select
|

Pam Golding Properties now marketing leisure and investment properties in Spain and Portugal

Now that Spain has promulgated legislation which will grant automatic Spanish residency to non-European Union citizens who invest €500 000 in property, Pam Golding Properties is marketing a broad selection of properties ranging from one bedroom apartments and beach cottages to spacious seaside villas and mountain retreats, situated mainly in the prime locations of Barcelona and the Costa Brava as well as the islands of Mallorca and Ibiza.
 
Says Dr Andrew Golding, CE of the Pam Golding Property group: “The properties, starting from just under €400 000, are part of an initial offering we are showcasing and they comprise both new and existing homes which we believe will  have high appeal as leisure investments for South  Africans. This is coupled with the fact that investors who acquire properties priced from €500 000 will be entitled to Spanish residency. This in turn qualifies for a Schengen visa which grants unrestricted access to the Schengen zone.”


The impressive La Sagrada Familia cathedral is a landmark in Barcelona, Spain.
 
Only a two hour flight from London and Paris, Barcelona is an easily accessible and cosmopolitan, international city with the sandy white beaches of the Costa Brava just an hour and 15 minutes’ away, while snow skiing in the Pyrenees is only a three hour drive. As a result residential property in Barcelona is showing strong capital growth and rental yields.
 
Says Dr Golding: “Our International & Projects Division has formed an association with an experienced and reputable local company which will provide buyers with professional advice regarding the legal aspects of acquiring property in Spain, as well as managing agents to handle the holiday letting of properties. In terms of the residency programme in Spain, the minimum of amount of €500 000 is payable in cash. Residency is granted initially for one year and we are advised that the application for renewal is a formality, and thereafter is applied for every second year.”
 
Says Chris Immelman, MD of Pam Golding Properties’ International & Projects Division: “With a number of new residential developments in the pipeline, the first new development we are launching to the South African market – in conjunction with Savills - is the White Angel in Ibiza, which has an entry level price of just under €400 000 to €700 000 for stylish new apartments. Brand new and built to high specifications this is an ideal buy to let investment as it is well equipped for holiday use and for letting for three to four months of the year (June to September) to those who vacation in Ibiza. It offers sound rental returns merely from those four peak months of the year. Rental returns in Ibiza and the upmarket holiday destination of the Costa Brava are in the region of four to eight percent per annum.”


View of the entrance to Sant Josep de la Boqueria Market, one of the most visited tourist attractions in Barcelona, Spain.
 
Spectacularly scenic and the third of the Balearic islands by size, Ibiza is only 100km from the Spanish mainland. There are several direct daily flights to Ibiza and Mallorca from London. With an appealing Mediterranean climate and scenic coastline, Spain, with its café culture and beautiful beaches, is popular among tourists from around the world.
 
PGP’s new real estate partner in Portugal
 
Adds Immelman: “In addition to the Spanish Residency Programme we have just concluded an association with a real estate partner in Portugal to take advantage of the Portuguese Golden Visa programme. This is very similar to the Spanish programme – however it does seem to fast track the process to obtaining Portuguese citizenship which entitles one to a Portuguese passport. The entry level is also €500 000, which results in permanent residency after five years and citizenship (and by implication a passport) after six years.
 
“We will be visiting Portugal in January to finalise our associations with other professionals, including lawyers and specialists in obtaining residency and citizenship in this country,” he says.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Nov 2017
      Property valued at approximately R1 billion is on High Street Auctions’ sales floor during the month of November, including the much-anticipated sale of the Tshwane Mayoral Residence and the land occupied by one of South Africa’s oldest operating gold mines.
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK