SPAIN
What are the alternative ways for non-EU buyers to get residency in Spain ?
There are a couple of avenues still available , one being the recently introduced Digital Nomad Visa . This visa is for any foreigner planning to live in Spain as a resident , working remotely as a freelancer , or for a company in another country . There ’ s also the Non-Lucrative Visa , popular with retirees . In this case , you need to prove your ability to financially support yourself and you need to be resident in Spain for at least 183 days per year . With the Golden Visa , you only theoretically need to visit Spain for one day per year .
People are saying this is the end of the Spanish dream for buyers outside of the EU , what is your professional opinion ?
It is not impossible buyers looking to make a permanent move to Spain . Most of non- EU buyers have been happy to abide by the 90 / 180 access rule or use one of the other visa options available .
Are you worried about the impact of this announcement on the property market on the Costa del Sol ?
The announcement may bring a spike of renewed interest from those seeking to secure the Golden Visa before it gets abolished completely . There is a window of opportunity now , so there is no excuse to wait .
Author Details Sean Woolley is the Founder and Director of leading real estate agency Cloud Nine Spain . With 23 years ’ experience of helping clients buy and sell properties in Spain . He is author of the book From the Ground Up – The Insider ’ s Guide to Buying Spanish Property .
88 REI MAGAZINE SEPTEMBER 2024