Worldway Comprehensive Report: According to a report by the Spanish newspaper Expansion, Rafael, Chief Economist of the research department at BBVA, Spain's second-largest bank, recently stated that if the Spanish economy continues to grow at the same quarterly rate as in 2014, its economic growth for 2015 could reach 2.7%, exceeding the bank's previous expectations. Since the outbreak of the Eurozone crisis, Spain has been deeply affected. To overcome the crisis, the government has implemented a series of reforms, including immigration investment policies, which have now begun to show results. The acceleration of Spain's economic growth will attract more overseas investors interested in property investment and immigration.
[Spanish Architecture]
Rafael stated that, conservatively speaking, Spain's economic growth in 2015 could nearly double compared to 2014. The current recovery of the Spanish construction industry is not the driving force behind economic growth, but rather a result of the economic recovery; tax reforms could contribute 0.3 percentage points to GDP growth and boost personal consumption by 0.5 percentage points; in addition, the 20% depreciation of the Euro against the US Dollar could contribute 0.5 to 1 percentage point to Spain's economic growth.
Rafael noted that the above forecast was made against the backdrop of relatively rapid growth in the world economy and the sharp fluctuations in oil prices, which will benefit oil-importing countries like Spain.
For the Spanish government, attracting as much foreign investment as possible is also a major factor in promoting economic growth. Against the backdrop of a sluggish global economy, attracting immigrant investment has become an important means for various countries to stimulate their economies. The Spanish government launched an investment immigration policy in 2013 that grants residency in exchange for property purchases, which was intended to attract investors from outside the European Union to Spain.
In 2013, Spain promulgated the Entrepreneurship and Investment Act, which sparked great attention from global investors. In 2014, European property investment immigration became very popular. As the European economy began to recover, the combination of favorable, low property prices and the status of a long-established, prestigious European capitalist power made Spanish property investment immigration highly sought after.
[Spanish Property Investment Immigration]
As a leading institution for European investment immigration, Worldway was the first to promote the Spanish property investment immigration program in China. To help investors purchase their ideal properties, we have established strategic partnerships with top local developers in Spain, possessing unique property resources. All property prices are open and transparent, and we offer a large number of well-known developer projects and sufficient ready-to-move-in properties, providing excellent choices for clients investing and immigrating to Spain.
