Buying Up the Semi-Periphery

Spain's Economy of 'Golden Visas

Bibliographic Data

ID2143078
AuthorsMax Holleran (0000-0001-7177-2065, The University of Melbourne, corresponding author)
Year2021
Volume86
Issue4
Pages730-749
Publication date2021-08-08
Open AccessNo
TypeARTICLE
VenueEthnos (JOURNAL)
Journal identifiersISSN: 0014-1844 • E-ISSN: 1469-588X
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/00141844.2019.1687548
OpenAlexW2984734429
LanguageEN
Citations received9
References cited29

After the 2008 crisis, Spain forged new economic connections with Asia as relations with EU core countries soured, including a programme called 'golden visas' that offers EU visas, and eventual citizenship, linked to purchasing second homes. Southern European countries with housing gluts, sovereign debt, austerity measures, and aging populations embraced these programmes while discouraging the migration of refugees. Using research with potential Asian property purchasers, this article shows that those seeking visas are not only motivated by political conditions in their home countries but they also seek to 'buy into' the European social model. Home-purchasers see their investment as a means to cheaply access state services unavailable in their countries and they make longsighted geopolitical predictions through the purchasing of homes and the visas that come with them

Austerity · Business · Citizenship · Economic growth · Economics · Economy · Foreign direct investment · Geopolitics · Investment (military · Political science · Politics · Purchasing · Refugee · Sovereignty · State (computer science · Law · Migration and Labor Dynamics · Migration, Aging, and Tourism Studies · Migration, Ethnicity, and Economy

Tools

Open DOISci-HubOpen Access