Spain: a proposal to grant resident status to property purchasers

[Perikles]

Here is a report saying they are planning to give rights of residence to anybody buying a property worth more than 160,000 euros. This is aimed at the Russian and Chinese markets.

[Myrtle Hogan-Lance]

"No se puede poner un límite de precio más bajo, porque generaría una demanda masiva de permisos de residencia y la vivienda sería la excusa para conseguirlos"

I'd argue they pegged it too low and should raise it to around €500K.

[Janet]

The Mail has the story now .... the comments are worth reading for the average Mail reader's view of Spain .....

Linky

[Nova]

Those "land grab" stories did a lot of damage to Spain's reputation among the ignorant, didn't they? 

[Janet]

oh yes. And you try telling anyone that this only applies in "Valencia" (in the very general and larger sense ... )

They only have themselves to bloody blame!

[Michael]

The Mail has the story now .... the comments are worth reading for the average Mail reader's view of Spain .....

Linky

Be fair Janet. This is the Mail we're talking about.