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The Non EU National

Your Golden Chance to Come to Spain and Live Forever

After the introduction of the Golden Visa programme since October 2013, Spain has witnessed a whopping 2500% increase in interest. It is among the Middle Eastern buyers for the FY2013-14 when compared to FY2012-13. Any non-EU individual visiting Spain on or after this date will be automatically considered for granting a permanent residency status. However, it is subject to that person’s willingness to invest at least half a million Euros in the local real estate market. This unique self-sponsorship programme has generated a tremendous amount of interest in Asian and Russian buyers also.

Global Settlers Arriving in Spain & Settling

The Great Recession in Spain that began in 2008 had lead to numerous repossessions and the ongoing credit crisis that in turn reduces the property values to a record low. In addition to this, the chance to secure an EU residency had sent the much-needed stimulus to the travel and tourism sector, and many potential buyers are periodically coming to this country from far-flung places around the globe.

Approximately eight million people from different nationalities came to Spain in the month of August alone. The number of Russian citizens rose by 30% during January and July in 2014. The minimum financial commitment is half a million Euros, and the investor is free to spend the sum on one or more than one property; which can be an apartment, villa, house or anything else.

The Balearic Islands gained immense popularity among the foreigners setting feet on the Spanish soil. It has seen around eight billion Euros under the category of international spending. Also, the Mallorca coastline is full of non-EU travelers. They are mainly attracted by isolated coves and sandy beaches, stylish restaurants and cafes, quaint villages, transparent blue waters; and also for the provision of numerous cultural, historical, and leisure activities.

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