Is it the end of Golden Visas in Spain?

Is it the End of Golden Visas in Spain?

Is it the end of Golden Visas in Spain? Introduced in Spain in response to the 2008 financial crisis to attract foreign investment, the golden visa allowed residency via various avenues, notably purchasing real estate valued at over 500,000 euros. Despite its popularity, critics contend that the program has fueled rising property prices in major cities like Madrid and Barcelona. The decision to end the golden visa program, announced by Prime Minister Pedro Sanchez on Monday, aligns with his goal of prioritizing housing as a fundamental right and rectifying market imbalances exacerbated by speculative investments.