WorldWay Comprehensive Report: The Spanish real estate bubble burst in 2008, triggering an economic crisis that caused millions to lose their jobs. Six years later, although thousands of properties remain vacant, the real estate sector seems to show signs of recovery. According to official data, nearly 10,000 new jobs were created in the Spanish real estate industry in November. A spokesperson for the Spanish Construction Federation stated: “This is closely related to the increase in public works projects.” With Spanish Prime Minister Mariano Rajoy Brey's 2015 budget calling for a 6% increase in infrastructure spending, the growth trend in the real estate sector may continue next year. This is the right time for investors looking to buy property for immigration to Spain.
Spain is a highly developed traditional capitalist country located in Southwestern Europe, overlooking North Africa, and serves as an important bridge for trade with Latin America, boasting excellent geographical advantages. The outbreak of the European economic crisis has provided many immigrants with investment opportunities. In September 2013, Spain enacted the investment immigration law to attract foreign investment and promote economic development. A significant number of investors are also keen on obtaining Spanish residency, with the rising number of Spanish immigration applications complementing and promoting economic recovery.
Experts from WorldWay on Spanish property immigration state that the Spanish investment immigration law stipulates that an investment of 500,000 euros allows for rapid acquisition of Spanish residency. The requirements for application eligibility under this law are straightforward: the main applicant must be at least 18 years old, have no criminal record, have no record of expulsion from Schengen countries, hold health insurance, and have an annual income of at least 30,000 euros. By purchasing property worth 500,000 euros in Spain, one can qualify for residency. This is timely for the currently rising Spanish real estate industry.
As a pioneer in European investment immigration, WorldWay was the first to introduce Spanish investment immigration to the domestic market, quickly attracting widespread attention from investors. To facilitate investors' property inspections in Europe and handle property immigration matters, WorldWay has established independent client service centers in Europe. To date, WorldWay has successfully assisted thousands of families in immigrating overseas and is recognized as the best institution for Spanish investment immigration. For more immigration information, please call 400-138-2929.
