Purchase property in Spain - guarantee to get residence permit. Myth or reality?

Today I propose to consider very important question that interests most people who want to live in Spain.Many people think in order to get residence permit in Spain it’s enough to buy property here and the problem is fixed. However, the stereotype that buying property in Spain is the guarantee for permanent residence in this country is not always true.

If you are applying to the agency in your country to buy property in Spain, and it’s trying to convince you that buying property in Spain you surely will get the residence permit in this country, think about the professionalism and competence of the agency. Spanish agencies will never speak of this. They know that no one can guarantee that you get the residence permit in Spain if you buy property here. This issue is considered by public bodies, and only they can guarantee it. If you are the owner of the business or property in Spain it only increases your chances of getting in the future and is the significant advantage, but not the reason.

Buying cheap property in Spain is a very common mistake made by buyers. But most of them are very sorry about a couple thousand dollars they saved. Property prices in Spain have dropped significantly over the period of crisis. And there is a lot of affordable real estate on market. But if you are offered to buy real estate, which is much lower than its market price. Think about it, everything is okay with this property, may be vendors don’t have right to sell it, if there are any rights to the property from third parties, the state of this property, or if the property should be demolished. Often low price of real estate is hiding something behind. And as you know free cheese is only in a mousetrap.