Worldway Group Comprehensive News: According to a survey of investors released by the international real estate firm Knight Frank, active commercial real estate investors believe that Spanish property prices are currently still at a historical low, making it one of the premier investment destinations for commercial real estate in Europe. With a projected 21% increase in rental income over the next five years, enthusiasm for property investment immigration is rising sharply.
【Spanish Housing Environment】
Knight Frank found that in the past 12 months, office rents in the CBDs of major Spanish cities have risen by 20%, yet they remain 40% lower than the 2008 peak. Foot traffic and sales in major shopping centers have increased for six consecutive quarters, which is one of the signs of recovery in the Spanish commercial real estate market. Humphrey White, Head of Capital Markets for Knight Frank in Spain, stated that investment enthusiasm for Spain is currently even higher than it was at this time last year.
Currently, Spanish property prices are on an upward trend; in the second quarter of 2015, property prices in Madrid and Barcelona increased by 3.3% and 6.3% year-on-year, respectively. The British economic research institution Capital Economics predicted at the end of September that from 2015 to 2019, rental income for all types of properties in Spain will grow by 21%, compared to an average of 13% in the Eurozone. Meanwhile, low interest rates in the Eurozone will allow investors to generate higher investment returns.
As a major tourism destination suitable for living, Spain attracts a large number of property buyers seeking a high quality of life, and the real estate market has begun to recover with the inflow of foreign investment; the rise in rents is a clear indicator of this phenomenon. CNBC commented that in recent years, investors from mainland China have been looking for investment opportunities in countries along the Mediterranean coast of Europe, and Spain has attracted the attention of many Chinese investors. A survey by the Spanish real estate portal Idealista found that Chinese investors are increasingly interested in Spanish real estate because "prices are in a period of adjustment and the economic outlook is positive." Consequently, more and more Chinese investors are positioning themselves for property investment immigration in Spain.
Worldway immigration experts state that the new Spanish immigration policy has extended the validity period for residence permit renewals and has no rigid residency requirements. After the main applicant immigrates, their parents, the spouse's parents, minor children, adult disabled children, or adult unmarried economically dependent children can all obtain status simultaneously. By purchasing a property worth 500,000 Euros, with no requirement for proof of source of funds, one can apply for immigration, truly achieving the benefit of one person buying a property and three generations reaping the rewards. This will further increase the popularity of property investment immigration in Spain among Chinese investors, and interested applicants should plan early. Immigration Consultation: 400-138-2929