Spain Offering Residency To Spur Property

Category: Real estate, Posted:11 Dec 2012 | 06:00 am

One of Europe's real estate basket cases remains Spain. Pancakes might be flat, but the Spanish sector remains below sea level in broad terms.
Now a new initiative is being tabled to offer residency permits for non-E.U. country buyers.
High profile targets remains Russians and Asians (i.e. mainly Chinese).
A threshold for the entitlement has been reported to be EUR160,000

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