Golden visas of Spain are not popular among Chinese because of realtors

Golden visas of Spain are not popular among Chinese because of realtors

Each real estate agency in Spain interprets the provisions of the law on golden visas in different ways, resulting the Chinese go to more predictable markets, writes ee24.com citing noticia.ru.

Mao Feng, chairman of the Association of Chinese citizens in Spain, say that while the Spaniards believe that they are "the only market", realtors from other countries are successfully competing with them. In some agencies in Spain argue that golden visas won't be granted to buyers of secondary housing, in others - that client has to buy only one property for the required amount of €500 thousand, in others - that commercial premises do not fall within the law.

To sell expensive real estate in Spain to the Chinese better, Feng advises realtors to visit China and study its culture. Also, Chinese client doesnt want to get a lot of information: summary about homes will be enough, and if he likes one of them when viewing, extended data should be provided.

We already drew the attention of readers that authorities of some Spanish regions did not know the rules of issuing golden visas. Also portal ee24.com reported that only 72 foreigners had got golden visas since September 2013.