The Golden Visa has become a major attraction for foreigners when it comes to starting a new stage in another country, with Spain being one of the favourite countries. However, there is one area in particular that attracts a lot of attention from foreigners: the Costa Blanca, Spain.
The Costa Blanca, which is located in the region of Alicante (Spain), is one of the most popular areas in Spain for real estate investment, due to its warm climate and natural beauty.
It is worth remembering that in order to obtain this visa, a minimum investment of 500,000 euros in real estate or a minimum investment of 1 million euros in shares or securities is required. Once these requirements have been met, the applicant can obtain a Golden Visa and thus a temporary residence permit for himself and his family.
Do you want to know more about Costa Blanca, Spain?
An investment paradise
One of the main reasons why many people obtain a Golden Visa is to invest in real estate in Spain. The Costa Blanca offers a wide variety of properties, from city centre flats to luxury villas in the nearby hills, making it an excellent choice for investment.
A staggering 40 percent of all the properties sold to foreigners in Spain in the first half of 2022 were just in the Costa Blanca, crowning it the residential tourism capital of Spain.
Popular investment locations on the Costa Blanca:
- Ciudad Quesada: Ciudad Quesada is an urbanisation located in the municipality of Rojales, in the Vega Baja del Segura region (Spain). It has become an ideal location for those looking for an investment property in a quiet and warm environment close to the coast, with a wide variety of services and activities. it is located close to the Mediterranean coast, about 10 kilometres north of Torrevieja and is in a privileged area of the Costa del Sol and has a wide range of properties, from flats and villas to luxury villas, some with sea views.
- Torrevieja: Torrevieja has a large foreign community, making it a welcoming and multicultural place where it is easy to meet new people and make friends. Its beaches, warm climate and peaceful atmosphere are the main reasons why it has become a popular place for investment on the Costa Blanca. It also has a wide variety of services and businesses, so you will find yourself in a perfect situation to find a job or start your own business. The demand for homes and tourist properties in Torrevieja has been growing in recent years which can create an opportunity for the revaluation of real estate investments.
- Altea: Altea is a town located on the Mediterranean coast, in the province of Alicante, in the autonomous community of Comunidad Valenciana, Spain. It is known for its natural beauty, its history and its peaceful atmosphere. For these reasons, Altea is a popular place to invest in real estate. It has a great historical heritage, with its old town, churches, castles and other monuments, making it an ideal place to enjoy culture and heritage.
It is important to mention that as with any real estate investment, it is important to make a detailed study of the opportunities and risks of each location before making a decision.
Learning from the best teachers
With a Golden Visa, family members can also access education in Spain, allowing them to attend schools and universities. By obtaining this permit, the holder and his family can live, work and study in Spain for a period of five years, and after that time, they can apply for permanent residence.
Education on the Costa Blanca, Spain, is offered by a variety of educational institutions, including public and private schools, colleges and institutes, and universities. Education in Spain is compulsory for children and young people between the ages of 6 and 16. The Spanish education system is structured in four stages: early childhood education, primary education, secondary education and higher education.
Studying in Spain can be an excellent option for those seeking a high quality education, a rich cultural environment and an opportunity to improve their Spanish or learn another language.
Travelling and seeing the world
Another thing you can do with the Golden Visa is travel. Get to know the world, new traditions and cultures. There is nothing better than discovering places you have never been before.
With this permit, you can travel through the 26 countries that make up the Schengen area and travel freely across the internal borders of the area without having to show your passport or a similar travel document.
Member countries of the Schengen area are:
- Austria
- Belgium
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- Italy
- Latvia
- Liechtenstein
- Lithuania
- Luxembourg
- Malta
- Netherlands
- Norway
- Poland
- Portugal
- Slovakia
- Slovenia
- Spain
- Sweden
- Switzerland
And you don’t have to travel around Europe to enjoy wonderful scenery, the Costa Blanca has a lot to offer.
In short, the Golden Visa on the Costa Blanca offers foreigners the possibility to live and work in Spain on a permanent basis, while enjoying the advantages of a residence in one of the most beautiful and sunny regions of Europe.
