Buying homes in Spain by Chinese

10/09/2016 16:11

Buying homes in Spain by Chinese

The acquisition of real estate by Asian citizens have increasingly noted that already in 2014increased the purchase of real estate by 25% across the country, and that figure was in that year alone. The preferred destinations by the Chinese when investing in real estate have been Madrid and the Basque Country, where both lead the purchase of real estate by foreign citizens, even surpassing other outsiders the same European continent. But Needless to say, the purchase rate varies from city to city.

In Madrid, the Chinese are leaders clearly, since one of the conditions set by the Spanish government for Chinese citizens to acquire their residence through the Gold visa, is buying a property whose value exceeds 500 000 euros, which restricts some possibilities. Therefore, buyers focus on luxury properties in the most exclusive areas of the city, where most departments acquire exceeding 100 square meters, ie, properties of good size, being very attractive capital.

For the same reason they include the Basque Country, Barcelona and Valencia, cities with airport facilities and connections also have flight to Beijing or Hong Kong. Another reason is that beyond luxury seeking, it was found that Chinese enjoy more shopping to sightseeing above be performing on a coast beach activities. So some tourist areas of Spain by tradition Marbella, Mallorca, Ibiza and Malaga, are not within the first Asian options to visit or live.