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Spain considers ending or curbing controversial ‘golden visa’ scheme

By David Latona and Corina Pons

Spain could pull the plug on its so-called “golden visa” scheme that grants residency rights to foreigners who invest in real estate in the country, according to the leader of a left-wing party negotiating the issue with the government.

Iñigo Errejon told reporters on Monday his Mas Pais party had reached a preliminary agreement with the Social Security Ministry to put an end to the programme, which allows buyers of property worth at least 500,000 euros ($551,650) and their families to get three-year residency permits.

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