Real Estate Investor Magazine September 2024 Edition | Page 87

What will happen to the people who have applied , but not yet been granted their visa ?
We don ’ t yet know , although it would seem only fair that a deadline for applications is set so that these applicants can rest assured that they will not be unduly affected .
Can people still apply for a Golden Visa now ?
Yes . Remember , this proposal needs to be ratified before its abolition , and the idea could be met with objections and delays .
How quickly do you expect this new legislation to come in ?
Again , we are unsure , but a timescale of 6-12 months would seem to be a fair assessment .
Do you expect this to affect your buyers / sellers ?
It depends on the nationality and residency status of the buyers . Those with EU passports are unaffected . Brits who are happy to adhere to the 90 / 180 rule ( i . e . spending no more than 90 days in the EU within any one period of 180 days ) will also be unaffected . Those seeking permanent relocation into Spain via this scheme from outside the EU are most at risk .

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