With the decline in international crude oil prices and the depreciation of the euro, this is very favorable for Spain's economic growth. In the words of Spain's Minister of Economy, Luis de Guindos, Spain's economic growth is "advancing at a luxurious cruise speed," and this year it is expected to exceed 2.5% and may even reach 3%. The strong economic recovery will drive the booming real estate market in Spain. The €500,000 real estate investment immigration policy will seize an excellent opportunity.
Real estate investment immigration has always been the most familiar and favored project among Chinese individuals. The €500,000 real estate investment immigration to Spain is highly regarded by wealthy Chinese individuals. Data shows that since the launch of the Spanish real estate investment immigration program in September 2013, a total of 1,880 people have obtained Spanish residence visas by the end of June this year. Among them, 282 Chinese investors have been approved for investor visas through real estate purchases.
As a long-established capitalist power, Spain has strong national strength and is very attractive to immigrants. According to immigration experts at Worldway, the volume of real estate in Spain is substantial, and property prices began to decline after peaking in 2008, with an overall drop of 30% to 50% by 2013. Currently, there are many low-priced properties available in the market. Since the Spanish government officially announced the investment immigration regulations, a large number of investors, real estate developers, and individuals hoping to obtain immigration opportunities through property purchases have focused their attention on Spanish real estate. Since the third quarter of 2014, property prices in major Spanish cities such as Madrid and Barcelona have shown signs of recovery, and the Spanish real estate market is gradually rebounding.
Worldway's European immigration experts state that in addition to Spain's favorable immigration policies, the concept of the European Union is also an important factor attracting a large number of investors. The integration of politics, economy, and education in Europe allows investors to obtain a single country's identity and freely travel across 28 EU member states and 26 Schengen member countries, enjoying the same rights as local residents for tourism, work, study, and living. Therefore, 2015 will present an excellent opportunity for real estate investment immigration to Spain.
