Spain to End 'Golden Visa' Program for Wealthy Non-EU Real Estate Buyers
TL;DR
Spain's government plans to eliminate "golden visas" that grant residency 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 led to criticism for driving up property prices and exacerbating housing problems for many Spaniards.
Topics:worldpoliticseconomics#golden-visas#housing-market#politicseconomics#real-estate#residency-permits#spain
- Spain will scrap 'golden visas' that allow wealthy non-EU residents to stay if they buy real estate The Associated Press
- Spain to scrap 'golden visas' for foreign real estate investors Reuters
- Spain to scrap 'golden visas' for foreign property investors Financial Times
- Due to housing shortage, Spain announces end of Golden Visa programme Yahoo! Voices
- Spain Joins Other EU Nations in Plan to End Golden Visas Bloomberg
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