Municipal authorities and property developers are already having a difficult time building houses due to the lack of credit available to them and an absence of buyers for all the homes, but the new decree by the Junta de Andalucia could make the situation a lot worse as it threatens planned future projects to construct another 10,000 houses that nobody …
Buy a house, get a residencia free
The Secretary of State for Commerce, Jaime García-Legaz, has announced that the government is considering amending the Immigration Law to grant residency to people who buy houses valued at €160,000 or more in Spain , the move specifically targeted at the Chinese and Russian markets.