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The Right Time To Invest In The Spanish Real Estate Market
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Spain is one of the top tourist destinations for many Europeans, Americans, and people from other countries because of the number of sunny days, cheap hotels, and excellent and affordable food and wine. Unfortunately, Spain is now undergoing a financial crisis as well as a property crisis with thousands of homes and apartments lying unsold.
Urgent Property Investments
To help alleviate a more serious property crisis, the government has relaxed the rules for buying property in Spain as well as providing some perks for those willing to invest in property of over €500,000. For investors who are willing to put in that kind of investment, especially in real estate, the government is bringing in legislation that will give investors the Golden Visa in Spain. This bill has been modified to help investors and entrepreneurs to bring in vitally needed investment money; it was approved by the Spanish Government has been implemented since 30th September 2013.
Cutting down Bureaucracy
At the present time, Spanish real estate is described as an excellent investment, if you have money to spare. During these hard times, when houses are being sold off to recover a fraction of what they cost, a far-thinking and astute investor has the potential to make a big profit on their investments. As mentioned earlier, buying property of over €500,000, Spain will expedite visas and residential permits through a single authority and bypassing typical Spanish bureaucracy. Finding a good real estate agent who can handle this type of investment would be in the best interest of the investor as they would know all the documentation needed to get the investment registered and apply for a Spanish visa for the investor and family.
Strict Residency Requirements
Getting proper Spanish representation might be costly, but your investment will be made through the right sources and there should not be any unforeseen problems. There are strict laws concerning getting residency in Spain and about the funds being brought in, and your expert legal team would be the right people to instruct you on how to go about it professionally. Finalizing the investment and transfer of the funds is a prerequisite to applying for permanent residency for the investor and his family in Spain. The investor also needs to meet the strict criteria set by the European Union when it comes to applying for residency, but once meeting those parameters, it should be plain sailing.
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