Spain ends ‘Golden Visa’ to curb property speculation

by nerjaloversNerjaPosted on No Comments

The property market (real estate market) may experience new changes. The elimination of the Golden Visa may mean a drop in purchases by English and Swedes in Spain. And a drop in housing prices due to great demand from foreign buyers. Or much worse. Stagnation of the real estate market.

👉 More about Spain visa 🛂

The Golden Visa in Spain is a type of visa that is granted to foreign investors who make a significant investment in Spain. This visa program allows non-European Union citizens to legally reside in Spain in exchange for a minimum investment in certain sectors of the Spanish economy, such as real estate, business projects or investment funds.

To obtain the Golden Visa in Spain, it is necessary to meet certain requirements, such as investing at least 500,000 euros in real estate, creating a business project that generates employment in the country or making an investment in Spanish investment funds for a value of at least 1 million euros.

Once the Golden Visa is granted, the holder can legally reside in Spain for an initial period of one year, and then renew the visa for additional periods of two years. In addition, the visa allows free movement through the Schengen area, making travel through Europe easier.

The Golden Visa in Spain is an attractive way for foreign investors to obtain legal residency in the country in exchange for making a significant investment in the Spanish economy.

Golden Visa = Real estate speculation

This program “supposedly” benefited real estate speculation because it incentivized foreign investors to buy properties in Spain with the sole objective of obtaining residency, without necessarily having the intention of residing in the country or contributing to the local economy in a significant way. This drove demand for property and could increase prices, which in turn could make housing more difficult for local residents to access.

Furthermore, the Golden visa program in Spain did not require a commitment to stay in the country from investors, which meant that they could purchase property and obtain residency without actually having to reside in Spain, which could contribute to the speculation and rising prices in the real estate market.

Golden Visa Costa del Sol

The elimination of the Golden visa for investments and individuals on the Costa del Sol could have several negative effects on the economy and real estate sector in the region. Its results are yet to be determined.

Firstly, the Golden visa has been an important incentive to attract foreign investors to the Costa del Sol, which has contributed to the growth of the real estate and tourism market in the region. The elimination of this program could reduce the amount of foreign investment in the area, which in turn could negatively impact economic activity and job creation on the Costa del Sol.

The Golden visa has been a tool to attract high-net-worth individuals who buy luxury properties in the region, which has contributed to the development of a high-end real estate market on the Costa del Sol. Without the Golden visa, it is possible demand for luxury properties in the region will reduce, which could affect house prices and the profitability of real estate projects.

Golden Visa Nerja

The market in Nerja could lead to a drop in property prices. The elimination of the Golden visa for investments and individuals on the Costa del Sol could have a negative impact on the economy and real estate sector in the region, reducing foreign investment and demand for luxury properties in the area. But also making the market cheaper so that local people can invest in properties.

Opportunities to invest in Spain

by nerjaloversNerjaPosted on No Comments

In Nerja, as in other towns on the Costa del Sol, a wide variety of new businesses have emerged in recent years. Among the most popular are restaurants and bars, clothing and beach goods stores, real estate agencies, car rental companies and tourist services, as well as businesses related to the construction and renovation sector.

Most profitable businesses on the Spanish coasts

The most profitable businesses on the Spanish coasts are usually related to tourism and hospitality. Bars and restaurants, hotels, travel agencies, car rental companies and tourist activities, as well as souvenir and beach items stores, are some of the most successful. These businesses can generate a large amount of income, depending on the location, quality of service and the tourist season.

Citizens who open the most businesses in Spain

According to recent statistics, foreign citizens are the ones who open the most businesses in Spain, especially in tourist areas such as the Costa del Sol. The majority come from European countries such as the United Kingdom, Germany, France and the Netherlands. They usually opt for businesses related to tourism, restaurants, commerce and construction.

Is it profitable to start a business on the Costa del Sol?

Setting up a business on the Costa del Sol can be very profitable if you choose the sector well and offer a quality product or service. The high influx of tourists throughout the year, the pleasant climate and the well-developed tourist infrastructure make this area an ideal place to start a business. However, it is important to take into account the competition, the seasonality of tourism and the initial investment required to start the business. With good planning and strategy, it is possible to obtain good profits on the Costa del Sol.

Profitable businesses to set up in Spain

Some of the most profitable businesses in Spain are related to the technology and innovation sector, the tourism sector (especially in beach destinations such as the Costa del Sol), the food and beverage industry, the real estate sector and the economy. collaborative. In these sectors, it is possible to earn a lot of money if you have a good strategy and offer a quality product or service.

Best location to open a business in Nerja

The best location to open a business in Nerja will be related to the type of business. It must be taken into account that it is a popular tourist destination on the Costa del Sol, so places close to the beach, the historic center or areas with high tourist traffic are usually the most recommended. Opening a business in a central, well-connected location can increase your chances of success. Example: Parador Zone, Balcon de Europa, Burriana Beach.

How much does it cost to open a new business?

The approximate cost of setting up a business on the Costa del Sol may vary depending on the type of business, the size of the premises, the necessary permits and other factors. In general, it is estimated that the cost of opening a business on the Costa del Sol can be around 20,000-50,000 euros, although this can vary significantly.

Types of businesses most in demand in Spain

The businesses most in demand by tourists in the Nerja area are the sectors related to hospitality and tourism. These businesses usually have high demand. Bars, restaurants, hotels, souvenir shops and tourist activities are some of the most popular businesses among tourists on the Costa del Sol.

Hospitality and tourism businesses

Many people invest in the area by buying an apartment to rent as a tourist. You can find many business opportunities on the Nerja forum. In recent years, hotel and apartment business has increased. Many people invest in buying a home in Nerja and then putting the apartments for vacation rentals on Airbnb or booking. They also offer it to rent directly from the owner on the forum.

Requirements to open a new business

To obtain the necessary license to open a business in Nerja, it is necessary to contact the local City Council and request the corresponding opening license. It is important to comply with all local legal requirements and regulations to avoid future problems. It is advisable to hire an advisor or manager specialized in legal and administrative procedures to ensure that everything is in order.

Where the British invest in Spain

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According to data from the National Institute of Statistics (INE), more than 241,000 British citizens reside in Spain, many of whom are businessmen and entrepreneurs with businesses in the country. It is estimated that English businesses in Spain generate around 6,000 million euros a year.

English people with businesses in Spain tend to live mainly in coastal areas, such as the Costa del Sol, the Costa Blanca and the Balearic Islands, where a large British community is concentrated. It is also common to find English businesses in cities like Madrid and Barcelona.

Where the British invest in Spain

Here is a list of the businesses that open the most or where the British invest the most in Spain. (young people, adults and expatriates)

  1. British bars and pubs: Many English people decide to open bars and pubs that offer beers, typical English foods and a cozy atmosphere similar to that found in their country of origin.
  2. Real estate agencies: Many English people decide to set up real estate agencies in Spain to help other compatriots find properties to buy or rent in the country.
  3. Language schools: Since English is a highly in-demand language in Spain, many English people decide to set up language schools to teach English to local students.
  4. Tourism businesses: Some English people decide to set up businesses related to tourism, such as travel agencies specialized in destinations in Spain, hotels, hostels or tourist activities.
  5. Clothing and accessories stores: Some British entrepreneurs decide to set up clothing and accessories stores in Spain, offering British and European fashion products to local consumers.
  6. Restaurants and cafes: Some English people set up restaurants and cafes in Spain that offer typical British food, such as fish and chips, roast beef, scones, among other popular dishes in the United Kingdom.

House with 5 floors in the center. Ideal to manage as a hostel. For sale from €240,000 (negotiable)

by faqsQuestionsPosted on No Comments

📌 Post here or ask your question

We have decided to sell our house in the Competa, Axarquia. Next to the main town square. just 35 minutes drive from Nerja. and 25 minutes from Torrox.. It is a small house with 5 floors. Access to two streets. Rooms, bathrooms and terraces with views of the church and the mountains. It is sold from €240,000. It can be seen and negotiated. I send more photos by email.

Old house, with 3 upper floors. And two lower floors. (The two lower floors are accessed through the back street. The upper floors have balconies facing the main street. An ideal house for investors. Or also for people looking for a quiet town house and to be able to rent rooms. Write me and we’ll talk.

Mar.

Contact with Mar here:

    I am going to invest in Nerja! 🤞🍀

    by faqsQuestionsPosted on No Comments

    The Nerja Lovers agents are helping me to find a home in Nerja. We have already seen several properties in Nerja. (We have traveled twice to see the future house of our dreams). I have also met with the lawyers in Nerja to fix my residency papers. I am going to buy a house and start a business in Nerja. I look forward to a new life for my family. We’ll be in touch. Harry K.

    Hi Harry, Thank you for your message. Our real estate agents will keep in touch with you to help you find a suitable home. I hope you can start your new life in Nerja this summer 🙂

    You need help to buy or sell a house in Nerja.

    Write to us and we will help you: – Write to the Nerja lovers team –

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    Do you have more doubts? Ask here

    Related links:

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    📌 Apartamentos Nerja Holidays