Since the advent in 2013 in Spain immigration program, under which foreigners have the right to apply for a residence permit when investing in property and the economy, the government of Spain has issued more than 500 24 "gold visas". It is reported portal Noticia citing information Idealista.
In total, the program brought to the Treasury of the country ˆ1,708 billion 77% of this amount came from the acquisition of approximately 2,000 residential properties worth more than ˆ500 000. The main buyers were the customers from Russia. They are followed by citizens of China. So, the Russians have purchased objects worth ˆ479,713 million at an average price of ˆ786 000. The Chinese accounted for the amount of ˆ468,7 million while Russians prefer real estate on the Mediterranean coast, mainly in Malaga and Alicante, Chinese investors are making a choice in favor of large cities, mainly Madrid and Barcelona.
The most used mechanism for obtaining a "Golden visa" for the entire period of the program was precisely about buying a home. There are many other tools also included the launch of the business, the acquisition of public debt bonds and obtaining a residence permit for researchers or employees moving to Spain in the framework of a transfer within the company, says Noticia.
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