Post by account_disabled on Mar 14, 2024 9:51:36 GMT
The future of the 'golden visa' is once again a topic of debate within the central government. During the month of February , Más País presented a bill in the Congress of Deputies to eliminate the 'golden visa', the “golden” visa for foreign investors who buy a Spanish dream home worth 500,000 euros. And the Government is now studying whether to eliminate this residence permit or toughen the requirements to obtain it , having to invest a greater amount of money.
Iñaki Unsain, real estate personal shopper Phone Lead and general director of ACV Gestión Inmobiliaria, believes that this measure only contributes to generating instability and uncertainty in the foreign investor: “ Investors buy because they want to have a home in Spain, not because they want to obtain the 'golden visa,” he asserts.
Data from the Ministry of Foreign Affairs indicates that in 2022, 136 residence permits were issued for investments in real estate , 72% less than the previous year. "The number of investors who obtain this 'golden visa' is tiny, it has no weight with respect to the total investment in our country," says the former president of AEPSI (Spanish Association of Real Estate Personal Shoppers), who points out that the purchase of housing in order to obtain the 'golden visa' represents around 1% of the total investment.
Following in the footsteps of Europe
European countries such as Portugal or Greece have already begun the procedures to repeal this law, which the Executive is considering eliminating completely or partially. The real estate expert affirms that the measure of raising the minimum investment to obtain the 'golden visa' would not have any direct effect beyond the reduction in the number of residence permits granted.
Iñaki Unsain points out that these measures "contribute to generating obstacles in the real estate investment of foreign capital , who, attracted by the good conditions of our country, find themselves with more and more problems investing in the national economy."
Eliminating these 'golden visas' has been and is one of the flagship proposals of Más País. In February the party presented a bill along the same lines, and even took advantage of the final phase of the processing of the Housing Law to introduce an amendment that would eliminate these visas. However, the proposal was rejected in Congress.
This residence permit for foreigners can also be obtained if investments of more than one million euros are made in deposits or shares of Spanish capital companies, or more than two million in state bonds.
Errejón does support maintaining the 'golden visa' for foreign investors who buy Spanish debt worth two million euros or who develop a business project in Spain.
Iñaki Unsain, real estate personal shopper Phone Lead and general director of ACV Gestión Inmobiliaria, believes that this measure only contributes to generating instability and uncertainty in the foreign investor: “ Investors buy because they want to have a home in Spain, not because they want to obtain the 'golden visa,” he asserts.
Data from the Ministry of Foreign Affairs indicates that in 2022, 136 residence permits were issued for investments in real estate , 72% less than the previous year. "The number of investors who obtain this 'golden visa' is tiny, it has no weight with respect to the total investment in our country," says the former president of AEPSI (Spanish Association of Real Estate Personal Shoppers), who points out that the purchase of housing in order to obtain the 'golden visa' represents around 1% of the total investment.
Following in the footsteps of Europe
European countries such as Portugal or Greece have already begun the procedures to repeal this law, which the Executive is considering eliminating completely or partially. The real estate expert affirms that the measure of raising the minimum investment to obtain the 'golden visa' would not have any direct effect beyond the reduction in the number of residence permits granted.
Iñaki Unsain points out that these measures "contribute to generating obstacles in the real estate investment of foreign capital , who, attracted by the good conditions of our country, find themselves with more and more problems investing in the national economy."
Eliminating these 'golden visas' has been and is one of the flagship proposals of Más País. In February the party presented a bill along the same lines, and even took advantage of the final phase of the processing of the Housing Law to introduce an amendment that would eliminate these visas. However, the proposal was rejected in Congress.
This residence permit for foreigners can also be obtained if investments of more than one million euros are made in deposits or shares of Spanish capital companies, or more than two million in state bonds.
Errejón does support maintaining the 'golden visa' for foreign investors who buy Spanish debt worth two million euros or who develop a business project in Spain.