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EXCLUSIVE: Ending the golden visa in Spain is a ‘big blow’ to British and US buyers, say property experts – as political leaders brand it ‘senseless’ and ‘anti-business’

THE ending of the golden visa scheme in Spain has been met with a wave of criticism, particularly in high-value areas like the Costa del Sol. Prime Minister Pedro Sanchez announced yesterday that the programme, which grants foreigners residency when they buy a home for €500,000 or more, is to be scrapped. The socialist PSOE leader cited ‘too much property speculation’ in the biggest cities, amid...

EXCLUSIVE: Ending the golden visa in Spain is a ‘big blow’ to British and US buyers, say property experts – as political leaders brand it ‘senseless’ and ‘anti-business’

THE ending of the golden visa scheme in Spain has been met with a wave of criticism, particularly in high-value areas like the Costa del Sol. Prime Minister Pedro Sanchez announced yesterday that the programme, which grants foreigners residency when they buy a home for €500,000 or more, is to be scrapped. The socialist PSOE leader cited ‘too much property speculation’ in the biggest cities, amid...

Shrinking rental stock in Spain is blamed on ‘destructive’ new housing law as landords opt for tourist lets – sparking a tourism backlash on the Canary Islands and elsewhere

RISING rental pressures have been blamed on Spain’s new Housing Law 2023, which has seen landlords choose to take their properties off the market. This is according to a new report from idealista, who claim that the number of applicants for each apartment advertised on their web portal have increased on average by over half across Spain year-on-year. Unsurprisingly, the strife-ridden Canary Islands sees...

Shrinking rental stock in Spain is blamed on ‘destructive’ new housing law as landords opt for tourist lets – sparking a tourism backlash on the Canary Islands and elsewhere

RISING rental pressures have been blamed on Spain’s new Housing Law 2023, which has seen landlords choose to take their properties off the market. This is according to a new report from idealista, who claim that the number of applicants for each apartment advertised on their web portal have increased on average by over half across Spain year-on-year. Unsurprisingly, the strife-ridden Canary Islands sees...

Pros and cons of buying a bank repossession property in Spain, according to Idealista – as new listings hit the market from as little as €2,300

BUYING a bank repossessed property in Spain is seen as a cheap way to get a home or just getting one for investment purposes. Bank repos are almost inevitably down to the previous owner unable to maintain their mortgage payments and were especially common during the economic crisis of 2008 onwards. With interest rate hikes...

Pros and cons of buying a bank repossession property in Spain, according to Idealista – as new listings hit the market from as little as €2,300

BUYING a bank repossessed property in Spain is seen as a cheap way to get a home or just getting one for investment purposes. Bank repos are almost inevitably down to the previous owner unable to maintain their mortgage payments and were especially common during the economic crisis of 2008 onwards. With interest rate hikes and the cost of living these days, there is still an extensive portfolio of such...

Pros and cons of buying a bank repossession property in Spain, according to Idealista – as new listings hit the market from as little as €2,300

BUYING a bank repossessed property in Spain is seen as a cheap way to get a home or just getting one for investment purposes. Bank repos are almost inevitably down to the previous owner unable to maintain their mortgage payments and were especially common during the economic crisis of 2008 onwards. With interest rate hikes and the cost of living these days, there is still an extensive portfolio of such...

Revealed: The hottest locations for foreign property buyers in Spain – as Brits continue to dominate

BRITS are continuing to dominate the Spanish property market and THESE are the hottest locations for foreign buyers.  READ MORE: Spain to end golden visas that grant residency to foreigners who buy a €500,000 home According to the Annual Property Report by the Spanish Property Register, foreign buyers are still leading the country’s market for the third year running.  Since 2013, foreign buyers have...

Revealed: The hottest locations for foreign property buyers in Spain – as Brits continue to dominate

BRITS are continuing to dominate the Spanish property market and THESE are the hottest locations for foreign buyers.  READ MORE: Spain to end golden visas that grant residency to foreigners who buy a €500,000 home According to the Annual Property Report by the Spanish Property Register, foreign buyers are still leading the country’s market for the third year running.  Since 2013, foreign buyers have...

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