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…to live and move around the Schen­gen area

EU visa for property purchase expands in Southern Europe.
The Span­ish Con­gress approved the final draft that will allow non-EU nation­als to obtain a res­i­dence per­mit if they pur­chase prop­er­ty in Spain to the val­ue of €500,000 or more. The new law pro­vides a sin­gle or mul­ti­ple pur­chase of prop­er­ty. (…) A pur­chase of a prop­er­ty (or prop­er­ties) buys a non-EU cit­i­zen the right to live and move around the Schen­gen area for a cer­tain peri­od, too. The host coun­try not only pock­ets the invest­ment, but opens room for devel­op­ment for the con­struc­tion sec­tor, which typ­i­cal­ly pro­vides many jobs.

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