Spain to SCRAP Golden Visa

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Spain to end golden visas Good news for BRITS
Spain to end 'golden visas' granting residency to investors who spend €500k on housing
PM Pedro Sánchez announces termination of scheme that has benefited 10,000 people since 2013
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Опубликовано:

16 сен 2024

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Комментарии : 62

@keepitreal1547 5 месяцев назад

We were one of those families that lost out in moving to Spain due to Brexit...& yes we voted to remain in the EU. Let's hope the change in the Golden Visa rule, will open other easier avenues up for all those (like us) who still want to move there.

@jerzywoking1699 5 месяцев назад

Out of the 302,000 Brits resident in Spain, only 0.01% hold a Golden Visa. If my maths are correct, that is just 30 people. It's to stop Chinese , Russian amd other foreign companies laundering funds here through property deals.

@user-if4lj9ei9y 5 месяцев назад

Yes l totally agree 👍

@marksutton1923 5 месяцев назад

Hi Barry, I enjoyed the change in style with this video. I think that perhaps interviewing experts is a good idea - although there are a lot of other available channels doing similar. We move across to our house in Daya Vieja next Thursday on the NLV so perhaps might see you around as we explore. Keep up the good work 🇪🇸

@KeithS54 5 месяцев назад

Everyone seems to be reporting that the Golden Visa is ending. Not strictly true! They are stopping Golden Visa entitlement for Real Estate purchasers (of E500,000 or more) but the Visa can still be acquired by other investment, i.e. Business Development or Capital Transfer. Those do cost considerably more than the Real Estate option.

@user-if4lj9ei9y 5 месяцев назад

Yes but the uk 🇬🇧 people are getting shafted.

@markmw123 5 месяцев назад

That’s bound to hurt some developers ref purchases of all those new build apartments etc we’ve seen in some of your videos….

@kararkhan8720 5 месяцев назад

No country that have tried the GV program and had 100% positive results. It usually hurts and inflates the real estate market. I hope they keep program open for other investment options such as stocks and bonds purchases and business.

@davewalkden7248 5 месяцев назад

It's all about preventing Russian money-laundering. Realistically, how many Brits spend over 500k on a property in Spain? Hardly any.

@collin6238 5 месяцев назад

177

@davewalkden7248 5 месяцев назад

@@collin6238 That's quite specific, Collin. And I'm sure it's 100% completely accurate...😀

@rayjames433 5 месяцев назад

What happened was interested in asking some info about moving to torrevieja learning heaps from your videos about moving from australia to spain much appreciated

@salozinp 5 месяцев назад

The housing problem in Spain is simple. In the last 15 years, 7 million immigrants have arrived, and that has caused rents to explode.

@mrsthelens1 5 месяцев назад

around 10 million to the uk over the last 15 years

@SillyMog 5 месяцев назад

Tbh when we move we will be looking at the NLV. Id love to work remote but alas dont earn enough for the digital nomad visa.

@paulbraby4903 5 месяцев назад

Barry .. When the Housing Boom went bust in Espana .. And the banks had numerous amounts of properties on their hands.. A few American Companies bought a lot of the properties for investments and started to put them on the market.. So that’s why the younger generation could afford to buy a property 🤔

@peggymckenzie5290 5 месяцев назад

Given the tiny number of GVs approved each year, less than 150 on average each year, it will make no difference at all. All it will do is remove the opportunity for businesses to be set up by non EU citizens. The housing demand is fed by NLV and EU immigration and by non resident investment in holiday lets. The GV debate is motivated by populist politicians. Its lazy politics.

@susanwaite1187 5 месяцев назад

Chris at upsticks knows everything about moving to Spain maybe interview him.?

@kirstrejvdz5596 5 месяцев назад

Hopefully 🤞 make it easier for the likes of people like us that have the funds to live there comfortably, without having five hundred thousand pounds! From the uk 😊

@paulcousins1371 5 месяцев назад

Greetings Barry and Karen, I think I can understand both sides,Spain does not want to have an inflated out of control housing market and yet want to attract investors.If you can afford the golden visa then you have choice,Spain can’t afford to alienate her citizens…meanwhile in UK🤦🏾‍♂️ 🥰

@janres9540 5 месяцев назад

The main issue is that in addition to skyrocketing rental prices in the cities, the profile of Golden Visa users is very clear: -Buyers from enemy countries of the West and NATO, (Russia, Iran, China) -In Madrid, there is the special circumstance of Venezuelan millionaires. Although Venezuela is a country with historical ties with Spain, it is considered that the millionaires from that country who access Spain with the Golden Visa are creating a community that is too influential in matters of the Spanish State. , in the style of the Cubans from Florida, in the USA. It has been decided to put an end to this growing Venezuelan activity in Madrid at its roots.

@roberttewnion1690 5 месяцев назад

I think it's good that Sanchez has announced this. Why should the mega rich get these perks?

@jerzywoking1699 5 месяцев назад

It was because they are mega rich that they were welcome. Same as every country. Then it gets abused by launderers, so it gets stopped.

@johnboucher8226 5 месяцев назад

909 golden visas issued a year. Threes no way that low number has pushed rents up nationally

@pennybaxter4 5 месяцев назад

But 250.000 golden visas issued for the whole of spain .

@ScottishCoupleInSpain 5 месяцев назад

The figure is closer to only 11k issued since 2013 to 3rd countries including the UK. China, Russia have the most, with numerous other countries.

@user-nz5pq7hd2b 5 месяцев назад

Hi Barry does that mean that more property over 500.000 euros will be available for Spanish people to buy

@ScottishCoupleInSpain 5 месяцев назад

I think what they want to do is keep property affordable for Spanish people.

@traceys8065 5 месяцев назад

Thats good news for the Spanish people who are finding it hard to get a property. Wont affect me as im perfectly happy living in Scotland and just holiday in Spain 😊

@user-if4lj9ei9y 5 месяцев назад

Hi 👋 guys Spain is just starting to shaft us in the uk 🇬🇧 now if its wasn’t for us buying hear or holiday they would have nothing l wish l done it before the bregsit 😢😢😢. Hope your both well. From g in Scotland 🏴󠁧󠁢󠁳󠁣󠁴󠁿

@ScottishCoupleInSpain 5 месяцев назад

I’m sorry I have to say this, but Spain has a much larger market than just the UK. The economy in Spain is one of the best in Europe. Northern Europeans are buying more homes here and also countries like China and Russia amongst other countries are the biggest up-takers of the Golden visa way ahead of Brits. Americans, Canadians and Australians are also buying property here and lots more non EU countries too. Add in other EU countries who holiday in Spain and buy homes… There’s a lot more to Spain and the people who live here outside of the “Brit” hotspots. We’re glad we beat the Brexit deadline, and we know a few people who wished they’d done it sooner. Thanks for watching. www.bbvaresearch.com/en/publicaciones/spain-why-is-it-europes-fastest-growing-economy/ economy-finance.ec.europa.eu/economic-surveillance-eu-economies/spain/economic-forecast-spain_en

@kimbershulme 5 месяцев назад

My mother has owned a property since 1997 I wonder if we would be able to move over?. In Torre. Crypto tax rates too high. Will have to look at Portugal.

@jerzywoking1699 5 месяцев назад

Portugal have also stated their Golden Visa's are to go.

@kimbershulme 5 месяцев назад

Bummer!

@Pwr2ThePeople 4 месяца назад

Seems like political posturing to me, can't see it making any difference! We were going out on the via the golden visa this year but I've decided on another residency route that will still allow us to work as not sure how long it will be open for, but as you know the wheels turn slowly there so who knows might still be an option 🙏🏻 We're can i find the video on windows that you mentioned in a previous video mate?

@patrickdocherty5839 5 месяцев назад

thanx Baz great info kkep us up to date with Visa RULES THANK YOU god bless you and your wife

@jasonsweb1 5 месяцев назад

EPREM is too high for 5 year residency in non lucrative thats whats stopping me from moving .i dont have enough money to cover it.cant work either so how am i ment to afford to move,rent/buy/living costs?

@Simon-jj2pu 5 месяцев назад

I have a lot of friends who go self employed after the first year. The local solicitors advertise this

@tomm5228 5 месяцев назад

Brought a villa last year and applying for a Irish passport currently so signs here in UK are saying move?

@keepitreal1547 5 месяцев назад

Where did you bring it from?

@dominic8218 5 месяцев назад

It’s quite a socialist government Baz. He’s trying to look after his own people, however it’s another barrier for myself to be honest.

@yvestremoulet4752 5 месяцев назад

are the scottish not concerned by the 90 days rule ? how do you manage to live there all year ? thanks .... ;)

@ScottishCoupleInSpain 5 месяцев назад

We moved before Brexit came into force and we have residency in Spain. We live and work here and pay our taxes here.

@yvestremoulet4752 5 месяцев назад

@@ScottishCoupleInSpain I guess you have a 5 years residence card . will it be possible to renew it ? that might be complicated by Brexit ...or you must become spanish :)

@ScottishCoupleInSpain 5 месяцев назад

@@yvestremoulet4752it’s very easy to renew. We are protected under the withdrawal agreement. We don’t plan on moving away from Spain ever.

@yvestremoulet4752 5 месяцев назад

@@ScottishCoupleInSpain Good for you 2 !! in France also there are a lot lot of brits living in villages . local politics asked the goverment what will happen for them with this 90 day rule ... goverment answerd recently that they could not help because residency rules are set up by Europe , not the country .... :(

@Argyll1000 5 месяцев назад

Baz I'm in Falkirk but have an Irish passport. I intend to move to Spain in the next couple of years. What's the craic with healthcare? I'm on some meds. As an EU citizen do you have to pay for healthcare?

@ScottishCoupleInSpain 5 месяцев назад

The public healthcare system is brilliant here. It’s free but some residents choose to top up with private healthcare. Depending on your entry requirements you might have to take out private healthcare for the first year but it depends on the visa so do check that out.

@Argyll1000 5 месяцев назад

@@ScottishCoupleInSpain Surely I wouldn't need a visa if I'm a EU citizen?

@ScottishCoupleInSpain 5 месяцев назад

@@Argyll1000No you don’t with your Irish passport. Sorry, I meant to check the public health and the requirements to be entitled to that. We pay our tax and social security in Spain so we’re entitled to the Spanish healthcare.

@collin6238 5 месяцев назад

This retraction of the golden visa is only going to hurt Spain and the Spanish economy

@ScottishCoupleInSpain 5 месяцев назад

😂😂😂 yet it’s the second best economy in the EU currently. And it’s not the first county to get rid of the golden Visa. Baz. Whilst the Uk is in recession. Stop listening to the Uk media.

@paulbraby4903 5 месяцев назад

Rental market

@Timjacks01 5 месяцев назад

From what I see only about 5000 granted. Seems like Spain shooting themselves in the foot as other countries bring in money.

@jerzywoking1699 5 месяцев назад

A lot of it has shown to be dirty money, coming here to be laundered. Why would a civilised country accept that?

@jerzywoking1699 5 месяцев назад

And how many of those 5000 were used to launder money by companies in Russis and China?

@Timjacks01 5 месяцев назад

@@jerzywoking1699 what’s that got to do with the price of fish?!

@janres9540 5 месяцев назад

@kararkhan8720 5 месяцев назад

"enemy countries" i found very sarcastic that Brits always try to hold the high moral grounds when London is literally the world's capital of drity money laundering. Not only Russians and Middle Eastern dirty money but you name it they have it.