They also have to remove that "golden visa" in Spain due to the same problem. I wonder if Italy, Greece, and Malta will also remove/reform their law due to the same problem...
Found this article that indicates Golden Visas account for 14,500 of approximately 600,000 home sales per year in Spain. [0]
[0] https://www.idealista.com/en/news/luxury-real-estate-in-spai...