Real estate investment has always been the preferred investment method for Chinese people. In recent years, an increasing number of the wealthy class have not only been investing in domestic property but have also begun to shift their real estate investment focus abroad. In fact, Spain is an excellent choice for property acquisition. Coupled with Spain's property investment immigration policy and its continuous economic growth, the promising investment prospects have attracted the attention of numerous investors.
According to a report by the Spanish newspaper "Expansión" on August 17, data from Eurostat shows that in the second quarter of 2017, the Eurozone economy grew by 0.6% year-on-year, 0.1% quarter-on-quarter, and 2.2% on an annualized basis. Spain's GDP growth rate in the second quarter was 0.9% (3.1% annualized), once again becoming one of the fastest-growing economies among Eurozone countries, second only to the Netherlands (3.8% annualized).
With the continuous recovery of the Spanish economy, the Spanish real estate and tourism markets have also rapidly become hot. According to data released by the National Statistics Institute of Spain, the volume of property transactions in Spain in June this year increased by 19.3% year-on-year, reaching 44,135 units, returning to 2011 levels and showing growth for two consecutive months. According to statistics, the average increase in housing prices in Spain in 2017 was approximately 10.8%.
Spain is a world-renowned tourist destination. In the first half of 2017, Spain received 36.3 million tourists, a year-on-year increase of 11.6%. In the first 6 months of this year, foreign tourist spending in Spain increased by 14.8%. The growth of Spain's tourism industry has accelerated the growth rate of the Spanish economy.
Given the current strong economic development trend in Spain, investing in local real estate, whether for personal residence or rental investment, offers good appreciation potential and considerable returns. Favorable investment policies and a rapidly growing economy are bound to attract more investors to Spain. Now is an excellent time to invest in Spain.
For Chinese investors, they are not only eager to get a share of the "bottom-fishing" real estate market but also hope to obtain Spanish residency, secure the status of a major European country, enjoy the same high-quality benefits as EU citizens, and travel freely across the 26 Schengen countries. At this time, purchasing a property worth 500,000 Euros allows three generations of a family to obtain Spanish residency, while also realizing investment returns and enjoying significant property appreciation or rental income.
Requirements for Spanish Immigration Application
Main Applicant:
1. At least 18 years of age
2. No criminal record
3. Purchase medical insurance
4. Proof of financial resources
Dependent Applicants:
1. The main applicant's legal spouse, children under 18, and unmarried, financially dependent children aged 18 or older
2. The main applicant's financially dependent parents
3. No criminal record
4. Purchase medical insurance
For more details, please consult the Worldway Immigration Group hotline: 400-138-2929.