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UPDATE - GOLDEN VISA - YOUR SPANISH RESIDENCY

Understanding Spain's Golden Visa: What You Need to Know Before It's Gone

As a key player in the real estate market and with the ongoing changes in immigration policies, Villasol Real Estate aims to keep our clients informed of vital developments. One of the urgent topics on the table is Spain's Golden Visa program, which has recently come under scrutiny. Here's a comprehensive overview of the current situation regarding the Golden Visa procedure in Spain, along with important updates on its impending changes.

What is the Golden Visa?

Launched in 2013, Spain's Golden Visa program was designed to attract foreign investment by offering residency permits to individuals who invest a significant amount in the country. The basic requirements for obtaining a Golden Visa include:

  1. Real Estate Investment: Applicants must invest at least €500,000 in real estate.
  2. Other Investment Options: Besides real estate, options include contributions to Spanish businesses, government bonds, or bank deposits.
  3. Background Check: Applicants must have a clean criminal record and sufficient financial means to support themselves and their dependents.
  4. Health Insurance: Valid private or public health insurance covering Spain is required.

Successful applicants receive a residency permit that allows them to live and work in Spain, travel across the Schengen Zone, and potentially apply for citizenship after ten years of residence.

Recent Developments: The Cancellation of the Golden Visa

Recent discussions in the Spanish Parliament have raised concerns regarding the future of the Golden Visa program. With the increasing demand for affordable housing and heightened pressure from local communities, many policymakers are advocating for the suspension or cancellation of this residency option.

Several factors are driving this shift:

  1. Housing Affordability: Critics argue that the Golden Visa program exacerbates housing shortages and inflates real estate prices, making it harder for local citizens to find affordable homes.

  2. Public Sentiment: Growing public opposition to foreign investment in the housing sector has put pressure on the government to re-evaluate the scheme. Demonstrations and petitions from local residents are calling for policies that prioritize their needs over foreign investments.

  3. Regulatory Changes: The current Spanish government is considering measures to regulate or potentially cancel the Golden Visa program as part of its broader housing strategy, which aims to address the housing crisis.

What Does This Mean for Potential Investors?

If you are considering applying for the Golden Visa, it is crucial to act quickly. Here’s why:

Steps to Take Now

  1. Evaluate Your Options: Consult with our experienced team at Villasol Real Estate to explore your investment opportunities effectively and ensure they align with the latest regulations.

  2. Prepare Your Application: Gather all necessary documents, including proof of investment, background checks, and health insurance, to expedite the application process.

  3. Stay Informed: Regulations and policies can change rapidly. Subscribe to our newsletter or follow our blog for updates on the Golden Visa program and other real estate news in Spain.

Conclusion

Spain's Golden Visa program has been an attractive pathway for global investors seeking European residency. However, with potential cancellation on the horizon, now is the time to act if you wish to benefit from this unique opportunity. At Villasol Real Estate, we stay committed to providing you with accurate information and exceptional service to help you navigate the complexities of investing in Spain. Stay tuned for further updates, and let us assist you in securing your Spanish residency and dream property.

For inquiries, consultations, or to view available properties, please contact Villasol Real Estate today. Together, we can turn your Spanish dream into a reality—while the opportunity still exists.

Properties Available NOW!

We are proud to present a couple of our latest property listings at over 500,000€

VILLA FOR SALE IN NERJA

new development property malaga spain

Description

Villa For Sale In Nerja

new development property in nerja, malaga spain

Wonderful villa with private pool in Capistrano.

Private complex with only five homes, all with private pools.

Our villa has extraordinary sea and panoramic views given the south orientation and the location of the property on the corner complex and the frontal views are spectacular.

The recently built house has two floors and has three bedrooms and three bathrooms. On the first floor, there is a large designer kitchen perfectly equipped and furnished with high quality appliances, open to the spacious living room, with beautiful designer furniture. The dining room leads to a magnificent terrace with wonderful sea views. On this floor there is also a large bedroom, a storage area, a beautiful designer bathroom as well as an elegant hall.
On the second floor, there are two large bedrooms, furnished with built-in wardrobes and two designer bathrooms, one of them en suite.

All the rooms in the house have high ceilings, are very bright and spacious, and all have a lot of light given the orientation of the villa. The entire construction is made with top quality materials, with a contemporary design, as well as having a security door, air conditioning, wardrobes in all the rooms and a private parking space at the entrance of the property.

On the top floor of this incredible property we have a solarium with a private pool and magnificent views of the sea, the mountains and panoramic views of the entire town.

If you are looking for one of the leading estate agents in Nerja, then please contact Villasol Real Estate in Nerja for our expert advice.

Explore the diverse range of properties available through our Nerja real estate listings, from charming villas to modern apartments, each offering unique charm and breathtaking scenery.

Detached Villa Situated in Cortijo San Rafael Frigiliana For Sale

villa for sale in Frigilana, Nerja

  • Reference: VSRS1017
  • Price: 550,000 €
  • Property type: Villa
  • Area: Frigiliana Road (Nerja, Málaga)
  • Bedrooms: 3
  • Bathrooms: 2
  • Plot size: 1083 m²
  • Built size: 0 m²
  • Terrace: 0 m²
  • Pool: Private
  • Garden: Private
  • Parking: Ample Garage
  • Orientation: South
  • Views: Coastal, Mountains, Panoramic, Pleasant, Sea, Very good
  • IBI Tax: 0
  • Community Fees: 0

Description

Lovely villa with private pool and large garden situated in the sought-after residential area of Cortijo San Rafael situated between Nerja and Frigiliana.
Designed over two floors plus a garage.

The ground floor is distributed into a fully fitted kitchen with direct access to a back patio, a spacious open plan living & dining area with fireplace and sliding glass doors onto the sunny south facing terrace with panoramic sea views. Upstairs are three double bedrooms with fitted wardrobes and 2 bathrooms.

Frigiliana is one of the most picturesque and authentic Spanish villages in the area, our exciting list of properties for sale in Frigiliana offer great opportunities to buy property in Frigiliana or purchase an investment property on the Eastern Costa Del Sol.

 

 
 

Please use the links below for additional information.

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