Spain is saying goodbye to ‘Golden Visa’ this week

Thursday, Spain kept End Golden visas Exactly one year notified Cotton sanchez. At the time, the president of the Spanish government said so 94 of every 100 requests By buying housing.

Permit residence for non -European The minimum investment of 500,000 euros on real estate In Spain, the implementation of a new law came to an end, which includes other issues related to “public service skills” Housing -related activities.

Sanchez justified He said in April 2024 that “the main issue faced by families and young people,” in Spain, “the results of admission in the” difficulties in accessing a decent housing. ” In fact, on Saturday, April 5, 40 Spanish cities have been summoned by the tenant trade unions demanding measures to restore rental and tourist sites.

‘Golden Visa’ is a decade

This activity was created in 2013, Been practiced for ten years And awarded more than 14,500 permit Residence for real estate investments. These demands have increased with the Brexit and Ukraine war. Barcelona, ​​Madrid, Malaga, Aligande, Palers and Valencia are the most visa issued regions (90%) in the ten years of the move. Most beneficiaries are Chinese and Russian citizensThe Spanish EFE news agency reports.

By this decision, and after many neighbors PathugalOvarian These permits have been difficult or reviewed, and the cancellation of articles on the Entrepreneurship Support Act and their internationalization, residential visas for investors. In addition, the Spanish government wants Control the purchase of housing by socially non -foreigners.

In Spain, the Golden visas They allowed foreigners to obtain residential permits in exchange for real estate investments, bank deposits, public credit, investment funds and business plans.

In Portugal, Parliament approved the decision of the Golden Visas in July 2023. Last year was canceled as part of the Antonio Costa -led government’s ‘More Housing’ program. With the new law, Portugal no longer accepts new demands for non -European residence, but allows you to renew already granted.

There is a shortage of housing in Spain and Portugal, especially for rent, which is shot, especially More tourist areas And in major cities.