The Spanish Property market poses many benefits which attract foreign investors from around the world. The most common nationalities who invest in new property projects in Spain are Brits, germans, Swiss and Scandinavians with strong currencies against the Europe and who seek warmer climates, safe and accessible expat community and good investment opportunities.
What Germans require to invest in Spanish property market?
NIE which is a unique and exclusive identification number of sequential nature is required to buy a property in Spain. Foreigners may apply for the NIE in person or through an authorised representative.
When it comes to buying a property in Spain, real estate management services in Spain can streamline the process. A real estate agent can help you find the perfect property for your requirements at a good deal and when you have finalised on a property, the agent can draw up the contract that will serve to expedite the processing of the NIE.
Get a Visa by buying a property
Spain currently offers a ‘Golden Visa’ program which is a form of investors visa. If you invest EUR 500,000 in a Spanish Property (one or more than one properties), you will automatically be eligible for a residency visa. This visa will allow you to live in the country and is not a work permit.
Can a foreigner apply for a mortgage in Spain?
In Spain, foreigners are granted loans without the necessity of having a Spanish residency. They usually are subject to same mortgage rules and laws as Spanish residents. In principle, foreigners may have a bank account in their home country , but it is recommended that property buyers have an account in a bank which has new build villas for sale. There many Spanish banking companies operating abroad.
Where to find Spanish properties?
Real estate management services can help you find your perfect Spanish property. Other than that, there are several property portals with various property options in their listings, from new property projects to off plan development. As foreigners are not required to acquire citizenship for buying a property, it is possible to purchase a Spanish property sitting at your own home in your home country.
Mxm-newhomes is one such real estate management firm and online property portal with hundreds of Spanish properties under their management. Their online portal features new build villas for sale in Sapin, apartments, townhouses and many property options in the best locations in the Spanish coast.
This post first appeared on Best Areas In Marbella To Invest In A Holiday Home | MXM Newhomes, please read the originial post: here
