More and more Russian pensioners are thinking about buying real estate in Europe. Among the leaders from European countries is Spain, where many Russians decided to buy a cozy apartment or house by the sea after retirement.
“What? Real estate in Spain and a pensioner from Russia. Yes, these are two incompatible concepts!” – tell you. Your surprise can be understood, but you did not misheard. Real estate in Spain is not only quite accessible to Russian pensioners, but also opens up great prospects for a comfortable living in a country with a high standard of living in front of them!
Why is pensioners worth buying real estate in Spain?
Unique climate
For older people, the country’s climate is very important, where they will live and here Spain is an unconditional leader – from 300 to 320 sunny days a year.
It is not surprising that pensioners from the Arctic, Siberia and the north of the Russian Federation enjoy the unique Spanish climate with its soft winter and a small amount of precipitation with great pleasure.
Acceptable prices
The average price of 1 m² in Spain is 1335 euros, which means that for 50,000 euros you can buy a studio apartment with an area of up to 40 m² in Torrevykh, Benidorm or in another resort city of Costa Blanca. Isn’t it acceptable prices?
The possibility of obtaining a Spanish pension
Spanish legislation provides for the right to receive Russian pensioners who have been legally in the country for more than 10 years, the Spanish minimum age pension or the transfer of a Russian pension with the possibility of adding work experience in the Russian Federation to the Spanish work experience.
How to get a residence permit in Spain as a pensioner from Russia?
Spanish legislation provides for pensioners to receive a residence permit according to a simplified scheme, subject to the following conditions:
Acquisition of real estate from 500,000 euros;
Buying a middle class housing and the availability of the required income level* (at least 10,000 euros).
*With a one -time move of the spouse and children under 18, also 1700 euros per year for each of them!
To obtain a residence permit in Spain, a pensioner needs to provide not only certificates of income and documents for ownership, but also a certificate of disgraceality and a medical extract on the absence of quarantine infectious diseases.
If you have reached the retirement age and plan to buy real estate in Spain in order to obtain a residence permit, then you can familiarize yourself with important information about the conditions for obtaining a visa and a residence permit!