Spain Joins Other EU Nations in Plan to End Golden Visas
- EU officials have pressured governments to stop these programs
- Spanish cabinet will study a report on golden visas on Tuesday
A real estate sales advertisement aimed at investments for golden visa applicants, in Madrid.
Photographer: Magda Gibelli/BloombergThis article is for subscribers only.
Spain plans to end its so-called golden visa program for foreign property buyers in a bid to increase the amount of affordable housing available to locals.
The move will help ensure that “housing is a right and not just a mere speculative business,” Prime Minister Pedro Sanchez told reporters on Monday.