The measure was announced in a act on housing in Dos Hermanas, Seville. There, the president Pedro Sánchez assured that the government “will take the necessary measures to guarantee that housing is a right and not a mere speculative business“.
During the event in Seville, Sanchez explained that to make the decision, the Council of Ministers will study a report submitted by the Minister of Housing and Urban Agenda, Isabel Rodriguezto modify the Law approved by the PP government in 2013. “We are going to start the procedure for remove the concession Of the call golden visawhich allows access to the residence regime when More than half a million euros are invested in real estate. We will take the necessary measures to guarantee that the home is a right and not a mere speculative business“said the head of the Executive.
The issue of housing was at the center of the Spanish political agenda in recent months. Delving into the topic, the top Spanish leader indicated that “they are the cities that are being facing a highly stressed housing market, where is “It is almost impossible to find decent housing for those who live and work in them and pay their taxes every day.”
Sánchez’s announcement occurs in full campaign of the Basque elections and in the pre-campaign of the Catalans. Thus, the Spanish government seeks to give a boost to their housing policieswhich he hopes will be reflected this Tuesday, after the conclave of the Council of Ministers.
According to the statements of the President of Spain, the objective of these measures is ensure access to affordable housingto respond to a citizen demand, and that no resident has to allocate more than 30% of your income to have a home”worthy, adequate and of quality”. In this sense, Sánchez pointed out that he does not want the model of “speculative investment in housing, because it is a model that leads to disaster” and, above all, a great inequality inequality as a consequence of inaccessibility to housing.
He golden visa – or “golden visa” – is a possibility given by the Spanish Government to obtain the residence regime for real estate investment. This legislation has been available in Spain since 2013, when the Law of support for entrepreneurs and their internationalization.
The law includes several reasons why a foreigner can access a residence permit in the country through rapid processing. One of these reasons, for example, is support a startup.
However, and in line with concerns about housing, this legislation also allows access to the visa from the purchase of a property for the value of at least half a million euros. This is the most common reason why you can access the golden visa, being that 94 out of every 100 visas obtained In this way they are linked to real estate investment and are concentrated in capitals such as Alicante, Barcelona, Madrid, Málaga or Valencia, as Sánchez explained.
Furthermore, the Executive branch warned that they are “about 10,000” the total number of visas that were delivered since the law was passed in 2013. This type of access to Spanish residence is highly criticized by various NGOs because They turn residence into “a commodity.”
According to the latest Spanish Government databetween 2013 and 2022 the granting of golden visas for all types of investments (shares, business projects, real estate…) They totaled almost 11,500. From them, more than 90% – some 10,800 – they referred only to home purchases or other properties.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
