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Buoyed by the Spain Golden Visa Scheme, Singaporean Investors Are Snapping Up Properties in Valencia as a Gateway to Gain Permanent Residency in Europe | Taiwan News

2020/12/18 10:00 SINGAPORE - Media OutReach - 18 December 2020 - House prices, sales transactions and rentals are all skyrocketing in Valencia. The city has seen a growing demand from international buyers in recent years, especially from Asia, many of whom aspire to live a Mediterranean lifestyle characterized by gorgeous architecture and a high quality of life at an affordable rate. However, Asian interest in Spanish properties is primarily fueled by the Golden Visa Program, which allows non-EU nationals to gain permanent residency by buying property worth €500,000 or more. From January to June 2019, 848 residency visas were granted 132 more approvals compared with the same period in 2018.

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