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The new visa for digital nomads in Spain has been published and is now available for all foreigners who wish to work remotely in the country. In this article, we present a complete guide on all the necessary requirements for this new residency, the tax benefits that can be obtained, and other important legal tips to keep in mind before applying.
Co-ownership is a business model that is revolutionizing the second home market in Spain. This model allows those interested in acquiring a second home to divide the property equally and buy a fraction of it. The fractions that a single buyer can acquire can never reach 50% of the total. Expenses are divided among co-owners and the right to enjoy the property is for six weeks per year, including one week during high season.
The Golden Visa is a program that offers foreign investors the opportunity to obtain residency in Spain, and therefore in all European countries affiliated with the Schengen Area, in exchange for a significant investment in the country. The program has been popular among investors seeking a way to obtain residency in Europe, as it is essentially a shortcut for those willing to purchase a real estate property of €500,000 or more in Spanish territory.
Americans significantly increased the purchase of homes in Spain, with a 90% increase in transactions since 2019. In the first half of 2022 alone, they bought 1,162 homes, 75.5% more than in the same period of 2021. Experts point to structural and cyclical factors to explain this bullish trend. Spain is seen as an investment option in luxury properties.
Malaga, located on the Costa del Sol, is known for its warm climate, beaches, and tourist attractions. However, it is also a very attractive place for those looking for a luxury home. According to a report by the real estate platform Idealista, Malaga is the second Spanish province with the most expensive villas, after the Balearic Islands.
Malaga has become one of the most popular destinations for foreigners looking to buy a house in Spain. In 2022, the province of Malaga witnessed a significant increase in the number of home purchases by foreigners, with a total of 13,908 transactions registered, according to the latest data published by the General Council of Notaries.
Marbella is about to become the first city in Andalusia with an urban plan adapted to the new regional law for the sustainability of its territory (LISTA). The city's local government has approved the initial proposal for its Municipal General Urban Development Plan (PGOU).
The real estate market in Malaga is breaking records, with sales and rental prices reaching historic levels. The increase in demand for buying has led to a "buy now or never" moment, while rental prices have risen over 30% year on year.
