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
Characters remaining

    Latest Property News
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    • 18 Jan 2018
      New year, new goals! If you’ve resolved to purchase your first property in 2018, then this 6-step guide from the Rawson Property Group is a must-read. It will help you navigate and simplify what is often be seen as a confusing process of buying your first home – right from the house-hunt to the house-warming.
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us