Parlimentary Bill To Scrap Golden Visa In Return For Real Estate Investment

[Carl]

https://www.schengenvisainfo.com/news/s ... nvestment/

[Bee]

€500K is a bit cheap for a golden visa. Why not make it €1.5 million.

Bee

[Carl]

€500K is a bit cheap for a golden visa. Why not make it €1.5 million.

Bee

Reading the article that figure was set back in 2013 so possibly €500K at that time was more relative for that time period, but would now be considered too little ? Was it about 2013 when Spain re-started building again in earnest following the property crash, so another view could be it was deliberately set low to attract property buyers.

This bill seems to only affect those who apply for golden visa when investing in real estate, so I assume that the other types of investment people can make to obtain a golden visa in Spain will remain unchanged, so will do little to address the ongoing concerns of the source of investment money entering Spain.

As I understand it the UK last year scrapped their golden visa scheme entirely citing concerns over origins of monetary investments. I believe the Republic of Ireland may also be addressing their golden visa scheme requirements ?

[Retire1day]

Prices don't go up much in Spain, lol.

[Bee]

The Irish one was scrapped without any notice.

https://www.rte.ie/news/2023/0218/13573 ... explainer/

Bee