Tips For High-Net-Worth Individuals Buying Property In Spain: Part 1

High-Net- Worth-Individuals (HNWI) looking to invest or buy property in Spain in the luxury market (on or above 1,000,000 €) will have an advantage over those buyers who are on a lower budget. The first advantage is, of course, the possibility to buy the property with cash and therefore mark quicker timings but also to reduce the price slightly as a cash buyer is always an attractive incentive for a seller eager to sell.

Another advantage for the HNWI who resides in the UK is that they could apply for a Golden Visa that would allow them to overcome the current visa restrictions to British citizens and non-Europeans spending time in Spain. A Golden Visa is a very attractive option for the non-European buyer as it would allow the said buyer to spend long periods of time in Spain without being classed as a Spanish Tax resident.