Once upon a time, if you wanted to buy property in Spain, you basically had two routes: become a Spanish citizen, or buy your way in. Neither was particularly easy, but at least do-able if you had the cash. But, now things have changed, rather profoundly. In a significant policy shift, Spanish Prime Minister Pedro Sanchez has announced the government’s decision to abolish the golden visa program. This scheme allows foreigners to secure residency by investing a minimum of €500,000 in Spanish real estate. The move marks a pivotal change in Spain’s approach to foreign investment and residency. That’s not good news. Want to know more? Read here courtesy of EyeonSpain.com
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