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Spain Offering Residency To Spur Property

Author: Bill Barnett. Category: Real Estate. Posted: 11th Dec 2012

One of Europe's real estate basket cases remains Spain. Pancakes might be flat, but the Spanish sector remains below sea level in broad terms.

Now a new initiative is being tabled to offer residency permits for non-E.U. country buyers.

High profile targets remains Russians and Asians (i.e. mainly Chinese).

A threshold for the entitlement has been reported to be EUR160,000

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