The government of Spain has taken the decision to end the Golden Visa in order to put a brake on the housing problem in the country, which affects all citizens. The repeal of the measure will be ratified by the cabinet tomorrow and will make it possible to combat “profit-making investments” which are hurting “many young people and families” as they are unable to find accommodation, he continued. “Today, 94 out of 100 golden visas are linked to investment in real estate” rather than companies, Sanchez explained. These investments are concentrated in large cities, such as Barcelona, ​​Madrid, Malaga, Alicante, Valencia and the Balearic Islands, investments where the real estate market is very stressed, he added. “Golden visas are a disgrace to Europe. It is unacceptable to give someone a residence permit simply because they are a multi-millionaire,” Ernest Urtasun, the culture minister and spokesman for the far-left Sumar party, the Socialists' ally in government, said today. The golden visa makes it possible […]
Source: News Beast
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