Spain to End 'Golden Visas' for Wealthy Non-EU Residents Buying Real Estate

1 min read
Source: Yahoo Finance
Spain to End 'Golden Visas' for Wealthy Non-EU Residents Buying Real Estate
Photo: Yahoo Finance
TL;DR

Spain's government plans to eliminate "golden visas" that grant residency permits to non-EU individuals who invest over half a million euros in real estate, aiming to address housing affordability and speculation issues. The measure, introduced in 2013 to attract foreign investors, has drawn criticism for driving up property prices and exacerbating housing challenges for many Spaniards.

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