An IMGW News Report
In a bid to ‘curb money laundering and alleviate inflationary pressures,’ Spain has vowed to discontinue its ‘golden visa’ scheme. Introduced in 2013 during economic turmoil, the program offered residency rights to affluent foreign investors in exchange for real estate investments. However, its closure signifies a broader shift in policy, prioritizing housing accessibility over speculative gains. While some commentators view this as a populist move, others see it as a bold departure from previous policies.