Recently, media reports indicated that Wang Jianlin, Chairman of Wanda Group and newly crowned richest man in China, has made a major move into the Spanish real estate market by purchasing the landmark Edificio España in the center of Madrid for 265 million euros. This move has caused a huge sensation both domestically and internationally, and has also turned the eyes of investors toward Spain, which is recovering from an economic crisis.
It is understood that the Edificio España has been vacant since 2008, serving as one of the symbols of the collapse of the Spanish real estate market in 2008. Wang Jianlin's acquisition and future plans for the building are nothing short of another strong signal that the Spanish real estate market is warming up. According to the latest news from the International Monetary Fund (IMF), the Spanish economy has "turned the corner" from the European debt crisis after undergoing fiscal, financial, and employment reforms, and now needs to further reduce debt levels to make the recovery more sustainable.
So, for ordinary investors, is now a good time to enter the Spanish property market? As the first immigration agency to promote Spanish property investment immigration in China, possessing a vast array of Spanish property resources and having established good cooperative and communication relationships with well-known Spanish developers, Worldway immigration experts point out that now is the best investment period as the Spanish economy recovers and housing prices warm up. Purchasing 500,000 euros worth of property can also grant the whole family immigration status in a major European country, making it a wise, two-in-one investment.
Since Spain promulgated its property investment immigration policy in September of last year, as of March this year, the Spanish government has issued 818 residence visas to foreigners who meet the requirements, which shows the popularity of Spanish investment immigration. Worldway immigration experts analyze that, taking Spain as an example, European countries have launched property investment immigration policies to stimulate the real estate market; therefore, at this stage, there are no requirements for investors regarding academic qualifications, language, or education level. The application conditions are simple, and the approval speed is fast. According to the general rules of the immigration industry, once the Spanish economy recovers to an ideal level, the Spanish property investment immigration policy is likely to be tightened or even terminated.
Therefore, Worldway immigration experts remind you that now is the time to seize the best opportunity to buy at the bottom, follow China's richest man to invest in Spanish real estate, and obtain an EU green card for your whole family. Consultation Hotline 400-138-2929
