Spain offers residency to foreigners buying homes

Updated
Costa del Sol
Costa del Sol

Corbis

Fancy buying a home on the Costa del Sol? There is now an extra incentive for foreigners to invest in the Spanish housing market which has hit rock bottom after the 2008 bubble burst.

Left with more than 700,000 unsold houses after its property crash, Spain is offering more than a welcome basket of muffins to those willing to splash out on a Spanish home. The country intends to offer foreigners residency permits if they buy properties worth more than €160,000 (£128,500).%VIRTUAL-SkimlinksPromo%

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