Spain looks to be changing its laws in relation to application for residency for countries such as Russia,China,Middle East, Egypt,South America etc. If the new regulations come into place it would mean that property purchased over the value of 160.000€ will allow the purchaser to apply for residency.
http://www.cbsnews.com/8301-505123_162-57551801/spain-tries-to-lure-foreign-real-estate-buyers/
Propex Spain & PropertyBenalmadena.com Blog
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C.C El Campanario 8f Mijas Costa, MA, 29649 Spain
info@propertybenalmadena.com • 0034669769794
This is way more helpful than anything else I’ve looked at.
Many thanks Lainey