Cost of real estate in Spain for immigration

To officially move to Spain or create an alternate airport for life in this country, the most recommended way is to invest. The minimum investment amount to obtain emigrant status in Spain is 500 thousand euros in real estate. However, in addition to this, future residents of Spain should also take into account additional costs.

Required amount of investment in real estate for emigration to Spain

In fact, a known amount of investment in real estate in Spain is not enough to emigrate. Five hundred thousand euros is just the cost of the object. In addition to this amount, you will have to pay additionally

• The tax on the transfer of property rights ranges from 6 to 10%, depending on the autonomous region, when purchasing secondary housing.
• VAT on the purchase of new housing is 10% of the cost of the property, and on the purchase of commercial real estate - 21%.
• Stamp duty varies from 0.1% to 2%, depending on the region.
• The costs of a notary, registration of a transaction and other related expenses can amount to up to 1-2 thousand euros.
• The agent commission depends on the specific situation and can range from 2 to 5%.

Additional expenses

There are also additional costs not directly related to real estate. First, the investor needs to obtain ΝΙΕ and translate all documents into Spanish.

Secondly, you must have sufficient funds to live in Spain. It is believed that at least four IPREMs (Spanish minimum wages) are required per month for the main applicant and one for each family member.

In 2024, the IPREM is 600 euros. Therefore, it is necessary to have funds for one year: 4 times 600 euros and times 12, which is 28,800 euros for the main applicant. For each family member you will need 600 euros multiplied by 12, which is 7,200 euros. For a family of four this would be 50,400 euros.

For how many years should you invest money?

The general procedure for emigrating to Spain through real estate investment is as follows. First, a residence permit (residence permit) is issued for a period of two years. Then the residence permit is extended for another five years. After this, you can obtain permanent residence (permanent residence) and withdraw the invested money from the investment.

Thus, to emigrate to Spain you need to invest in real estate for at least five years. However, to obtain permanent residence you must actually move to Spain and live there for a certain amount of time. At the same time, there are no such requirements for a residence permit under a golden visa.

What type of real estate to choose to obtain a residence permit in Spain

The most rational option is to invest in commercial real estate. This will not only allow you to move to Spain, but will also provide you with a stable income. To begin with, we invite you to familiarize yourself with our exclusive catalog of objects available to our clients and partners.