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Spain gives residency permits for foreign house buyers
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silverchair
Posts: 937 Forumite
"In a further attempt to boost the housing market, the trade ministry said on Monday that it would offer residency permits to foreigners who buy houses for more than 160,000 euros.
The initiative is aimed at Chinese and Russian buyers in particular, according to the ministry. There is an overhang of 700,000 unsold properties in Spain."
http://www.bbc.co.uk/news/business-20391588
more info:
http://www.dailymail.co.uk/news/article-2235318/Spain-offers-residency-buying-home-worth-130-000-bid-save-housing-market.html
Any thoughts on this?
The initiative is aimed at Chinese and Russian buyers in particular, according to the ministry. There is an overhang of 700,000 unsold properties in Spain."
http://www.bbc.co.uk/news/business-20391588
more info:
http://www.dailymail.co.uk/news/article-2235318/Spain-offers-residency-buying-home-worth-130-000-bid-save-housing-market.html
Any thoughts on this?
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Comments
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Why would you want to live in a country that is rapidly devolving into a third world state?0
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Doesnt it then allow you to freely move to other parts of the EU?0
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True. I wonder what the EU council have to say about this?0
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Why would you want to live in a country that is rapidly devolving into a third world state?
We are thinking of eventually living there between November and April to get away from our winter weather as I like to spend a fair amount of time outdoors (jogging, cycling, walking, bowls and possibly getting back into tennis). I can't really see myself enjoying my retirement in the UK during the winter months. It isn't impossible that we might eventually consider living there all year round rather than betwen two homes.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Cyprus (Greek part) has been doing something similar since it joined the EU.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0
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tempting.... until you recall they have a habit of destroying your house with no compensation....0
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But if you are from a non EU country and want to work live in an EU country this is a cheap way in.
Buy a house in Spain if you are Chinese, Indian, etc and you can work/live anywhere in the EU including the UK.
This is a very clever idea from the Spanish government they will improve the housing market in Spain and probably have few people who actually stay and need state support!0 -
Are residency permits transferable if you are non-EU citizen?0
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But if you are from a non EU country and want to work live in an EU country this is a cheap way in.
Buy a house in Spain if you are Chinese, Indian, etc and you can work/live anywhere in the EU including the UK.
This is a very clever idea from the Spanish government they will improve the housing market in Spain and probably have few people who actually stay and need state support!
If you can afford 160000 euros and costs etc perhaps they wouldn't need state support?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
What does 160 k euro buy in Spain. Both in the major towns and on the "costas" - I cannot see a Russian ma ff ia or Chinese triad parvenu member wanting to live in the countryside.
Ireland and Portugal already have similar arrangements, as does Switzerland and the little tax haven states of Europe. They however are after the independently wealthy seeking a secure alternative to their mother/father land.
http://www.independent.ie/business/european/spain-to-offer-residency-deal-for-foreign-house-buyers-3300350.html0
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