Spain says goodbye to the “Golden Visa” this week
On Thursday, Spain was placed End Gold visas I announced exactly one year for Pedro Sanchez. At that time, the Spanish Prime Minister said this 94 out of 100 requests granted By buying housing.
The residence permit for non -Europe, which was made The minimum investment of 500,000 euros in real estate In Spain, the matter ended with the entry of a new law, among other issues related to “public service efficiency”, which includes Housing measures.
Sanchez is justified He said in April 2024 that the end of the permission to difficulty “reaching decent housing” in Spain “, which is the main problem facing families and youth.
Hold a “golden visa”
The measure, which was created in 2013, It was valid for ten years And give more than 14500 permits From residence for real estate investments. These requests increased with Britain’s exit from the European Union and the Ukraine War. Barcelona, Madrid, Malaga, Aleante, Paires and Valencia were the most visa -granted areas (90 %) in the ten years of measure. Most of the beneficiaries of Chinese and Russian citizens wereSpanish news agency reports.
With this decision, and after several neighboring countries, such as Portugaland These permits may be harden or review, the law to support and internationalize project support, eliminates articles related to residence visas for investors. In addition, the Spanish government also wants Reducing the purchase of housing by the non -gathering foreignersInserting a tax inhibitor we must see whether it will be 100 % of the value -added tax or guidance transmission tax.
In Spain Gold visas They allowed foreigners to obtain residency permits in exchange for real estate investments, banking deposits, public debt, investment funds and eligible business projects as a public interest.
In Portugal, Parliament agreed to the end of the golden visas in July 2023. The cancellation came into effect last year as part of the “most housing” program for the government headed by Antonio Costa. With the new law, Portugal no longer accepts new requests for non -European residence, but it allows the renewal of the licenses already granted.
In both Spain and Portugal, there is a lack of housing, especially for rent, which is the shooting, especially in More tourist areas And in the main cities.
