GOODBYE TO THE 'GOLDEN VISA' IN SPAIN FOR PROPERTY PURCHASES: THE PERMIT ALREADY HAD AN EXPIRATION DATE
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✍️ Spain has abolished the golden visa program, which granted residency permits to foreign nationals who invested at least €500,000 in Spanish real estate, as of April 3rd.
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👉 Spain has abolished the golden visa program, effective April 3rd
👉 The program was introduced in 2014 to attract foreign investment and promote economic growth
👉 The program allowed foreign nationals to obtain residency permits in Spain by investing at least €500,000 in real estate
👉 The current government has cited concerns that the program is contributing to the tension in the housing market in certain areas of Spain
👉 The measure is expected to benefit those who have been struggling to access housing in these areas
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#IsabelRodríguez #Spain #Barcelona #Madrid #Málaga #Alicante #Baleares #Girona #Valencia #politics
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