www.tramitex.es/residency-in-spain-by-home-purchase/
Buy property for residency in Spain
The project of new Spanish law №121/000052 has been published 3 of July and let to get special type of residence for investors.
One these ways is to buy property for residency in Spain.
The project of the law says that the price has to be equal to or more than 500 thousands euro for each applicant. And this amount has to be free of obligation.
Also you can be owner of several houses which give all together this amount.
90 days after getting the certificate of possession of the register if property in Spain you have to apply in Spanish representative consulate office in your country for a visa for investors. It has to be resolved in 9 days and it is valid to live in Spain or travel to Spain for one year.
Besides you must have sufficient means for your stay, criminal records clearance for 5 last years and medical insurance.
Your spouse and minor children can apply with you.
Then in Spain you can apply for a residence card which is has to be resolved in 20 days and is valid for 2 years. It is renewable.
For this you have to have open visa for investor (or expired in last 90 days) and have been at least once in Spain with this visa.

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