May 16, 2024
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Spain axes ‘golden visa’ scheme to curb property speculation

  • April 9, 2024

Prime Minister Pedro Sanchez on Monday announced the Spanish government’s decision to abolish the controversial “golden visa” scheme, signaling a pivotal move in curbing the rampant speculation plaguing many Spanish cities. Under this scheme, foreign investors could obtain residency in Spain by investing €500,000 in property.During his visit near Seville, Prime Minister Sanchez emphasized the

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Loans

Exclusive | Hong Kong Monetary Authority asks banks to exercise caution when offering property loans for speculative ‘confirmor sales’

  • March 6, 2024

A confirmor sale occurs when a purchaser or confirmor enters into an agreement for the sale and purchase of a property with the owner or vendor, but before completion sub-sells the property to a sub-purchaser. A few such transactions have been noticed since the removal of the curbs by the Hong Kong government last week.

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