The Senate in Spain this month approved the final draft that will allow non EU nationals to obtain a residence permit if they purchase property in Spain to the value of 500.000 Euros or more.
This draft will now go before the Spanish Congress for final approval and once passed, will be published in the BOE, the state bulletin gazette. The new law would then come into force the day after publication. If there are no further complications this new law could come into force in early October (2013).
So, what can you buy for half a million Euros in Spain?
Here is a selection of property for sale on the Costa del Sol that can be purchased for 500.000 Euros or more:
A Detached Villa Baviera Golf – Torre del Mar (Málaga)
Great detached villa of 120 m² on a 1,300 m² plot, with spectacular south facing sea views situated adjacent to the urbanization Baviera Golf. Located one minute from the coastal motorway junction and five of the “El Ingenio” shopping centre. It has large swimming pool, solarium, terrace, private garage, garden, porch, large living room and dining room with fireplace central fireplace, large kitchen, three bedrooms and two bathrooms.
Country Villa in a spectacular location in Nerja (Málaga)
A refurbished detached villa situated on the boundary between the provinces of Malaga and Granada and the National Park, with 3 bedrooms, bathroom, lounge/dining room, kitchen, a southeast facing terrace with private pool, and a driveway for several cars. The plot of nearly 10.000 m2 is laid to an avocado plantation and other fruit trees. There are panoramic views of the sea and mountains.
Modern Detached Villa in La Herradura (Granada)
A modern, contemporary villa with 3 bedrooms, 2 bathrooms, a well equipped kitchen with integral appliances and a central work island. There is a separate garage plus parking for 2 cars plus a cellar. The living area is large open plan with glass curtains expanding the living area and maximising the beautiful views of the mountains and La Herradura bay. Mature gardens and private sunny terraces surround this luxury property. Private swimming pool & outdoor kitchen area.
600.000 Euros. Ref: LPG/GV3
A very comfortable family home on three levels including a private garage, 2 lounges, 2 kitchens, 5 bedrooms and 3 bathrooms. Private, salt water swimming pool and BBQ area. Air conditioning and central heating.
Villa with panoramic views in La Herradura (Granada)
Large Villa in the Torrox Countryside (Málaga)
A spacious individual villa of 430 m2 with 5 bedrooms and 3 bathrooms, on a plot of 9.000 m2 with magnificent, panoramic country and mountain views. Features include: Automatic Irrigation System, Barbecue, Built to High Standards, Completely Equipped Kitchen, Covered Terrace, Detached Villa, Electric Entry Phone, En suite bathroom, Fitted Wardrobes, Gas Central Heating, Good Road Access, Immaculate Condition, Landscaped Gardens, Living room with fireplace, Private pool, Satellite TV, Separate Dining Room, Swimming Pool, Telephone, Terrace, Video entry system, Water Deposit.
699.000 Euros. Ref: LPG/GV6
Beautiful, restored House in the historic part of Frigiliana (Málaga)
The property has been carefully refurbished from its original use as a honey factory in the eighteenth century. Now rebuilt (346 m2), comprising of 4 bedrooms, 3 bathrooms, large lounge, various terraces, a separate guest cottage in the private gardens (650 m2), own private swimming pool and a small 20m2 shop premises opening to the main street in the village.
Ultra Modern Villa in Sayalonga (Málaga)
Located just 10 minutes from the coast and 40 minutes from Malaga, the property, divided into two separate buildings, comprises 4 bedrooms, 4 bathrooms, a very spacious open plan lounge, dining room and luxury kitchen, private swimming pool and gardens (16.000 m2). Under floor heating and air conditioning and private garage for 2 cars.
750.000 Euros. Ref: LPG/GV8
Ultra Modern House in Nerja (Málaga)
An ultra modern luxury designer home on four floors including guest apartment, situated 2 kms. west of Nerja with stunning views to the countryside, mountains and coastline. With 4 bedrooms, 4 bathrooms, lounge / dining area with luxury fitted kitchen, 320 m2 of private terrace with own swimming pool and own garage. Central heating and air conditioning.
800.000 Euros. Ref: LPG/GV9
Spectacular Penthouse in the very heart of Nerja (Málaga)
This magnificent purpose built property, recently completed, is located in the heart of Nerja overlooking the new Plaza de España, with views across the rooftops to the mountains and to the sea. Features are too numerous to mention but include… 4 bedrooms, 2 bathrooms, a 60m2 lounge / dining room and open plan kitchen, 2 terraces (141 m2), 2 underground private parking spaces and store room with direct lift access, and complete Domatic control from your smart phone of – Lighting, Ambience, Climate control, Sun blinds, Fire detection, Leak detection, Television and Sound, Sliding blinds and a long etcetera.
870.000 Euros. Ref: LPG/GV10
Modern Villa overlooking the sea in La Herradura (Granada)
A modern, luxury villa with breathtaking views over the sea, divided between the main house and 2 separate guest apartments offering in total 6 bedrooms and 5 bathrooms, with private swimming pool and garage.
Impressive Detached Villa in Cortijo de San Rafael in Frigiliana (Málaga)
Cortijo de San Rafael is one of the most prestigious areas of detached villas situated mid distance between Nerja and Frigiliana. This 370 m2 property on a plot of 2.000 m2, offers a host of features with 6 bedrooms, 3 bathrooms, landscaped gardens and private swimming pool. Central heating. Air conditioning. 2 car private garage. Computerised irrigation system.
Cliff Top Apartment in a unique location in Nerja (Málaga)
Unique property situated on the cliff edge in the heart of the old quarter beside the church. The property is tastefully furnished and decorated and has uninterrupted views of the Salon beach and the clear blue waters of the Mediterranean. 3 bedrooms and 2 bathrooms, with a built area of 240 m2 on a plot of 680 m2 – right in the centre of the town.
1.000.000 Euros. Ref: LPG/GV13
Stunning Villa in La Herradura (Granada).
Set on the southern most point of the Punta de la Mona this villa enjoys uninterrupted 360 degree sea views looking east and west along the coast and south towards Africa. It is wonderful for watching the dolphins and the yachts! The property comprises of 4 bedrooms, 3 bathrooms, living room, open plan kitchen, terraces and swimming pool, parking and garage.
Detached, Luxury Villa in a privileged location in Nerja (Málaga)
A purpose built detached villa with spectacular, panoramic views comprising 5 bedrooms and 5 bathrooms, 2 guest toilets, separate lounge and dining room, games room, office, laundry room, wine cellar, gym, Jacuzzi, various terraces, garden and private swimming pool. Built area of 479 m2.
LPG Spain can offer you many more outstanding properties on the eastern Costa del Sol and the Costa Tropical of Granada. Also, through our associated agents in Marbella we are able to provide you with some of the most spectacular properties in Puerto Banus and Nueva Andalucia.
Contact us with your particular property needs and we can introduce you to the most established and long standing estate agents along the coast. Remember also that you may divide your investment into more than just one property as long as the total investment is superior to 500.000 Euros.
LPG Spain will also be providing a complete service to non EU nationals who wish to acquire a residence permit in Spain through the purchase of a property in excess of 500.000 Euros. This will include all legal and tax assistance provided by a panel of professional lawyers and advisors. A full after-sales portfolio management service is also available.
- Spanish Golden Visa soon to become law.
- Buy a house in Spain and obtain a residence permit.
- Guide to purchasing a property in Spain.
- Guide to the towns and villages of the east Costa del Sol and Costa Tropical.