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Spanish Residency for £130,000?

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Spanish Residency for £130,000?

Postby RobinHood » Tue Nov 20, 2012 4:20 pm

For anybody wanting to move to Spain, then the Spanish Goverment will give you residency if you buy a house (see below)

"Spain plans to offer foreigners residency permits if they buy houses worth more than 160,000 euros - approximately £128,500 - to try and reduce the country's bloated stock of unsold homes.
Spain currently has more than 700,000 unsold houses following the collapse of its real estate market in 2008.
Trade Ministry secretary Jaime Garcia-Legaz said the plan, expected to be approved in the coming weeks, would be aimed principally at the Chinese and Russian markets as the domestic demand was stagnant and showed no sign of improving."

I would not move to Spain for the Spanish women, but residency should give you access to the rest of the EU / Eastern European women. (who can live in Spain without visas)

Spain is not an easy place to make a living, but it has a good climate and a relaxed way of life.
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Postby ladislav » Tue Nov 20, 2012 5:27 pm

Is this the cash you need to pay them or can it be done on credit terms?
A brain is a terrible thing to wash!
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Postby eurobrat » Tue Nov 20, 2012 5:38 pm

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Last edited by eurobrat on Fri May 24, 2013 11:17 pm, edited 1 time in total.
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Postby RobinHood » Tue Nov 20, 2012 5:43 pm

ladislav wrote:Is this the cash you need to pay them or can it be done on credit terms?


Not sure, but I would have thought that as long as you can raise the money (eg from credit / mortgage), then you should be eligible.

The way the Spanish Property market has crashed, £130k should get you something really nice these days
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Postby RobinHood » Tue Nov 20, 2012 5:47 pm

eurobrat wrote:If your from the UK you should already have EU rights to live there.


Yes, but our North American cousins do not have this right.
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Postby eurobrat » Tue Nov 20, 2012 7:31 pm

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Last edited by eurobrat on Fri May 24, 2013 11:20 pm, edited 1 time in total.
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Postby momopi » Tue Nov 20, 2012 7:32 pm

http://realestate.aol.com/blog/2012/11/ ... omebuyers/


ladislav wrote:Is this the cash you need to pay them or can it be done on credit terms?


Generally speaking, investor VISA's require you to bring the required amount into the country. So if you refinanced your house in the US and took out $200k for investing in Spain, that would probably qualify. But if you only brought $100k into Spain and want to finance the rest from local banks, then that's questionable. Since this is only in the proposal stage, we're just speculating at this point.

As far as investor VISA's in first-world nations is concerned, $200k is a bargain. There doesn't seem to be age restrictions either. i.e. in AU the age restriction is 45, NZ is 54, and in Canada you're penalized if you're over the age of 49.
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Postby Rock » Wed Nov 21, 2012 3:16 am

Unless you're from a poorer country with a passport which makes it challenging to get a visa to most developed countries, permanent residency in one of these areas by itself has little value. What really matters is how it can be used to gain citizenship and how long that process takes.

Assuming u r from USA, and u don't have a second nationality and passport, US authorities with cooperation from State Department have a string tied to yr ass which they can reel in anytime they like. Laws can be passed to restrict your freedom to travel. Already, if u owe more than a certain amount in child support, you will not be able to secure a new passport or your current one may be revoked. Similar laws with greater scope are likely in the pipeline.

Understand, most countries in the world will not likely let u stay, even if u have secured permanent residency, once your passport is cancelled by your home country unless u have a second one. And of course you cannot travel anywhere except back to your country of citizenship if u don't have a valid passport.
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Postby leavingusa » Fri Nov 23, 2012 9:51 am

People eating out of dumpsters, running battles with police, collapsing economy, and only a few hundred K?

p***y is one hell of a drug!
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Postby ssjparris » Sun Nov 25, 2012 6:26 am

ummm this is good news for me. thats all i am going to say for now. 8)
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