Real estate agents say scrapping of Golden Visa will cause ‘irreparable’ economic damage to Spain’s Costa Blanca

  • 11 months ago
  • 0

‘IRREPARABLE’ damage will be done to the real estate sector and tourism on the Costa Blanca if the government abolishes the so-called Golden Visa. That’s the view of the Alicante Real Estate Agents Association (COAPI) and its president Marife Esteso, amidst warnings that foreign investors would ‘disappear’ from the area. Prime Minister, Pedro Sanchez, announced his intention this week to scrap the residency visa given to non-EU people who spend more than €500,000 in buying property. It’s believed that Alicante province gets an average of around a hundred Golden Visa applicants each year. The government view is that housing is

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