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What’s going on:Â Â
Spanish residents in Barcelona’s Pablenou neighborhood have been complaining of rising rent prices due to an increase of digital nomads moving to the city, according to SchengenVisaInfo.com. Â
The recent surge in digital nomads arriving in Barcelona stems from Spain’s new Digital Nomad Visa, which the country began accepting applications for in February. Â Â
Why it matters:Â Â
Spain’s digital nomad visa is the country’s effort to draw in an influx of international talent by welcoming remote workers to the country. Non-EU citizens who are self-employed, or working for a non-Spanish firm overseas, can apply for the visa.  Â
To prove their ability to sustain themselves in Spain, applicants must demonstrate a monthly income of at least two times the recently increased monthly minimum wage of 1,260 euros ($1,340). That amounts to approximately $2,680 per month, or a yearly total of approximately $32,000, according to CNBC. Â Â
How it’ll impact the future:Â Â
Other European countries like Iceland, Latvia, Hungary, Greece, Malta, Croatia, and Estonia, have experienced an increase in international remote workers due to their own respective Digital Nomad Visas. Â Â
Complaints from local Spanish residents may affect future visa policies in Spain and other European countries as they study and adjust their own digital nomad policies.
