Spain will scrap its 'golden visa' program geared towards foreigners who make significant investments in real estate.

The program rewarded foreign investors who invested at least 500,000 euros in property to live and work in Spain for three years.

UK correspondent Enda Brady says these investors were locking locals out of the property market- and Prime Minister Pedro Sanchez decided enough was enough.

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Spain will scrap its 'golden visa' program geared towards foreigners who make significant investments in real estate.
The program rewarded foreign investors who invested at least 500,000 euros in property to live and work in Spain for three years.
UK correspondent Enda Brady says these investors were locking locals out of the property market- and Prime Minister Pedro Sanchez decided enough was enough.
LISTEN ABOVE

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