Spain offering residency to new real estate owners

The government of Spain is thinking about passing a new legislation in order to boost the country’s housing sector, this legislation would allow people who buy real estate in the country to get a residence permit.

There is a lot of prime beachfront property available in cities like Barcelona which is why real estate agents are welcoming the idea.

People who are thinking of immigrating may find this offer very tempting as a residency permit comes with automatic visa rights to most of Europe, specifically those countries who form part of the Schengen Agreement.

Specifically the immigrants wishing to take advantage of this tempting offer must buy property that exceeds €500,000 and the property must of course be in Spain.

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