[GarySFBCN]

“A total of 324 people had signed up to the scheme up to end of the September, according to new figures from Spain’s foreign ministry and published by Spain’s 20 minutos newspaper.”
. . .
“The total value of that real estate investment was €256.1 million, the ministry said.

As of May, the number of property buyers who has made use of the Golden Visa scheme was just 72, with Spain’s national newspaper El País describing the Golden Visa scheme as a flop.

However, the new figures show there has been increased take-up since that time, even if this is limited.”

More here:

http://www.thelocal.es/20141111/spains-golden-visa-scheme-picks-up

[Mark Stücklin]

Yes, the Spanish Golden Visa scheme has been a total flop because it’s the least attractive scheme on the planet. Totally unfit for purpose. I’ve been doing some research into why it’s such a flop. I write about it in the blog next week.

[Author]

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