Many US citizens are reportedly looking to move to Spain (Image: Getty)
A “sudden scramble” from the US has reportedly been seen as many look for a way out with an investment scheme in .
According to the reports, there has been a 200 percent rise in applications for Golden Visas in Spain from US citizens. A large number of US citizens are moving to Spain in search of a new life, with ’s election victory being blamed, reports Majorca Daily Bulletin. American super-star Richard Gere, who recently set up home in Madrid told a Spanish audience that these were “dark days” in the US and labelled the US President as a “bully and a thug.”
On Saturday, a war of words broke out between leader , US President and JD Vance.
a war of words broke out between Volodymyr Zelensky and Donald Trump (Image: Getty)
The publicised spat between Trump and Zelenskyy may further fuel the desire of some US citizens to relocate.
Democrats, who were defeated by Trump’s Republican Party in the election, acknowledged that they understood why some Americans were choosing to leave the country.
Spain’s Golden Visa programme has been highly successful, enabling hundreds of Britons and Americans to settle in the country with minimal hurdles.
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The programme allowed individuals to secure residency simply by purchasing property. However, due to increasing pressure on the housing market, the Spanish government has decided to end the scheme
Since Spain’s announcement, there has been a significant surge in demand for Golden Visas in Portugal and Greece, with some critics suggesting that Spain has effectively scored an own goal.
These critics argue that Spain closed a loophole that had allowed wealthy non-EU citizens to gain residency with minimal paperwork in exchange for making substantial property investments.