Spain ends Golden Visa programme: What it means for foreign investors

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Spain ends Golden Visa programme: What it means for foreign investors - Business Standard

Quick Summary:

They warn that the loss of the Golden Visa may lead to a decline in foreign buyers, which could exacerbate economic challenges in the post-pandemic recovery.

The Organic Law on Measures for the Efficiency of the Public Justice Service was approved by the Spanish Congress on December 19, passing narrowly with 177 votes in favour and 170 against.

This change reflects a broader shift in the country’s immigration and housing policies, emphasizing local housing needs over foreign investment.