Permanent residence or citizenship when buying real estate

Question

Permanent residence or citizenship when buying real estate

Hope asks:

I want to buy not expensive housing in Spain or Italy, will I have citizenship or something else, some kind of document, so that I can travel back and forth?

27.06.2019

SPAIN. Consultation

Visa, residence permit, citizenship

Expert answers (5)

Natalya Zakirova (Corredor Mato) · Answer 1 · 2020-04-16T18:54

Hello, Hope!
To purchase housing in Spain, you can immediately apply for the so-called NIE (this is a Spanish residence permit, which is issued for a period of 5-10 years). In this case, you will no longer need a visa.

Natalia Zavalishina (Distant Property) · Answer 2 · 2019-06-28T08:47

Good afternoon, in Spain, a gold visa (analogue of a residence permit) is issued when you buy a home from 500,000 euros. Buying a home in the EU does not give the right to obtain a residence permit or citizenship.

Olga Popova (Luxbarcelona) · Answer 3 · 2019-06-27T19:17

If you buy a house in Spain worth less than 500,000 euros, then you can get a different type of residence permit (not a golden visa). To obtain such a residence permit (it is called NO LUCRATIVA), you need to show your high income in Russia. The more your income, the better, but expect so that could show approximately 35,000 of your annual income. And then you get a residence permit and you can go and call in Spain, when you want. The first period of validity of this type of residence permit is 1 year.

Marina (Dom&More) · Answer 4 · 2019-06-27T17:06

Good day. After buying a budget property on the basis of a purchase and sale agreement registered in the property register (in Spain this document is called Nota Simple) you can apply for a visa at the embassy of Spain and Italy, namely 180 days of stay per year in the Schengen zone for a period of 5 years old.

Evgeniya Voevodina (Planeta Spain) · Answer 5 · 2019-06-27T16:20

Hello, Hope! When buying low-cost real estate in Spain preferences only when you receive a tourist visa. According to it, you can be in any country entering the Schengen zone for no more than 90 days in the half year.
To obtain a residence permit in Spain, you must buy a property worth more than 500,000 euros. There are also several ways to obtain a residence permit. This is a separate volume topic. You can contact us and we will give you a consultation in more detail.
Sincerely, Eugene.