Spain is the most popular holiday destination within the European Union. A large British expat community and a growing Dutch, German and Scandinavian expat community are all well established in areas like Costa Blanca (Javea, Moraira, Alicante, Benidorm, Altea, Calpe, La Zenia …) and the Balearic Islands (Mallorca, Ibiza…), which they share and enjoy with the local population. The popularity of Spain is no surprise, with a very relaxed and enjoyable lifestyle, fresh local Mediterranean diet and over 300 days of sunshine annually. The World Health Organisation has even recognised Costa Blanca North as one of the healthiest places in the world in which to live, with an average annual temperature of 20°C. Spain, and the Mediterranean in particular, has the highest average life expectancy among EU countries. Having a dream home by the Mediterranean Sea, enjoying the idyllic lifestyle and spending time with your family is priceless. Cities like Valencia, Madrid, Barcelona, Seville, Granada or Bilbao are ideal for a short holiday within the country.
An investment in real estate in Spain of €500,000 or more automatically provides you with the right to reside in Europe. The purchase must be a cash payment and the property must be within the Spanish territory (including the Balearic and Canary Islands). The process is relatively straightforward but must be undertaken and supervised by professional immigration company to ensure all legal requirements are fulfilled. There is no need to spend time in Spain, however a visit must be made to the country at least once every year (no minimum stay required).
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