To combat the housing shortage in Spain, the left-wing central government has decided to end the Golden Visa programme for property investors from non-EU countries. The aim is to curb speculation, Prime Minister Pedro Sánchez explained in Seville on Monday. "We will take the necessary measures to ensure that housing is a right and not a speculative business." The Socialist politician said that the Council of Ministers would finalize the necessary amendment to the law on Tuesday in Madrid, but he
Spain and Portugal are revising visa schemes for real estate investors, focusing on housing rights. Neighbouring Portugal has recently revamped its own "golden visa" scheme and excluded real estate investment to tackle a housing crisis.