Spain tempts investors with residency

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

    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.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Interactive: Take a tour through divided Jerusalem

    Interactive: Take a tour through divided Jerusalem

    Take a tour through East and West Jerusalem to see the difference in quality of life for Israelis and Palestinians.

    Stories from the sex trade

    Stories from the sex trade

    Dutch sex workers, pimps and johns share their stories.

    Inside the world of India's booming fertility industry

    Inside the world of India's booming fertility industry

    As the stigma associated with being childless persists, some elderly women in India risk it all to become mothers.