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PROPERTY

Golden Visa: These are the properties €500K will buy you in Spain

Spain has a Golden Visa scheme which allows Non-Europeans to be granted a residency permit with an investment of €500K in the country.

Published: 3 February 2020 11:25 CET
Golden Visa: These are the properties €500K will buy you in Spain
All photos: Lucas Fox

So we looked for a selection of the best properties across Spain that would qualify as an investment sufficient for any non-European's wanting a golden visa.

From a one.-bedroom flat in the capital to a typical island-style house on Ibiza, here's what half a million (or a little bit more) will buy you in Spain.

READ ALSO: How to make the most of Spain's Golden Visa scheme


Photo: AFP
 

Renovated historic townhouse in Girona city

PRICE: €530,000

This two-bedroom, two-bathroom townhouse over four floors is lovingly restored and offers wonderful architectural features located on a quaint cobbled street in the heart of Girona Old Town.

Plus it comes with a tourist licence  meaning you can immediately start renting it all-year round and bring in a tidy little income.

For full details click here

New build apartment with 42m² terrace on Costa Brava.

Price: €500,000

This three bedroom apartment boasts spectacular sea views from its location on the edge of the Castell Cap Roig natural park on one of Spain’s most sought after stretches of Mediterranean coast.

For full details click here

One-bed apartment in newly renovated communal project in Madrid’s Chamberi

Price: €585,000

A spectacular luxury new build apartment with 1 bedroom shares exclusive common areas in the Trafalgar neighbourhood of Madrid’s Chamberi.

The jewel in this project is a communal rooftop terrace with beautiful views of the city, but the building also offers use of solarium and pool, gym, reception, parking for vehicles and bicycles and storage rooms.

For full details click here.

Two-bedroom renovated apartment in the heart of Barcelona’s Gothic Quarter

Price: €525,000

This spacious two-bedroom apartment is located within a magnificent building dating bacj to 1856 but fully renovated in 2015 to maintain original architectural features with all mod-cons.

And the best thing is that it is in the very heart of Barcelona's oldest quarter, the Barrio Gotico.

For full details click here

Modern 3-bedroom apartment with terrace in Sitges. 

Price: €540,000

Just a two.minute walk from the beach in the wonderful seaside resort of Sitges, 40km south of Barcelona, this brand new apartment also offers a communal roodtop terrace with chill.out areas and swimming pool. 

This 83m² apartment makes an ideal holiday home with brilliant rental possibilities. 

For full details click here

Massive apartment in Valencia's old town centre

Price: €550,000

This newly restored apartment of 237 m² in a prime location at the heart of Valencia's Ciutat Vella, less than 50 metres from the Central Market and 5 minutes from the Town Hall Square.

The spacious layout offers five bedrooms and three bathrooms as well as an open plan kitchen living room area in one of the eatsern city's most sought after areas. 

For full details click here.

Traditional house in San Lorenzo, Ibiza

Price: €660,000

Raise the budget a bit and you could buy this typical Ibizan house with 4-bedrooms, a traditional garden, fruit trees and vines, plus a swimming pool and chill-out area.

This charming Ibiza-style house is in San Lorenzo, an area with quick and easy access from everywhere on the island and could make an ideal holiday home or year-round family residence.

For full details click here

Loft-style house on a quiet street in the centre of Malaga

Price: €795,000

This beautiful property blends classic Andalusian architectural features with modern loft-style living on a quiet street in Malaga, a few meters from the historic centre.

This 3-storey house comprising 294 m² (354 m² built) on a plot of 130 m² boasts interior courtyard, ancient Roman style arches and a sweeping staircase. 

Full details HERE

 

And if you really have deep pockets…

Beautiful villa with sea views in Marbella

Price: €2,995,000

With a price-tag just under three million, this is one of the last villas for sale in a new development in Marbella’s exclusive Golf Valley in Nueva Andalucia with spectacular views across the Mediterranean Sea.

It offers four bedrooms and five bathrooms and has its own 48  m² swimming pool. 

Full details HERE

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LIFE IN SPAIN

EXPLAINED: How to buy a boat in Spain

Considering buying a boat to enjoy life to the fullest in Spain? Here's a breakdown of costs, legal requirements, financing options and useful tips to factor in before purchasing a bowrider, a day sailer, a yacht or any other 'barco'.

Published: 3 May 2024 12:18 CEST
EXPLAINED: How to buy a boat in Spain

Spain has around 8,000km of coastline, and access to the Mediterranean, Atlantic, and Bay of Biscay. For boat enthusiasts, you’re spoilt for choice in Spain.

But it’s not just as simple as picking out a boat, buying it and setting off into the ocean.

There are several decisions you’ll need to make first, rules to follow, administrative hoops to jump through, and then maintenance costs on top of that.

Types of boats

The first thing you’ll need to consider is the type of boat you want to buy.

Generally they can be split into two broad categories: motor boats and sailing boats.

Motor boats are the most popular type of boat sold and offer the greatest variety of options because they include pretty much everything from smaller more affordable power boats to huge luxury yachts.

As such, you could get a smaller motor boat, say for day trips of fishing on the coast, for as little as €10,000, whereas yachts, as you can imagine, can cost millions, depending on the size, power, design and quality of the boat.

According to several Spanish maritime sources, buying a used boat that you can live on in Spain can cost anywhere between €13,000 and €150,000.

Spanish website topbarcos.com has hundreds of boats listed for you to get an idea of what’s available in the second-hand market, as well as a page for new vessels.

Sailing boats are the more environmentally friendly option and require the most skill to sail, and include light sailboats, catamarans and trimarans. Again, prices vary from €5,000 to over a million, depending on the size, type of sail, material and quality of the boat.

Once you’ve decided on the type of boat you want and found one you’d like to buy, you’ll need to consider any potential legal requirements.

A woman sits next to a yacht in Puerto Banús luxury marina in Marbella. (Photo by JORGE GUERRERO / AFP)

What are the legal requirements when buying a boat in Spain?

  • The correct nautical qualifications for the type and size of the boat you want to buy. There are different types of nautical licences to sail different boats in Spain, such as the PNB (Basic Navigation Skipper), the PER (Recreational Boats Skipper), the PY (Yacht Skipper) or the CY (Yacht Captain). Each has specific limitations in terms of length, power, distance from the coast and the type of sailing you can do.
  • Compulsory civil liability insurance that covers possible damages that you may cause to third parties with your boat.
  • Have all the necessary documentation for the boat, such as the certificate of seaworthiness and (essentially an MOT for the boat, showing that it’s in working order) and the navigation permit.
  • You’ll also need to pay the corresponding taxes on the boat purchase, such as VAT (21 percent), the special tax on certain means of transport (12 percent) or the transfer tax (4 or 6 percent, depending on the region).

READ ALSO: How do I get my boat licence in Spain

What other factors should you keep in mind before buying?

Think about what type of navigation you want to do, how often, with how many people and what your budget is. 

Don’t go with the first boat you see. Search and compare different models, brands, prices, conditions etc and don’t forget to keep an eye out for scams.

It’s a no-brainer but try the boat before you buy it, don’t just rely on photos or descriptions. Request a test ride to check the condition and navigational operation of the boat. 

If you do not have much experience or knowledge of nautical matters, it’s advisable to hire a professional to accompany you throughout the purchasing process. It could help you avoid possible legal, technical or administrative problems that arise.

They will also assist you with checking the condition of the boat’s interior: the carpentry, the engine, the electrical installation, the tanks, bilge, kitchen, bathroom and other compartments.

Here is a list of dozens of Spain-based brokers (as they’re called) or nautical companies that can assist you. 

Crucially, they will also be able to give you an informed assessment of what price you should be paying for the boat you’ve chosen. 

How can you pay for a boat?

Unless you have enough disposable income to pay for it cash, you probably want to know what kind of financing is available to you. 

There is the nautical mortgage (hipoteca náutica), which mimics the system for property mortgages, including the need for a down payment and embargo conditions in non-payment situations. 

Nautical credits (Créditos náuticos) also exist, which again are not too different from regular loans, including fewer notary costs than nautical mortgages and fixed interest rates. 

And lastly, nautical leasing is also an option, which is when a company acquires a boat and rents it to a customer for a certain period of time (normally between 4 and 15 years) and usually with an option to buy at the end of the contract.

Don’t forget the upcoming maintenance costs

If you manage all that and buy the boat, you’ll need to maintain the boat and pay costs to do so. These include:

The mooring: ie. the place where the boat is left when it is not in use. The price of mooring depends on the size of the boat and the location of the port. It can range from around €100 per month to several thousand.

However, be warned, in Spain these aren’t easy to come by. The Association of Industries, Commerce and Nautical Services (ADIN), estimates that Spain has only 107,894 moorings for 229,000 boats.

You’ll also need to pay for periodical technical checks that must be carried out on the boat from time to time to check its condition and operation. Again, the price depends on the type and size of the boat and the services contracted. It can vary from around €200 euros to several thousand.

Regularly cleaning the boat to avoid dirt, rust, algae, and parasites damaging the boat can also be quite costly. It can vary from as little as €50 for smaller boats to several hundred for bigger ones, and most experts recommend it should be done every 4-6 weeks.

READ ALSO: How to live on a boat in Spanish waters

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