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Spain is the seventh most popular global destination amongst Chinese property investors1 claims Juwai - the biggest foreign property portal in China.
中国最大的外国房地产门户网居外网表示,中国房地产投资商最喜欢的全球投资地,西班牙排第七。
Based on an analysis of property searches carried out by Chinese users, Juwai found the most popular destinations were the USA, Australia, Canada, the UK, Thailand, New Zealand, and Spain.
Within Spain, the most popular searches were for Madrid, Barcelona, Valencia, Alicante (home to the Costa Blanca), and Marbella.
Searches for Spain were up 80% in a year, driven by increasing awareness2 in China of Spain’s attractive property prices and culture, claims the portal, which already has 15,000 Spanish property listings.
Chinese investors are also attracted by the Spanish 'Golden Visa' scheme, which offers conditional3 residence and a long-term path to Spanish citizenship4 in return for an investment of €500,000 in real estate in Spain (among other types of investment).
The popularity of Spain is growing amongst Chinese property investors as it becomes more difficult for them to invest in better known countries like the USA, Australia, and Canada, Spanish media reports. The Spanish Golden Visa scheme was introduced in 2013 offering permanent residence and Schengen-area travel in return for certain types of investment, including €500,000 or more in real estate, but got off to a disappointing start.
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