- April 24, 2017
- Posted by: CIP Journal
- Category: Golden visa, Real estate, Residency
Chinese and Russians are the leading investors in Spain’s golden visa scheme.
According to El Pais, 2,236 foreign investors invested in Spanish golden visa scheme bringing €2.16 billion investment in 3 years into Spain. 59.4% of the investors are Chinese and Russians.
70% of the total investment injected into real estate market in Spain. The most popular locations to buy a property are Barcelona, Malaga, Alicante, Madrid.
The spanish “golden visa” scheme grant residency to investors and family members against investment in 500,000 euros property investment, 1 million in stocks, 2 million in spanish treasury bonds or 1 million in businesses.
The number of Brits buying a home in Spain has fallen thanks to Brexit and falling value of Pound.
Portugal, neighbour of Spain, on the other hand has brought €3 billion total investment in 2017 through the Golden visa scheme in Portugal.