People often mistake two terms: residence permit (residence) and citizenship. To obtain Spanish citizenship by purchasing real estate first you should get a residence permit in this country, which will give you almost the same rights that Spanish citizens have. Our company offers a wide variety of real estate objects in Spain. Our specialists can help you not only to choose an appropriate object, fitting your preferences, but also to process the documents in the right way when purchasing it into ownership.
Prices for flats, villas, houses and suites of rooms in Spain have decreased radically with crisis. Supply is many times higher than demand, that's why now it's possible to purchase good Spanish real estate at reasonable prices.
Another positive aspect was hearing at the Spanish parliament, concerning foreign citizens, purchasing real estate, costing more than 160 thousand euro, where the majority voted for this law. When this law is passed, foreign citizens will be able to apply for a simplified procedure of obtaining residence permits. Also even people with long-term lease will be able to apply for obtaining residence permits. The key phrase here is "will be able to apply", because even today it is possible to obtain a Spanish residence permit even if the purchase is for lesser sum.
Let's enlist the main requirements that the consulate demands for obtaining a residence permit in Spain:
There will be differences in issuing a residence permit in Spain when obtaining documents without the right for work, when having contract or business work, when studying at Spain, etc.