…pretty much hasn’t stopped falling on the housing market:
Spain offers residency to anyone buying a home worth more than £130,000 in bid to save its housing market
- Spain has more than 700,000 unsold houses after real estate market collapse
- New policy would see foreigners given residency permits if they buy houses worth more than 160,000 euros – approximately £128,500
Spain plans to offer foreigners residency permits if they buy houses worth more than 160,000 euros – approximately £128,500 – to try and reduce the country’s bloated stock of unsold homes.
Spain currently has more than 700,000 unsold houses following the collapse of its real estate market in 2008.
Trade Ministry secretary Jaime Garcia-Legaz said the plan, expected to be approved in the coming weeks, would be aimed principally at the Chinese and Russian markets as the domestic demand was stagnant and showed no sign of improving.
But you can be a Spanish citizen…