The impact of Golden Visa on Spain’s real estate landscape. In the 3rd quarter of 2023, Spanish real estate experienced a notable surge in foreign demand, particularly fueled by the allure of the Golden Visa The foreign buyers’ market share increased to 20.2%, marking the highest level on record since Q3 2015.
The resilience of foreign demand contributes to the overall strength of the Spanish property market, showcasing its appeal to international investors.
As usual, the British were the biggest group of foreign buyers, followed by the Germans and the French. Having been challenged by the Germans for market leadership in 2021, the British are once again pulling ahead. (More information in this article of Spanish Property Insight)
The Golden Visa remains a pivotal force, stimulating real estate transactions and garnering international interest.
Advantages of the Golden Visa program
The program provides a unique pathway for obtaining residency through qualifying real estate investments for International buyers seeking Spanish Residency. Investors benefit from a simplified and efficient visa application process, ensuring accessibility and efficiency, with the following main features:
- Diversification of Investment Portfolio: Acquiring a “Golden Visa” through real estate provides an opportunity to diversify investment portfolios, combining potential capital appreciation with residency perks.
- Access to Schengen Area: Successful applicants gain access to the Schengen Area, facilitating seamless travel across European countries.
- Education and Healthcare Benefits: Residency obtained through the program provides access to high-quality education and healthcare facilities, enhancing the overall lifestyle for investors and families.
- Spanish Culture and Lifestyle: Investors and their families can immerse themselves in the rich cultural and lifestyle offerings of Spain, enjoying a vibrant living experience.
- Potential for permanent residency or citizenship: Some “Golden Visa” programs offer pathways to permanent residency or citizenship, providing long-term stability and security.
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At Del Canto Chambers, we ensure investors receive professional guidance throughout the application process, making the journey toward obtaining a “Golden Visa” seamless and efficient.
Get in touch with one of our barristers or lawyers To make a no-obligation enquiry, please either call us now at: +44 2070 430648 or complete our online form on our contact page, which after receipt we will come back to you within 24 hours.
