T
totallyproperty
Administrator
Staff member
While the Spanish government has decided to use the visa system to attract investors to the Spanish property market, not all governments around the world use this particular strategy. There are some countries around the world which require you to have a certain type of visa before you can own property which can cause issues if you are not aware of this.
If you spend over €200,000 on a Spanish property you will be eligible for Spanish citizenship after a few years. While there are other restrictions which may hinder or delay Spanish citizenship this is an interesting way in which to use the Visa system to attract overseas investors. The moral of the story is to be fully aware of these requirements when looking to acquire property in the many property markets around the world.
If you spend over €200,000 on a Spanish property you will be eligible for Spanish citizenship after a few years. While there are other restrictions which may hinder or delay Spanish citizenship this is an interesting way in which to use the Visa system to attract overseas investors. The moral of the story is to be fully aware of these requirements when looking to acquire property in the many property markets around the world.