Sánchez announces that the Council of Ministers addresses this Tuesday eliminating the gold visa for investments in housing

TWO SISTERS (SEVILLE), April 8. (EUROPA PRESS) -

The President of the Government, Pedro Sánchez, has announced that the Council of Ministers will address at its meeting this Tuesday the elimination of the golden visa, also known as 'Golden Visa', for foreigners who invest in housing with an investment of value or greater than 500,000 euros.

During an event on housing in Dos Hermanas (Seville), Pedro Sánchez explained that the Council of Ministers will study a report submitted by the Minister of Housing and Urban Agenda, Isabel Rodríguez, to modify the Law approved by the PP Government in the year 2013 "which allows you to obtain a residence visa if you invest in housing in our country."

"We are going to begin the procedure to eliminate the granting of the so-called 'Golden Visa', which allows access to the residence regime when investing more than half a million euros in real estate," said Sánchez, who pointed out that this will aims to "guarantee that housing is a right and not a mere speculative business."

He has stated that around 94 percent of investor visas are linked to real estate investments (close to 10,000 authorizations), and cities such as Barcelona, ​​Madrid, Malaga, Alicante, Palma de Mallorca and Valencia are the most in demand for this type of operations. and, furthermore, they coincide in being the "most stressed" areas.

The president has guaranteed that the Government's priority in this legislature is to guarantee access to affordable housing, to respond to citizens, and that no citizen has to allocate more than 30 percent of their income to have a decent, adequate home. and quality. To achieve this, as he pointed out, priority is being given to the social function of housing.

Pedro Sánchez has indicated that his Government does not want for Spain the model of "speculative investment in housing, because it is a model that leads us to disaster and, above all, leads us to lacerating inequality, as a consequence of what we are experiencing. of the inaccessibility that many young people and families have to housing.

He explained that Spain has another path to real and sustainable progress, "being a country for productive investment, which generates innovation and quality employment." "What we want is to lay the red carpet for those who come to Spain to create jobs, to invest in innovation or to boost our productive fabric and not for those who simply seek to speculate with an asset such as housing," the president stated.

Sánchez has defended that his Government has carried out an "unprecedented" investment effort in affordable housing, and has highlighted that, for example, in Andalusia, since 2018, 1.5 billion euros have been allocated to housing policies. , both through the Recovery, Transformation and Resilience Plan and through state housing plans.

He explained that the result is more than 35,000 homes, 28,000 homes in rehabilitation, and more than 7,500 new homes under construction, to which we must add the more than 68 million allocated to the youth rental bonus.

The president has indicated that he is aware "that there is still a lot to do, because there are still many young people and young families with dependent children who have many difficulties in accessing housing, both in Andalusia and all of Spain", but he has insisted that a priority of his Government is to end this "vital drama."

"Our goal is clear, we are going to comply with the Constitution by guaranteeing everyone's right to decent housing and, to achieve this, what we must do is close the enormous gap with the European average when it comes to having a public housing stock" , according to Pedro Sánchez, who has denounced the "absolute abandonment" of public housing policies by previous PP governments.