Can You Get Spanish Residency Through Property Investment?

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Can You Get Spanish Residency Through Property Investment?

Thinking about living in sunny Spain? You’re not alone. Many people dream of enjoying the Mediterranean lifestyle, tasty food, and laid-back pace of life. A common question people ask is whether buying a property in Spain can help you get residency. The short answer is yes — but there are a few things to keep in mind.

Spain offers something called a “Golden Visa.” This program is for non-EU citizens who invest a certain amount of money in the country, usually through real estate. To qualify, you need to buy property worth at least €500,000. This can be one property or several, as long as the total value meets the requirement.

Once you’ve made the investment and applied, you can receive a residency visa that lets you live in Spain. One nice thing about the Golden Visa is that you don’t have to live in Spain full-time. If you just want to spend part of the year there, that's perfectly fine. But if you do decide to stay longer, it can lead to permanent residency after five years and possibly citizenship after ten.

The process involves a few steps. First, you buy the property. Then you apply for the visa, showing proof of the investment along with other documents like health insurance, a clean criminal record, and proof that you can support yourself financially. It’s also important to keep the investment during the time you want to keep the visa.

Keep in mind that taxes, legal paperwork, and fees are also part of the process. It’s a good idea to get help from someone who knows how the system works so you understand what to expect.

Some people also ask if buying cheaper property, below the €500,000 mark, gives any special benefits. The answer is no — it won’t get you residency rights, but it still allows you to enjoy vacations and apply for standard visas if needed.

So, can you get residency in Spain through property investment? Yes — if your investment meets the requirements. It’s a great option for people who want a foothold in Europe while enjoying all that Spain has to offer. Just make sure you know the rules before diving in. The sunshine and sangria await!