"Spain Joins Portugal in Scrapping 'Golden Visas' for Wealthy Foreign Investors"

Spain plans to eliminate its "golden visa" program, which grants residency to wealthy non-EU citizens who invest in real estate, citing concerns about affordable housing. The move follows similar actions by Portugal, Ireland, and Australia in recent years. Critics argue that the program has had minimal impact on the housing market and is part of a broader trend of tightening such policies globally. The decision reflects a shift away from prioritizing wealth in immigration policies, with some experts emphasizing the importance of entrepreneurial spirit over financial means.