Currently, only 72 residence permit has been issued in the last 7 months of the program "residence permit in exchange for investments" in Spain, according to Spanish the Property the Insight . The total investment in real estate, which has managed to attract the government due to the program amounts to EUR 100 million. Followed by Portugal and Cyprus in September 2013. Spain has launched a program that allows investors to get a residence permit, to invest at least ˆ 500 000 in real estate of the country. At the same time Portugal has been issued 772 "golden visa" for 15 months of the program. Almost half of investors under the program - the Russians and the Chinese. The rest of the residents who have bought property in Spain, according to the Immigration Department, are citizens of countries such as Ukraine, Levan, Ecuador, Qatar, Egypt and Iran. According to analysts, the reason for the low popularity of the program in Spain that a residence permit is not a major incentive to purchase real estate. In addition, taking into account all taxes and duties, the amount of the transaction, required to obtain a residence permit is about 600 000 euros. At the moment, investors are biding their time until they are obvious signs of the Spanish real estate market recovery. HomesOverseas.ru
Spain issued less "golden visa" than expected
22.05.2014
Homesoverseas.ru editorial office
33
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