Real estate in Spain can be bought by citizens of any country in the world. There is no need to become a resident, obtain a residence permit or any permission from local authorities to carry out the transaction. For example, Sarapes del Golf property can be registered to an individual or a legal entity.
Foreigners are traditionally very active in the local market. The majority of sales are accounted for by the British, French, Germans and Chinese. Capanes del Golf in Benahavis has already become a popular destination.
What types of real estate are foreigners allowed to buy?
There are also no restrictions on the types of real estate that can belong to foreigners in the country. It is allowed to acquire full ownership of apartments in the primary and secondary markets, for example, Capanes del Golf Apartments for sale. You can also purchase villas with land, undeveloped plots, any type of commercial real estate. However, in some regions, foreigners from non-EU countries need to obtain a permit from the Spanish Ministry of Defense before buying.
What rights does a foreigner get after buying a property in Spain?
The owner of any property, regardless of its value, can apply for a multiple-entry Schengen visa. According to it, you can stay in the country for up to 90 days in half a year. If you need to stay in Spain longer, you need to apply for a residence permit.
In 2013, the so-called “Golden Visa” law came into force. Since then, all buyers who have invested in real estate from €500 thousand have received the right to issue a residence permit for all family members. Over the years, the program has been finalized several times and, taking into account the latest amendments, has become one of the most popular in the European Union.