Barcelona dominates the Spanish Golden Visa market

People from non-EU countries are coming to Spain

People from Turkey, the Middle East and even Syria are flocking to Barcelona for a golden visa!

As a leading real estate agency in Barcelona, Casamona has been noticing an increasing trend in property investment in return for a Golden Visa. In fact, three of our recent buyers, two of whom come from Turkey, have taken a step closer to earning Spanish residency permits by purchasing properties through the agency.

Given this situation as well as our thirteen-year experience in the real estate scene, Casamona aims to assist more foreign clients upon coming to Barcelona in the future. Thus, we are now in need of apartments in Eixample for more than €500,000!

What is a Golden Visa?

Through the Golden Visa program, non-EU nationals can earn residency permits and possibly citizenship in Spain by investing €500,000 or more in real estate. Since its introduction in 2013, the scheme has proven to be extremely well-received, especially after the government extended the benefits to include investors’ family members in 2015. For more information, click here.

Barcelona dominates the domestic golden visa market

While there are many areas in Spain that can appeal to foreign buyers, Barcelona is currently taking the lead, being the selected destination for almost 50% of people who invested for a Spanish golden visa. Malaga province comes second with 17%, and next is Madrid with 14%. Barcelona dominates by a wide margin as it’s a popular choice for Chinese investors, who take up approximately 40% of the market.

Source: www.spanishpropertyinsight.com

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