Buying property is done in all cities of Spain. You can buy all types of property such as commercial, residential, or even properties that are extremely profitable in terms of economic growth. We will provide you with, dear clients.
The Spanish Golden Visa tariff is 500,000 euros. In previous years, there were lower tariffs, but according to the latest update of the embassy, this tariff has changed to 500,000 euros, which is proof of the increase in property value in Spain.
Buying property in Spain
why Buying property in Spain? All the stages of this process, from document transfer, property purchase, property visit, and work related to obtaining a golden visa for the main applicant and all the applicant’s companions and family are done by our native Spanish lawyers in Spain.
The duration of this process is 6 months from the time you choose the property. If necessary, our company will issue an invitation to the client and you will enter Spain to visit the property of your choice. Until the client receives the residence card, obtains the residence of family members, opens a bank account, and takes all necessary steps to settle in Spain, such as enrolling children in school or language courses, etc., our company is for you. Also, if you want to start a business in Spain, our business startup consultants will guide you to know which region is the best for business or how much capital they need.
Those who don’t know Spanish or English can take advantage of our company’s translators, who accompany you and your family in the entire process of administrative affairs, property visits, bank account opening, and obtaining visas.
If your visa is converted to temporary residence, after 3 to 5 years of temporary residence extension, you will be granted permanent residence in Spain, and after 5 years of receiving permanent residence, you can apply for a Spanish passport. You are allowed to travel to all Schengen countries without any restrictions. But if you want to travel outside the Schengen area, you are only allowed to travel for 90 days in every 180 days.
What are the advantages of buying property in Spain?
- Having the right to reside in Spain.
- The possibility of unlimited travel to Schengen countries.
- The possibility of receiving multiple visas and residences for all family members.
- No need to work or start a business in Spain.
- The possibility of obtaining temporary residence and then permanent residence in Europe.
- Being exempt from paying annual taxes.
- The possibility of opening an account in European banks.
- The possibility of free education for children in Spain, immediately after staying in Spain.
- Ease of obtaining visas for other countries.
- The possibility of obtaining a permanent residence in Spain after 5 years of uninterrupted residence in this country.
- The possibility of obtaining Spanish citizenship after 10 years of uninterrupted legal residence in this country.
What are the necessary documents to obtain Spanish residence by buying a property?
- Certificate of bank balance equal to 500,000 euros
- Valid passport
- Certificate of non-regulations or clearances
- 3-month Spanish tourist visa
- Purchased property document
- Certificate of medical tests
Property prices in Spain
Since Spain, unlike most European countries, has a very significant advantage for immigrants, which is that it grants permanent residence to people by purchasing property in this country, it attracts many requests. The price of a house in Spain is determined based on several factors such as area, square footage, facilities, etc. for example; The price of renting an apartment in the city center is 400,000 to 1 million, and the same cost for buying a house in the center of Spain is 289,947 euros per square meter. Outside the city, the price of a house per square meter is 194,910 euros.
The costs of buying a property in Spain, in addition to the main cost that is paid for the purchase of the property, also include other side costs. Among these costs, we can mention the cost of property transfer tax, which includes at least 10% of the purchase price of the property. Among the side costs of buying a property are:
- Amount of property transfer tax
- The cost of changing the ownership and registering the property with a cost of about 100 to 500 thousand euros
- The cost related to the real estate registry.
