Spain ends the Golden Visa: What does it mean for Real Estate investors?
The End of a Key Program for Foreign Investors
Spain has officially announced the termination of its “Golden Visa” program, which allowed non-EU nationals to gain residency by investing at least €500,000 in real estate.
This decision, driven by concerns over housing market inflation and accessibility, marks a significant shift in Spain’s approach to foreign investment.
Impact on the Real Estate Market
- Long-term outlook: A potential stabilization of property prices and a shift towards buyers focused on lifestyle or long-term investments.
- Short-term effects: Reduced demand for luxury properties from investors seeking residency.
Alternatives for Foreign Investors
While the Golden Visa is ending, Spain still offers other residency options, such as non-lucrative visas or entrepreneur visas. These alternatives can cater to individuals looking to enjoy Spain’s quality of life or establish businesses in the country.
