QUESTION?
As explained by Pedro Sánchez, the President of the Government, the elimination of the Golden Visa aims to "guarantee that housing is a right and not a mere speculative business", since the demand for this type of operations is concentrated in areas of tense residential market.
According to the Executive, this measure has increased tension in the real estate market, making access to decent and affordable housing more difficult for ordinary citizens. However, will the elimination of the Golden Visa impact the residential market in Spain?
We do not believe there will be a significant difference in prices as the volume of affected buyers is too small to have a significant impact on real estate market prices.
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