The ECB’s erratic and lacklustre monetary policy, always lagging behind and copying the resolute path set by the US Fed, translates into a weak euro. The US has no qualms to firmly hike the price of money to stave off inflation - unlike in Europe. As a result, the US dollar has hit an all-time high against the euro, even reaching parity multiple times.
In plain English, Spanish (European) property has now become dirty cheap for US investors. US savvy investors have picked up on this, and the smart money is flowing in to invest in large cities (i.e. Madrid and Barcelona) and sought-after coastal areas (Mallorca, Marbella).
Did I mention that US nationals can benefit from a coveted Golden Visa on investing in Spanish property, allowing its holder unfettered access to a country in the Schengen Area, bypassing the pesky 90-180-day rule? Attaining a Golden Visa does not make you tax resident in Spain, unlike every other Spanish visa; that, in itself, is one of its best (and unique!) advantages.
Bottom line, there has never been a cheaper time to buy Spanish property for US buyers than right now. And if you manage to snag a coveted Golden Visa on top, well, that’s just the cherry on top!
At Larrain Nesbitt Abogados we have over 20 years’ experience buying, selling, and renting properties. We are also specialized in taxation, immigration & residency visas. You can contact us by e-mail at info@larrainnesbitt.com, by telephone on (+34) 952 19 22 88, or by completing our contact form to book an appointment.
Larraín Nesbitt Abogados, small on fees, BIG on service.
2022 © Raymundo Larraín Nesbitt. All Rights Reserved.
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