Property in Barcelona for a residency permit
Investing in real estate for sale in Barcelona attracts those aiming to relocate to Europe or those seeking a steady passive income. The website Citizenship-By.Investments offers a wide selection of real estate that meets all criteria at any time. Acquiring a home in the capital of Catalonia doesn't require significant effort, and you will be fully satisfied with the characteristics of the apartment, villa, or penthouse.
Additionally, the catalogue features newly constructed real estate in Barcelona, ideal for long-term investments or when there’s no immediate urgency to relocate.
Catalonia’s capital consistently ranks as one of Spain's most popular cities among tourists. Visitors come to explore the magnificent architectural works of the legendary Gaudí, enjoy shopping, and, of course, relax on the beaches. Many tourists, after just one or two visits, decide to purchase real estate here and obtain temporary residency, especially since the process is relatively simple. Those interested in acquiring residency through properties in Barcelona, Spain, can choose from a variety of options offered by developers and agencies:
- Cozy studios with efficient use of space.
- Apartments with different bedroom counts (from 1–2 to 4–5) in new developments or existing high-rises.
- Penthouses for luxury interior and exclusive design enthusiasts.
- Small homes in bustling neighbourhoods.
- Luxurious villas with pools and other amenities.
- Land plots where you can build your dream home based on your project.
Residence permit in Spain by buying property in Barcelona
For various reasons, many foreigners decide to relocate, and Spain, particularly Barcelona, stands out as one of the best options for this move. You can apply for a residence permit through investment if:
- You become the owner of a property for sale in Barcelona worth more than €500,000.
- You correctly gather all the necessary documents, fill out the application, and submit it to the immigration office.
- You meet all the requirements outlined by national legislation. Only adult foreigners with an annual income of at least €28,800, free from severe health issues, and with a positive immigration history, are eligible for temporary residency.
The residence permit obtained through investment is valid for three years, after which you can apply for permanent residency and eventually citizenship if you reside in the country for 10 years.
Investment real estate in Barcelona
Despite the relatively high property prices in Barcelona, many people are eager to become homeowners here. This is due to several factors:
- Homeowners can apply for a Golden Visa, allowing them to travel freely within the Schengen Zone.
- The city boasts unique architecture and numerous attractions, including the Sagrada Família, the Gothic church of Santa Maria del Mar, the bohemian district of artists and creatives Barri de Gracia, and more.
- The city offers 5 km of beaches for sunbathing and swimming.
- The city's tourism infrastructure is continuously evolving.
- There are excellent conditions for relocation, with prestigious schools and universities, and a large Russian-speaking expatriate community.
- There are housing options available for buyers with various financial capacities, ranging from €115,000 to €20-30 million.
- Prices of investing property in Barcelona increase by 2–6% annually, making it easy to resell your asset at a profit if desired.
If you have the financial means and follow the necessary documentation procedures, any foreigner can become a homeowner and apply for residency by buying real estate in Barcelona. The national investment program allows the acquisition of various properties, including apartments, penthouses, and villas, in different districts. Land plots and commercial units of various sizes are also available. Ownership allows you to either relocate or rent out the property to generate income.
Foreigners wishing to get a residence permit in Spain must complete a real estate transaction worth at least €500,000 by following these steps:
- Find a promising housing unit on either the primary or secondary market.
- Ensure the following criteria are met: you are at least 18 years old, have no serious health issues, earn at least €28,800 annually, and have previously complied with national visa regulations.
- Collect the necessary documents.
- Submit a request to the immigration office for a residence permit and confirm the purchase of an apartment or house in Spain.
- Consider applying for a residence permit for family members. There is no additional cost for this, but local laws require you to deposit an additional €7,200 per family member who receives temporary resident status.
The waiting period for a decision is 5–8 weeks.
In 2024, prospective homeowners wishing to apply for a residence permit through real estate purchase in Spain’s cultural capital must spend at least €500,000. The number of properties you can invest in is unlimited—whether it’s a luxury villa in a prestigious area or 2–3 apartments in different locations for rental purposes. Commercial properties are also allowed, which is convenient if you plan to start a business. When applying, immigration authorities will check to ensure the total value of your housing unit meets the legal limit. Keep in mind that once you obtain resident status, you cannot sell the property; otherwise, the permit will be revoked.
When looking for a home or apartment in Spain, you should consider your goals for the purchase. The Ciutat Vella district is the most popular, but there are equally promising options in El Raval, Sant Andreu, Sant Martí, Nou Barris, and in districts like Sants-Montjuïc, Horta-Guinardó, Eixample, and Gràcia.