Six Reasons to Consider Spanish Residency Visa

If you are looking for a second residency programme which also has a number of other benefits, Spain could be the country for you. Below are six reasons why you should be considering the Spanish Golden Visa programme.

1. Rising Real Estate Prices

According to several market surveys, the property prices in Spain have risen continually since the Spanish property crash in 2008. The market has shown significant signs of growth each year and statistics indicate that this pattern will continue to rise over the coming years.  In 2018 alone, there was an 11.5% increase in property transactions compared to the previous year. The average price per square metre has also risen in the last year from €1,586 per square metre to €1,720 per square metre, an increase of 8%.

2. Healthiest Climate in World

According to the World Health Organisation and other extensive research, Spain is ranked as one of the healthiest countries in the world. This is probably largely due its warm climate, healthy Mediterranean diet and the Spanish people’s passion for promenading daily. Average life expectancy is over 81 years old, which ranks higher than USA, Canada and the UK.

3. Lifestyle

Spain offers a fantastic lifestyle for expats. Asides from the benefits mentioned above, regions such as the Costa Blanca are popular destinations for foreign buyers due to the glorious beaches, vast selection of golf resorts and perfect conditions for water sports. This region also has 300 days of sunshine every year.

4. Visa Free Travel

A Spanish Golden Visa / residency permit will enable one to travel more freely round the whole of EU schengen zone. Spanish residency means that you can spend unlimited time in Spain and 90 days at a time in any other schengen country, every six months. Perfect for regular business travellers.

5. Citizenship

Whilst many investors apply for the Spanish Golden Visa just so they can benefit from a residency permit, there is also the opportunity to apply for Citizenship and a Spanish passport after 10 years. For those whose long term goal is Citizenship, it is important to note that you would need to reside in Spain for a minimum of 182 days each year.

6. Safety

Spain is the world’s second most-visited country in the world and is considered to be a very safe country with little serious crime. According to the Global Peace Index it is ranked as the 30th safest country in the world, way ahead of the likes of the UK and USA.

La Vida have been selling property in Spain for 15 years and have dealt with the Golden Visa programme since it was launched in 2013. We have a vast property portfolio in a number of areas across Spain including, the Costa Blanca, Costa del Sol and Barcelona.