Worldway Comprehensive Report: Major global conglomerates are focusing on the architectural developments in Madrid, which is soon to become a luxurious vacation destination. This is a microcosm of Spain's role in gathering global wealth. According to the wealth report issued by the multinational consulting firm Knight Frank, the number of billionaires globally with a net worth exceeding 30 million euros but without a fixed residence increased by 3% in 2014, totaling 172,850 individuals. In contrast to countries such as Canada and Germany, Spain's growth rate is smaller at approximately 2%. Spain has around 4,392 billionaires at this level, an increase of 63 compared to the previous year.
【Madrid, Spain】
For Spain, Madrid has become one of the 20 most attractive cities to live in globally for the first time in nine years, and it is also the ninth largest city by population in Europe. Therefore, investors seeking property immigration to Spain need to accelerate their planning.
In addition, the aforementioned wealth report not only studies the total investment amount but also examines the investment attitudes of these wealthy individuals. It includes surveys on projections regarding commercial investment trends, children’s education concerns, consumption levels, and other factors.
One competitive point for Madrid, compared to many other cities in the wealth report, is that the price of luxury homes of the same area is much lower in Madrid. In Madrid, one can purchase a 133 square meter apartment for around 1 million euros, whereas in Monaco, one can only buy 17 square meters, and in London, only 23 square meters.
【Property Immigration to Spain】
Therefore, choosing property immigration to Spain today is a highly cost-effective and rational choice. Worldway's Spanish property immigration experts state that the Spanish Investment Immigration Law allows for rapid acquisition of Spanish residency with an investment of 500,000 euros. This investment comes at a timely moment for the burgeoning Spanish real estate market. With global wealth converging towards Spain, prospective property immigration clients need to expedite their planning.
