Spain’s Golden Visa scheme is driving up property sales. Thanks to Brexit, Brits are now unable to apply for residency in Spain and stay for more than 90 days in any 180-day period. This has caused many people to look into getting a Golden Visa instead.
The Spanish government announced the Golden Visa scheme in 2013 as a way to encourage investment in the country. The visa allows non-EU citizens to live and work in Spain if they make a financial investment of €500,000 or more.
Since the Brexit vote, there has been a significant increase in the number of Brits applying for the Golden Visa. In fact, data from the Spanish Ministry of Justice shows that applications from Brits have quadrupled since 201
There are several reasons why the Golden Visa is appealing to Brits post-Brexit. First of all, it grants holders residency rights in Spain. This means that you can live and work here without having to worry about your visa status. Additionally, holding a Golden Visa gives you access to travel freely within the Schengen Area – something that will become increasingly important after Brexit when freedom of movement comes to an end.
If you’re thinking of applying for a Golden Visa, it’s important to seek professional advice beforehand. The application process can be complex, and there are often different rules depending on your nationality and country of residence. At GW FOODS GLOBAL we can help guide you through the process and ensure that everything is done correctly
Will house prices in Spain fall?
According to experts, residential housing costs in Spain are expected to fall by 3% next year. This is positive news in the midst of a global economic crisis. Bankinter’s analysis and markets department has predicted that house prices in Spain will drop significantly next year and continue to decline through 202
What is the average house price in Spain?
As of October 16th, 2022, the average price of a new house in Spain was about 223,380 EUR. The average price per square meter for a new home was 2,482 EUR. Overall, an average residential house costs about 150,750 EUR across all regions.
Unfortunately, some Spanish real estate agents can be somewhat reticent and uncommunicative. However, on average, prices remain relatively stable throughout the country.
How much money do I need in the bank for Spanish residency?
If you want to apply for residency in Spain in 2022, we recommend that you have a regular monthly income of at least €600 or a lump sum/savings of at least €7000 in a Spanish bank account.
All financial proof needs to be in Spanish and stamped by the issuing Spanish bank.
How much money do I need to retire to Spain from UK?
You will need a retirement income or available savings of at least €27,115 to live in Spain as of 202
If you plan to retire in Spain, make sure you have enough money saved up to cover your costs. The Spanish government requires foreign nationals to have an income or available savings of at least €27,115 per year they live in the country.
When determining how much money you’ll need to retire in Spain, keep in mind that the government requires a foreign national to have an annual income or available savings of at least €27,11
Are you planning on retiring in Spain? If so, you should know that you’ll need an annual income or available savings of no less than €27,115 starting from 202 That’s what the Spanish government has set as a requirement for foreigners living in the country.
I’m Brendan Rivers, and I love all things real estate. I live in sunny Los Angeles and work as a real estate expert. I enjoy helping people find their dream home, and I love everything about the process of buying and selling property.
I’m originally from Boston, and I love spending time with my family and friends there. When I’m not working or hanging out with loved ones, you can usually find me at the beach or exploring new parts of LA.