đ This Week in Spain: Golden Age No More
Also: End of an era as TV's SĂĄlvame is canceledâand a very hot April.

By @IanMount and @AdrianBono | May 11, 2023 | Madrid | Issue #13
đ Welcome to The Tapa, an English-language, weekly newsletter about all things Spain!
đ„ This Week in a Nutshell: Local media reported that the national government is considering making changes to the golden visa scheme that so many use to get residence in Spain. As if that werenât tragic enough, our favorite trash TV show is leaving our screens for good.
đșIf you havenât subscribed yet, please do so by clicking on the button below.
đ«¶ And if you already have, please send this newsletter around to your friends and family and help us keep growing.
First Portugal, Now Us
đ Golden, GoldenâŠGone?
Spainâs âGolden Visaâ program may be coming to an end soon, just 10 years after its birth. El PaĂs broke the story Monday that the Ministry of Inclusion, Social Security, and Migration, led by JosĂ© Luis EscrivĂĄ, was studying plans to tighten or eliminate the parts of the Ley de Emprendedores, the 2013 law that allowed foreigners to essentially buy Spanish (and thereby EU) residency by investing in real estate.
The ostensible motivation behind the law was to attract entrepreneurs who would invest in businesses, as its name suggests. But really, the idea was to bring in money, and to help float Spainâs battered real estate market, which had plunged into a tailspin after the 2007/8 financial crisis.Â
The law set a series of investment minimums to acquire a âGolden VisaâââŹ2m in Spanish treasury bonds, âŹ1m in shares in a Spanish company or investment fund, and, the most accessible, âŹ500,000 in Spanish real estate.
You guessed it! Most people went for the cheapie. The schemeâwhich allows the investor to bring in a spouse or partner, children, and older relatives they are caring forâhad delivered residency visas to 31,000 people, 94% of whom came through the real estate option, El PaĂs reports.
Things have changed since the law was passed, however. The housing market has come roaring back. Nationwide, prices are only 7.2% below their all-time high reached in 2007, according to Idealista, and in some autonomous communities (you know who you areâthe Balearic and Canary Islands and Madrid) prices have set new records.Â
The problem now is housing accessibility, or the lack thereof, which explains all the schemes PM Pedro SĂĄnchez has recently announced to increase social housing and help young people buy. And while âŹ500,000 may have seemed like all sorts of lujo in 2013, now it's just a middle class home in many cities, meaning foreigners with cash are blocking out younger Spaniards.
Thatâs why the left has been very critical of the law, passed when PM Mariano Rajoy of the center-right PP was in power. Former Pablo Iglesias bestie and current MĂĄs PaĂs leader Ăñigo ErrejĂłn proposed an initiative in February to eliminate the visas, arguing that they encouraged real estate speculation and prices that kicked people out of their own neighborhoods. ErrejĂłn said the visas offer millionaires a "backdoor privilege" and turn Spain into a "sort of colony, often attracting dark money". The initiative did not prosper then, butâŠ
ErrejĂłn was not alone. Back in March 2022, shortly after Russiaâs invasion of Ukraine, the European Commission urged member states to âimmediately repeal any existing investor citizenship schemes and to ensure strong checks are in placeâ to stop money launderers and other undesirable folksâlike, say, Putin-supporting Russian baddiesâfrom using them.
A string of countries have modified or canceled their Golden Visa schemes since then. Portugal? They decided to end theirs in February. Same with Ireland. And Greece doubled its own minimum to âŹ500,000 on May 1. So Spain is feeling the đ„.
So what will Spain do? The two options on the table, according to gov folks speaking to the media, are either raising the minimum for buying a home to the same level as that of investing in a businessâthe argument, beyond driving up middle-class home prices, is that the lower threshold disincentivizes investments in more productive things, like, say, a business with employeesâor just eliminating it altogether.
While many are predicting a raising of the minimum to âŹ1m, eliminating it would give SĂĄnchez a double bonusâit would get Brussels off his back, and it would help ErrejĂłn-pal Yolanda DĂaz, with whose new party, Sumar, SĂĄnchez wants to form a coalition with after elections later this yearâand in the process maybe kill off the irritating-and-often-embarrassing Podemos he has in his government now. Two đ„, one stone!
đ A Message From Our Sponsor

Bucólico Café is a project of connection that was born as a specialty coffee shop.
We value time and understand that it represents both a cycle and an instantâchronology and nostalgia. BucĂłlico is a space that connects oneâs soul with the purity, lightness and beauty of the countrysideâwhile being in the city. Via a cup of coffee, a piece of cake or a songâŠ
Located on Calle de Barbieri 4 â a few blocks from Plaza Chueca â BucĂłlico reassures the soul with a feeling of home.
Follow Bucólico Café on Instagram.
đŹ Five things to discuss at dinner parties this week:
1. RIP SĂĄlvame, TVâs King of Trash
Last Friday is a day that will live in infamy after news broke that, following 14 years on the air, media company Mediaset was canceling afternoon trash TV show SĂĄlvame, a hot mess of a program that involved a host and an endless parade of panelists and commentators who regularly engaged in live bickering, gossiping about sex scandals, storming off the set and lots and lots (and LOTS) of crying.
It is hard to explain how relevant SĂĄlvame is to the post-2008 financial crisis pop culture. Not only did it help launch the infamous careers of many people who are famous for being famous, it also became every grandmotherâs must-see TV. (And on top of that, Spainâs largest meme factory.)
In its heyday, the show was on for up to five hours everyday. It was also the show that gave us BelĂ©n Esteban. âWho is BelĂ©n?â you ask. Well, known as "La princesa del pueblo" (The people's princess), she rose to fame after ending her relationship with popular torero JesulĂn de Ubrique and remains famous for making up memes like âHasta luego, Mari Carmenâ (look it up), busting on Joselin, having plastic surgery, and in general for being famous.
The decision to ax the show is not only based on its recent ratings drop, but also on the companyâs plan to rebrand the Telecinco network.
New Mediaset CEO Alessandro Salem wants Telecinco to change its reputation and go from home of trash TV to credible source of information and respectable journalism. The decision to move away from entertainment and focus more on political influence can be chalked up to a hope to better compete with other influential networks, like Antena 3.
Former Mediaset CEO Paolo Vasile is credited with creating this kind of television, but Salem is apparently not a friend of trash TV and is more into âelegant and family-friendlyâ content.
The news was not entirely unexpected. Back in February, and under new management, Mediaset unveiled a new ethics code that seemed to target SĂĄlvame specifically: it banned political discussions on entertainment shows; guests from storming off the set; and attacking other shows airing on the same network.
The last episode of SĂĄlvame will air on June 16 and will be replaced by morning show host and journalist Ana Rosa Quintana, who already leads the networkâs mornings with El Programa de Ana Rosa. While the format of her new show is unclear, sheâs said that she will keep her job in the morning show (with a morning and afternoon presence, she will become the undisputed queen of Telecinco).
For years, SĂĄlvame was the show no one watched yet somehow everyone knew what was happening in it. And yes, while it focused mostly on gossip, scandals and Hello! magazine stories, it was also political.
El PaĂs reports that the national government and progressive leaders are worried about the effects this change in programming could have, especially in an election year. SĂĄlvame host Jorge Javier VĂĄzquez was known for its progressive views (he once said on the show that SĂĄlvame was made of people who were âred and queer") and Quintana, who will now be replacing him, is critical of the current administration and represents âthe toughest media oppositionâ out there.
Everyone was commenting on the cancelation, from Esquerra Republicana MP Gabriel RufiĂĄn, who this week defended the show during a press conference in Parliament for its âmessages against fascism, racism and homophobiaâ, to Shakiraâs former husband Gerard PiquĂ©, who called it âindecentâŠitâs all lies.â
To bid adieu to this daily dose of guilty pleasure in style, let us just share with you what we believe is peak SĂĄlvame: their one-of-a-kind, Valentineâs Day flashmob from 2017 featuring its main cast singing âCanât take my eyes off youâ in the backlot of Mediaset. Itâs just like watching one of those carefully choreographed scenes from La La Land, except for the fact that itâs nothing like that. Enjoy.
2.đ„ Hot enough for you (Part 2)?





