The new law on Residency for Real Estate Investors became effective on the 2nd October 2013. This law says that Investors, spending a minimum of 500,000 Euros on residential real estate, will obtain a visa for Spain.
This has resulted in a major boost for the foreign customer when buying an apartment in Spain, specially russian ones.
The interest of both Chinese and Russians customers for buying property in Spain is a proven fact. The weight of these two nationalities within the sales statistics is growing. They are highly solvent customers and usually what they are looking for is good climate and quality housing.
This is very good for those owners who want to sell quality homes. Besides this type of buyers are doing this purchasing primarily as public investment, as opposed to local buyers, who generally buy real estate as a primary residence.
In our real estate agency have the necessary expertise to carry out such operations because we know very well this type of russian customers.