Spain is following in Portugal's footsteps again by CANCELLING its Real Estate Golden Visa. Why? A golden visa is essentially a way for wealthy people to buy residency or citizenship in a country - often without having to live there, or with minimal requirements such as a few days per year.
Spain’s Golden visa is the same - a residency by investment program that allows non-EU citizens to get residency in Spain by making an investment in the country. More than 15,000 Golden Visas have been granted to-date, with 94% in the housing category, making housing more expensive for local residents who are protesting about it. Spain's Prime Minister said his government wanted to make housing “a right, not a speculative business.” But is that possible in today's economy?
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Chapters:
00:00 Start
00:13 What is a Golden Visa?
00:51 Why Locals Are Mad
2:08 What Happens Next?
3:35 Alternative Visa Options
5:00 My Opinion
6:30 Greece Golden Visa
7:15 Subscribe for Updates
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👱🏻♀️ About: Kristin Wilson is the author of Digital Nomads For Dummies and the host of the Traveling with Kristin podcast and YouTube Channel YouTube. She's traveled to more than 60 countries and has been helping people move overseas since 2005.
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PS: This video is for entertainment purposes only and is not consulting or advice. Video descriptions may contain affiliate or refer-a-friend links for products I use and recommend. Thanks for supporting the channel!
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#goldenvisa #spain #portugal #greece