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World

What’s going on with Spain’s Golden Visas?

11 April 2024

3:05 AM

11 April 2024

3:05 AM

Pedro Sanchez, Spain’s Socialist prime minister, wants to abolish the country’s ‘Golden Visa’ scheme, according to which non-EU citizens automatically receive residency for three years if they purchase property worth at least €500,000 (£429,000). Sanchez hopes that doing so will help tackle the cost-of-living crisis and soaring rental prices in the country’s biggest cities.

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