According to recent reports from Spanish media, Spain, as the third largest tourist destination in the world, boasts beautiful scenery and rich culture. In addition, there are significant price differences in luxury goods and other products, which greatly attract all tourists visiting Spain for shopping, especially Chinese tourists. From January to May 2015, 153,000 Chinese tourists visited Spain, representing a year-on-year increase of 56.1%, with the number of visitors expected to reach new highs. This has significantly stimulated housing demand in Spain, enhancing the enthusiasm of foreign investors for property immigration in Spain.
Chinese tourists are the highest spending foreign visitors in Spain. According to a survey titled "World Shopping Paradise and World Tourism Destination," over 300,000 Chinese tourists arrived in Spain for sightseeing and shopping in 2014. The spending by Chinese tourists in Spain increased by 51%, with an average expenditure of 924 euros per person (70% of which was spent on shopping). Shopping tourism has become a major revenue source for Spain, making it the most profitable and esteemed form of tourism. Chinese tourists spend up to 5.4 billion euros annually in Spain.
【Beautiful Scenery of Spain】
Madrid and Barcelona are the two cities where Chinese tourists spend the most while shopping in Spain. They have also become the third largest shopping tourism destinations for Chinese tourists in Europe, following London and Paris. In these two cities, they spend an average of nearly 1,400 euros. The consumption sector in Barcelona has seen a year-on-year increase of 69.4% due to the influx of Chinese tourists, reaching an average of 1,132 euros per person.
With the booming tourism industry in Spain and the immense appeal of the newly enacted immigration policies, more and more Chinese investors are heading to Spain for property immigration. Immigration experts from Worldway state that Spanish real estate offers excellent value for money, with high-quality housing, tourist attractions, and a vacation paradise, along with stable and high rental yields for both short and long-term investments. Global buyers from Europe, China, and other regions are competing to invest in Spanish properties, yielding high returns. The new immigration policy in Spain has extended the validity period for residence renewals, with no strict residency requirements. After the main applicant immigrates, their parents, as well as the parents of their spouse, minor children, adult disabled children, or adult unmarried children who are financially dependent, can simultaneously obtain residency status by purchasing property worth 500,000 euros without needing to prove the source of funds, truly allowing one person to buy a house and benefit three generations. Immigration consultation: 400-138-2929.