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January 19, 2013 | By Lauren Frayer, Los Angeles Times
MADRID - Ever had such a great vacation abroad that you wished you could overstay your tourist visa and settle there for good? Spain is weighing a plan that would let you do just that - for a price. The Spanish government is considering offering residency to foreigners who buy property worth about $200,000 or more. With discounts as deep as 50% along the Mediterranean, a 1,100-square-foot three-bedroom beachfront apartment in Alicante goes for $130,000. Or how about a 1,200-square-foot four-bedroom with a view of Barcelona's skyline for $175,000?
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