain paves the way for thousands of non-EU property investors as new residency rules become law

  30 September 2013

  The long-anticipated legislation granting non-EU nationals automatic Spanish residency via property investments has now officially been made law. After having been approved by the Spanish Parliament, the law has been officially published in the state Gazette (BOE), opening the door to thousands of potential investors.

• Spanish property market recovering

  18 September 2013

  

  In recent data collected by luxury Spanish estate agency Lucas Fox, it has been discovered that property sales in Barcelona are up 13.5 per cent from January to May 2013 in comparison to the same period last year. Furthermore, an increase in sales transactions has been noted, with a particular interest coming from the British and Scandinavian buyers. Luxury properties have also been seen to have been selling well, with the average sales price of properties sold by Lucas Fox in the first six months of 2013 being €1million in areas including Barcelona, Mallorca, Ibiza and the Costa Brava.

• Spain tempts investors with residency

  12 June 2013

  

  Al Jazeera TV reports about Spain’s approved plans to grant wealthy foreign home buyers permanent residency if they buy property worth $650,000 or more.Spain’s government has approved plans to grant wealthy foreigners residency if they buy property, or set up businesses.