Spain has long been an attractive destination for foreign private real estate investors seeking a reasonable, safe, private placement in addition to an attractive lifestyle.
Facing a downturn in the local property market, the Spanish government in 2013 adopted a new incentive scheme to attract foreign investors, offering residency in exchange for property purchases (the so-called “Golden Visa”).
The initiative proved a success. After Brexit, its appeal has strengthened, as the role of the UK as a safe European haven has waned. This article addresses some of the key elements of this incentive regime for Asian investors.
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ALFONSO AUTUORI is a lawyer at the Barcelona office of ECIJA, which is a member of Meritas Law Firms Worldwide
Avda. Diagonal, 458, 8ª planta
08006 Barcelona, Spain
Tel: +34 933 808 255