Worldway Comprehensive Report: According to data released by the National Statistics Institute of Spain, Spanish housing prices saw a year-on-year increase of 1.5% in the first three months of this year, exceeding the growth rate recorded in the fourth quarter of last year. The rise in housing prices has attracted more attention to Spanish property investment immigration, and naturally, Chinese immigrant investors have played an indispensable role in this growth.
[Spanish Housing Environment]
As is well known, following the economic crisis, Spanish housing prices fell continuously for six years since 2008. By the end of 2014, prices suddenly rebounded with an increase of 1.8%. The 2015 price increase marks a new breakthrough following the rise in 2014. Between January and March 2015, new home prices rose by as much as 4%, which is the highest increase in Spanish housing prices in seven years since the second quarter of 2008.
Since the Spanish government introduced the 500,000 Euro property investment immigration program, foreigners can obtain a Spanish green card by purchasing properties valued at 500,000 Euros or more. As the third-largest immigrant group in Spain, the Chinese community has made significant contributions. According to statistics from the Spanish Ministry of Employment, the number of Chinese residents in various regions increased by 74% between 2008 and 2014. Today, 51,833 Chinese people live in the Community of Madrid, with over 11,000 of them running their own businesses, an increase of nearly 5,000 compared to six years ago.
Worldway immigration experts state that the new Spanish immigration policy has extended the validity period for residence permit renewals and has no strict residency requirements. After the main applicant immigrates, their parents, parents-in-law, minor children, adult disabled children, or adult unmarried children who are financially dependent can all obtain status simultaneously. By purchasing a property worth 500,000 Euros, one can apply for immigration without the need for proof of source of funds, truly achieving a situation where one person buys a property and three generations benefit. This will further attract Chinese immigrant investors to pursue property investment immigration in Spain. Interested investors should plan early. Immigration Consultation: 400-138-2929