The END of the GOLDEN VISA in SPAIN | Here is WHAT to Do NOW!

[@n.m.894]

Thanks! You answered all my questions. You are the best!

[@jengd1730]

Gracias for the video. We’ve felt crushed all week since our plan was to go for the Golden Visa by purchasing a home in Caceres and a summer place in Galicia. Most foreign investors aren’t interested in regions like Extramadura. 😢

[@emergentinvestors]

Sounds interesting! Not only foreign investors, but neither local investors are very much interested in those areas. We haven't worked in Extremadura, but people from there are 10/10. Galicia is among the most beautiful regions in Spain. It's actually gaining quite a lot of interest since COVI... Good luck with your plan!

[@jengd1730]

@@emergentinvestors It’s the people and community that sold us on Caceres. Even though there are very few English-speaking expats (very few speak English at all), we have fallen in love with the city and have made friends there after only four visits (two were for a longer period studying Spanish at the local language school). It’s a vibrant community of about 90k people, great healthy cross-section of young families to retirees, artist and musician enclave, with both government centers and university economies. I’m glad more Americans and Brits don’t know about Caceres - though my plan under the GV was to start some sort of historical/tourist service for English speakers. Time to rethink everything.

[@mtnmanJamie]

Excellent assessment Oscar!

[@rdubitsk]

Excellent video. However I am already almost closing on an apartment in BCN. Should I rush to apply for golden visa? Also, for non-lucrative visa don't you need to live in the country for 6 months which means you are subject to wealth tax?

[@DorthyMoo]

🎉!!!!!EXCELLENT NEWS!!!!🎉

[@robtonge5516]

Great video, gracias por su consejo

[@refez.6963]

I already have the Spanish Golden Visa through real estate, will this affect me as well?

[@abrahamlevi3556]

Bare in mind that a lot of EU citizens who are not bound by the Golden visa, are still buying a lot of property in Spain, so the over all impact of foreign buyers on the market is still there.

[@emergentinvestors]

Certainly! As I mention in the video this is more a political marketing decision rather than an economic decision. The impact on the real estate market will be practically 0.

[@millennialx9044]

Exactly. This does not at all solve the problem, which is why this is so bizarre, and nonsensical. The government is pandering to the mob who are clearly not well educated, because of elections. If they want to stop foreign speculation simply limit foreigners to owning 1 residential property in Spain, even current foreign multiple property owners, this will put more homes back into circulation. We are in Spain now under the program and I told my husband I'm over this let's just move to Germany or France and call it.

[@Sir-Marcus-7]

What if I want to buy a home and live in Spain for 180 days each year? What’s would be the best option?

[@emergentinvestors]

There are no "middle options" as far as I'm concerned. The GV is the only option for that. Less than 3 months: no visa / Schengen tourist visa Between 3-6 months: Golden Visa More than 6 months: NLV, DNV... (becoming legal & tax resident in Spain)

[@maneugeni]

@@emergentinvestorsSo this is alarming for non-European members who want to buy an apartment and live in Spain for 6 months? If you do non-lucrative, you have to be a tax resident and stay over 6 months?

[@emergentinvestors]

@@maneugeni Yes, if you want to live in Spain (+182 days per year), you have to pay taxes in Spain.

[@maneugeni]

So you cannot live in Spain for 6 consecutive months (less than 183 days) under the non-lucrative Visa? The effect of the revocation of the GV is a lot less purchases and interest from American and Canadian buyers of vacation property in Spain. Rich Swedes, Danes, Dutch. Etc. will still bid up the market. What a joke.

[@emergentinvestors]

@@maneugeni In over 10 years of Golden Visa program in Spain, there were only 179 applications from North Americans (from which we've done around a 10% of those). Do you think that will have an effect on the Spanish RE market? It's completely insignificant. That said, I'm not supporting the Government at all. Btw, EU citizens do not need any visa to come and invest here. Not only that, but they also enjoy huge tax incentives for doing it, unlike residents in Spain or non-EU residents.