The law allowing non-EU nationals to get qualified Spanish residency and Schengen-area access has now been passed by the legislature, and just needs to be published in the official gazette.
The Senate approved it the week before last, and now the Congress of Deputies has approved it too, last Thursday.
That means the final version of the law has now been approved. There will be no more changes, and non-EU nationals will be able to get a qualified residency permit in return for an investment of €500,000 or more in Spanish property.
But as I try to make clear in my guide to Spanish residency for non-EU nationals who invest in Spanish property, the important thing is to focus on the quality of the investment, not on the residency permit, which now becomes just a formality.
The bill now has to be published in the official gazette (BOE), after which it becomes law. That should happen in the next few days.
The law is retroactive with regard to property investments, so non-EU nationals who have already invested €500,000 in Spanish real estate will be able to get these residency permits.