Despite Spain scrapping the golden visa scheme, La Manga Club remains an enticing option for British buyers seeking Mediterranean paradise, as the visa was never the primary route for most UK property purchasers.
The Spanish government's recent decision to scrap the golden visa scheme has caused a stir among potential expats, but for those eyeing the sun-kissed resort of La Manga Club, there's no need to fret. This exclusive resort on the Costa Cálida remains an enticing option for Britons seeking a slice of Mediterranean paradise, regardless of the visa changes.
Golden Visa Scheme
Whilst the golden visa scheme offered a fast track to residency for those willing to invest €500,000 in Spanish property, it was never the primary route for most British buyers. In fact, since its inception in 2013, less than 0.1% of 4.5 million of homes sold were purchased under the scheme – a drop in the ocean compared to the thousands who purchase Spanish homes each year.
For the vast majority of Britons dreaming of a life in La Manga Club, alternative pathways to residency remain wide open. The Non-Lucrative Visa (NLV) continues to be a popular choice, particularly for retirees or those taking a sabbatical. This option allows individuals to reside in Spain without working, provided they can demonstrate sufficient financial means.
Digital Nomad Visa
Another increasingly attractive option is the Digital Nomad Visa, which is tailor-made for the growing cohort of remote workers. This visa permits holders to work from the comfort of their Spanish abode and offers potential tax benefits through the Special Expats' Tax Regime.
La Manga Club remains a jewel in Spain's crown, offering a lifestyle that's hard to beat. With its world-class golf courses, tennis facilities, and nearby Mar Menor, the resort provides a ready-made community for British expats. The year-round sunshine and laid-back Mediterranean lifestyle continue to draw those seeking an escape from the British drizzle.
Moreover, the property market in La Manga Club offers options to suit various budgets, from chic apartments to luxurious villas. While the golden visa scheme required a hefty investment, many properties in the resort are available at more modest prices, making the dream of Spanish homeownership achievable for a broader range of buyers.
ID 113255186 | La Manga Club © Leszek Ogrodnik | Dreamstime.com
Impact on House Prices
It's worth noting that the end of the golden visa scheme is unlikely to impact property prices in areas like La Manga Club significantly. The resort's appeal has always been rooted in its exceptional facilities and quality of life rather than as a means of obtaining residency.
For those concerned about the practicalities of moving to Spain post-Brexit, it's reassuring to know that many expats have successfully navigated the new landscape. Local estate agents and legal experts in the La Manga area are well-versed in guiding Britons through the process, from finding the perfect property to sorting out residency paperwork.
While the golden visa may be bidding adiós, the Spanish dream is alive for British buyers. La Manga Club continues offering sun-drenched luxury with golf greens, tennis courts, and nearby sandy beaches. So, pack your sunhat and sense of adventure – your place in the Spanish sun awaits, golden visa or not.
Ready to Find Your Perfect Property?
Browse our latest properties or get in touch with our expert team