Real Estate in Spain: Projections and Investment Opportunities for Chileans

In recent years, the real estate sector in Spain has experienced sustained growth. Positive figures and a marked recovery after the financial crisis of 2008 make this market a great investment opportunity.

A Financial Times publication highlights that “while other European real estate markets are experiencing price declines (a cumulative fall of 2.5% in Germany in the second half of 2022, for example), the foundations of the Spanish market point to growth.”

These are not the only positive indicators. According to the 2024 version of the “European Investor Intentions Survey“, conducted by the commercial real estate investment and services company CBRE, Spain ranks fourth among the top 10 European countries most attractive to investors, after the United Kingdom, Germany, and Poland.

It is noteworthy in this report that Spain is the only country with two cities, Madrid and Barcelona, in the 3rd and 7th place in the ranking of the top 10 favorite European cities for investment.

It is also worth noting that one of the reasons investors cite for preferring Spain is the advances the country is making in Environmental, Social, and Governance (ESG) criteria, as well as in digitalization.

Does the Iberian country have attractive opportunities for Chileans?

Everything indicates that it does. By 2022, a majority of national investors are directing their interest abroad: 80%, to be exact, with amounts close to US$10 billion. Additionally, around 10% of Chileans living abroad are in Spain.

It is also impossible to ignore the fact that in 2023, the European Union updated its Trade Agreement with Chile, which undoubtedly brings advantages for any investor interested in the Iberian country.

And undoubtedly, a major factor of interest has to do with the Golden Visa. Because a real estate investment, starting from €500,000, grants the interested party legal residence in Spain. What this means for Chileans (and Latin Americans in general) is that after 2 years, they can apply for Spanish nationality, and with it, the passport.

The Spanish “golden visa” has the characteristic of having a fairly fast review and approval time, and can be resolved in three weeks. In addition to this, there are new tax regimes that offer interesting benefits to foreigners who come to settle or invest.

If you are interested in real estate investment in Spain, or are intrigued by its Golden Visa program, at AIM Global, we have a team with vast experience in the field. We can also offer you attractive properties in Madrid. Do not delay this decision any longer and schedule a meeting with us. We help you to realize your international mobility projects.

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