The visa, called the Spanish Gold Visa or the Spanish Entrepreneur visa, will be granted to foreign investors who spend a minimum of 500,000 Euros on the purchase of a residential real estate or a portfolio of properties. While the investment can be used to purchase property located anywhere in Spain, the six most popular areas are Barcelona, Costa Blanca, Madrid, the Balearic Islands, Costa del Sol, and Murcia.
- Costa Blanca is a scenic and picturesque area of Spain that boasts the country’s best international schools which are conducted in the British curriculum. Moreover, Costa Blanca is equidistant from the Alicante and Valencia airports, with nearby ferry connections to the Majorca and Ibiza islands.
- The Balearic Islands of Mallorca and Ibiza are located off the eastern coast of Spain in the beautiful Mediterranean Sea. Mallorca, the largest island, is an increasingly popular tourist destination in the summer months, drawing crowds of hundreds of thousands of visitors. The Balearic Islands and Mallorca and Ibiza in particular have long been tourist destinations, owing in no small part to the 18 golf courses, numerous beaches, and popular nightlife on the islands. Investors choosing to purchase property in the Balearic Islands would likely take the time to enjoy all of the activities the region has to offer.
- The Murcia area is unique amongst the other regions in the country as the house properties are located almost exclusively on residential golf resorts. This option is ideal for foreign investors looking to expand their real estate portfolio to include properties that can be easily rented to vacationers in the summer months and then to avid golfers throughout the rest of the year. However, the Murcia resorts have also cultivated a family friendly environment with multiple international schools and gated residences protected by security officers.
- The Costa del Sol region is also a popular destination for tourists and foreign nationals seeking a second European residence. It has miles of beautiful beaches, popular shopping plazas and more than 70 golf courses. This area, which functions as a vacation hotspot all year long, also is a perfect destination for a family as the Costa de Sol area maintains international schools that offer international baccalaureate programs or UK accreditation which prepares students for entrance and admission into UK and international universities.