Mansion Global Daily: Spain to End to Golden Visa Program – Mansion Global

Spain to End Golden Visa Program

Spain is planning to scrap its golden visa program, which had granted residency rights to non-EU citizens who make sizable real estate investments in the country. Ending the scheme, which has been in place since 2013, would help make access to affordable housing a right instead of a speculative business,” Prime Minister Pedro Sanchez said. The government launched the process to eliminate the program at Tuesday’s weekly cabinet meeting. Reuters 

Sweden Home Prices Ticking Up 

Home prices and real estate transactions ticked up across Sweden in March, suggesting that slowing inflation and an expected interest rate cut is boosting the recently ailing market. Apartment prices rose 1.8% in March from February, and detached house prices increased 1.1%, according to data from Svensk Maklarstatistik, owned by the Association of Swedish Real Estate Agents. “The March figures show a thaw with more deals and increased prices,” said Oskar Oholm, the association’s chief executive. But “there may still be setbacks.” The Business Times

Good Luck Finding a Rental Property in Melbourne’s Eastern Suburbs 

The tightest rental market in Australia can be found in the Melbourne suburbs, according to PropTrack. The city’s outer east, home to enclaves including Whitehorse, Knox and Manningham, had just a 0.48% rental vacancy rate in March. “The outer eastern suburbs have seen the strongest price growth over the past 12 months,” said PropTrack senior economist Anne Flaherty. “It ticks the boxes in terms of what a lot of people are looking for when it comes to where to live.” realestate.com.au 

Las Vegas Home Prices Are Rebounding

Home prices in Las Vegas are bouncing back after a sluggish 2023, pushed up by a shortage of stock. The median price of single-family homes sold in Southern Nevada last month was $465,000, according to Las Vegas Realtors, up from February’s $460,000, and 9.4% higher than March, when the median price was $425,000. “Although prices have been rising recently, they’re still below the all-time high we hit in 2022,” said Merri Perry, president of Las Vegas Realtors. “One of our biggest issues continues to be our housing supply. As we’ve been saying for a long time, it would help our local housing market if we had more homes to sell.” News 3 Las Vegas

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