Spain axes 'golden visa' scheme to curb property speculation
Spain is to axe its so-called "golden visa" scheme under which foreign investors get residency for a 500,000-euro-investment in property, to curb the speculation blighting many Spanish cities, Prime Minister Pedro Sanchez said on Monday. The government is going to "do away with the so-called golden visa scheme that allows access to residency in exchange for investing 500,000 euros in property," Sanchez said while visiting an area near the southern city of Seville.