Just short of the 500 k for the Golden Visa – is there a way to still get one?

[bc1050]

Hi,

I just bought a place in Spain for 485,000 and am interested to know if there is a way to somehow still get the golden visa ? I plan to invest a considerable sum in renovating the property also

Thanks in advance for any advice

[Mark Stücklin]

The figure that counts for a Golden Visa is the total value of investment in property registered on deeds of purchase inscribed in the Land Registry (el Registro in Spanish). You’ll need to check with a lawyer specialising in Golden Visa applications, but I don’t think money spent on renovations will count. However, if you buy another property like a parking space for €15,000 that will count to your investment and take you to the €500,000 level that entitles you to apply for a Spanish Golden Visa.

[Author]

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