New Legislation – Buy A House In Spain And You Get Your Residency For Free

Have you ever wanted to live in Spain? Read about Spain’s new home-buying proposal for foreigners, which comes complete with a residency permit!

Because Spain’s real estate market is struggling, Spanish officials are looking for ways to kick start real estate investment. If foreign real estate buyers spend a minimum of 160,000 euros (£130,000 pounds or $209,482) on Spanish property, they are eligible for residency permits.

There are some downsides: you won’t be eligible to work, and you can’t travel freely between other countries like those who hold a Spanish passport.

This article does a great job of exploring the benefits and limitations of the new policy.More details here : www.iexpats.com

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