Spain set to ditch golden visa scheme

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PM Pedro Sánchez has announced the end of the so-called golden visa.

The scheme which allowed people from countries outside the European Union to gain residency in Spain by buying a property valued at more than €500,000 was introduced by the Partido Popular (PP) government of Mariano Rajoy in 2013.

The move will be seen as a major blow by Britons who were banking on using the concession to retire to Spain, with the UK no longer enjoying the benefits of being in the European Union.

Full report in Friday’s Costa Blanca News

Read more in this week’s print edition or go to e-paper

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