Archive of posts tagged: visa

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

    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.

  • Agents launching "visa businesses" see huge success targeting Russians and Chinese

    Lucas Fox has established a new company called Residency in Spain to deal with the demand for property from the so-called Golden Visa which allows residency for those investing over €500,000. The strategy appears to be working with enquiry volumes running at thirty per day.

  • Spanish Revival

    Spanish Revival

    Five years on from the 2008 financial crisis, Spain’s property market remains in the doldrums, but the recent introduction of a new “Golden Visa” looks set to reignite foreign investment and contribute towards the gradual recovery of real estate sector.

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

    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.

  • Spain Move To Attract HNWIs

    Spain Move To Attract HNWIs

    Estate agents specializing in high-end Spanish properties believe that the market will be boosted by a new law expected to pass in the near future that offers long-term residency to high net-worth individuals from outside the European Union.

  • Spanish property market recovering

    Spanish property market recovering

    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’s ‘Golden Visa’ set to become law in weeks

    Spain’s ‘Golden Visa’ set to become law in weeks

    Spain’s ‘Golden Visa’ regulations have been agreed by the Spanish Senate without being amended and could become law in a few weeks.
    They has now been sent back to the Congreso de los Diputados (Congress of Deputies), the lower house, and could be ratified within weeks.
    Under the current ‘Golden Visa’ regulations, those who invest €500,000 or more in land or residential or commercial property would be able to live legally in Spain for two years, with the option of renewal every two years.

  • Plans To Grant Investor Residency Could Revive Spain's Real Estate Market

    Plans To Grant Investor Residency Could Revive Spain's Real Estate Market

    A new programme offering residency by investment is starting to breathe new life in Spain’s flagging property market—even though it is still at draft stage.

  • Spain paves the way for greater foreign investment in property market

    Spain paves the way for greater foreign investment in property market

    The law, set to be enacted in the coming months, provides certainty for Estate agents in Spain targeting non-EU customers, particularly the Chinese and Russian markets where interest has been very lively since the proposal was initially mooted. Chinese companies are already advertising Spanish residency in Shanghai and Beijing.

  • Residency law gives the Spanish market a boost

    Residency law gives the Spanish market a boost

    Spanish property is set to become particularly attractive this summer, as a new law expected to come into force by July will allow non-EU residents to get Spanish residency automatically if they buy a property worth €500,000 or more.

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