GOODBYE TO THE 'GOLDEN VISA' IN SPAIN FOR PROPERTY PURCHASES: THE PERMIT ALREADY HAD AN EXPIRATION DATE
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✍️ Spain has abolished the golden visa program, which granted residency permits to foreign nationals who invested at least €500,000 in Spanish real estate, as of April 3rd.
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👉 Spain has abolished the golden visa program, effective April 3rd
👉 The program was introduced in 2014 to attract foreign investment and promote economic growth
👉 The program allowed foreign nationals to obtain residency permits in Spain by investing at least €500,000 in real estate
👉 The current government has cited concerns that the program is contributing to the tension in the housing market in certain areas of Spain
👉 The measure is expected to benefit those who have been struggling to access housing in these areas
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#IsabelRodríguez #Spain #Barcelona #Madrid #Málaga #Alicante #Baleares #Girona #Valencia #politics
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quotingLa Nacion (nprofile…8w9t)
nevent1q…p459
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93% have concentrated in Barcelona, Madrid, Málaga, Alicante, Balearic Islands, Girona and Valencia, but from this month onwards, the concession of residence permits for foreigners through the purchase of real estate has been definitively eliminated.
https://www.lanacion.com.ar/propiedades/casas-y-departamentos/adios-a-la-golden-visa-en-espana-por-la-compra-de-propiedades-el-permiso-ya-tuvo-fecha-final-nid07042025/