[QODLink]
Europe

Spain tempts investors with residency

Government approves plans to grant wealthy foreigners residency status if they buy property.

Last Modified: 12 Jun 2013 19:09
Email Article
Print Article
Share article
Send Feedback

Spain's government has approved plans to grant wealthy foreigners residency if they buy property, or set up businesses.

If parliament passes the bill, real estate worth $650,000 and above would give buyers such a status.

It is an attempt to boost Spain's crippled housing market, and give the country a much-needed injection of foreign cash.

Al Jazeera's Rory Challands reports from Barcelona.

61

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
City
Organisation
Featured on Al Jazeera
'Justice for All' demonstrations swell across the US over the deaths of African Americans in police encounters.
Six former Guantanamo detainees are now free in Uruguay with some hailing the decision to grant them asylum.
Disproportionately high number of Aboriginal people in prison highlights inequality and marginalisation, critics say.
Nearly half of Canadians have suffered inappropriate advances on the job - and the political arena is no exception.
Featured
Women's rights activists are demanding change after Hanna Lalango, 16, was gang-raped on a bus and left for dead.
Buried in Sweden's northern forest, Sorsele has welcomed many unaccompanied kids who help stabilise a town exodus.
A look at the changing face of North Korea, three years after the death of 'Dear Leader'.
While some fear a Muslim backlash after café killings, solidarity instead appears to be the order of the day.
Victims spared by the deadly disease are reporting blindness and other unexpected post-Ebola health issues.