The Spanish government is considering the possibility that foreigners buying a property worth more than 160.000 euro can obtain de Residence Card.

Past November, the Spanish government announced a new law in which it considered to include the option that foreigners buying a property worth more than 160.000 euro obtain the Spanish Residence Card.

Like this starts the immigration act reform wishing to reactivate the foreign demand and contribute to reduce the residential properties stock. This legal regulation is already effective in Ireland and Portugal and much appreciated by other European governments.