Question
For the Spain Golden Visa I understand you must invest 500k Euros into residential property. Can part of these funds be used for renovations?
Say you purchase a place for 400k and use the remaining 100k to renovate. Would that qualify for the Golden Visa investment requirement?
Answers
These are the answers of some Facebook group members:
“It’s not possible this way. You have to spend at least €500k on properties. However, you might be able to make it work if you paid €500k for the property and it was already remodeled. Or if you paid €500k to the seller and then they renovated the property. There are some creative ways to make it work. But you have to show that you bought properties of at least €500k. This can also include garage space, land, rental property, etc.”
For a general overview of the Spain Golden Visa requirements please read this article: The Spanish Golden Visa or residency for investors
