{"id":12104,"date":"2024-11-26T12:28:22","date_gmt":"2024-11-26T11:28:22","guid":{"rendered":"https:\/\/www.in-diem.com\/abogados\/uncategorized\/the-end-of-the-golden-visa-in-spain-what-does-it-mean-for-foreign-investors-and-the-real-estate-market"},"modified":"2026-03-14T15:36:59","modified_gmt":"2026-03-14T14:36:59","slug":"the-end-of-the-golden-visa-in-spain-what-does-it-mean-for-foreign-investors-and-the-real-estate-market","status":"publish","type":"post","link":"https:\/\/www.in-diem.com\/en\/abogados\/immigration\/the-end-of-the-golden-visa-in-spain-what-does-it-mean-for-foreign-investors-and-the-real-estate-market","title":{"rendered":"The End of the Golden Visa in Spain: What Does It Mean for Foreign Investors and the Real Estate Market?"},"content":{"rendered":"\n<p>This year marks the end of an era for Spain&#8217;s foreign investment system. The Government has decided to eliminate the &#8220;Golden Visa,&#8221; a type of visa created to attract foreign investors by granting residence permits in exchange for significant investments in the country. But why is this decision being made, and how will it affect investors and the Spanish real estate market? Below, we analyze the details.   <\/p>\n\n<h4 class=\"wp-block-heading has-text-color\" style=\"color:#0029a4;font-style:normal;font-weight:400\"><strong><br\/>What Was the Golden Visa?<\/strong><\/h4>\n\n<p>The Golden Visa was established in 2013, during Mariano Rajoy&#8217;s administration, in response to the economic crisis affecting Spain at the time. Its main objective was to attract foreign capital to boost the real estate market and other areas of the economy. Requirements included:  <\/p>\n\n<ul class=\"wp-block-list\">\n<li>Minimum investment of \u20ac500,000 in real estate.<\/li>\n\n\n\n<li>Investment of 2 million euros in Spanish public debt.<\/li>\n\n\n\n<li>Investment of 1 million in shares or stakes in Spanish companies.<\/li>\n\n\n\n<li>Alternatively, one million euros in investment funds or bank deposits in Spain, or developing a business project in the country considered to be of general interest.<\/li>\n<\/ul>\n\n<p>Since its creation, the Golden Visa allowed more than 14,000 investors to obtain residence permits in Spain, with a strong concentration of transactions in cities such as Madrid, Barcelona, and Malaga.<\/p>\n\n<h4 class=\"wp-block-heading has-text-color\" style=\"color:#0029a4;font-style:normal;font-weight:400\"><strong>Why Is the Golden Visa Being Eliminated?<\/strong><\/h4>\n\n<p>The measure to eliminate the Golden Visa is included in a broader bill on judicial efficiency. This bill, approved today in the Congress of Deputies, contains more than 100 amendments in different areas, including reforms in gender laws and other judicial modifications. <\/p>\n\n<p>In terms of policy, the elimination of the Golden Visa follows a European trend seeking to restrict or tighten investment visas. Following the Russian invasion of Ukraine, several European Union countries began reviewing these visas due to concerns about security and the origin of funds used in investments. <\/p>\n\n<h4 class=\"wp-block-heading has-text-color\" style=\"color:#0029a4;font-style:normal;font-weight:400\"><strong><strong>When Does the New Law Come into Effect?<\/strong><\/strong><\/h4>\n\n<p>On November 14, the Congress <strong>approved the repeal of articles 63, 64, 65, 66, and 67<\/strong> of <a href=\"https:\/\/www.boe.es\/eli\/es\/l\/2013\/09\/27\/14\/con\">Law 14\/2013, of September 27<\/a>, on support for entrepreneurs and their internationalization, thereby eliminating this type of residency. Its implementation will take place within a period of between 20 days and 5 months. This interval, not yet precisely specified for Golden Visas, may allow investors who planned to avail themselves of this regulation to complete their procedures before the definitive repeal, expected, as we mentioned, by early 2025.<\/p>\n\n<h4 class=\"wp-block-heading has-text-color\" style=\"color:#0029a4;font-style:normal;font-weight:400\"><strong>Impact on the Spanish Real Estate Market <\/strong><\/h4>\n\n<p>One of the most discussed aspects of this measure is how it will affect the housing market in Spain. According to recent data, 9.7% of purchases made by foreigners in 2023 exceeded 500,000 euros, the minimum amount required to apply for the Golden Visa. However, real estate specialists point out that the impact of this measure on prices will be minimal, as the scarcity of supply in large cities like Madrid and Barcelona is the main problem limiting access to housing in Spain.  <\/p>\n\n<p>Even so, there could be a slight increase in international investors trying to complete their investments in the short term before the deadline. However, experts agree that this specific demand will not generate lasting effects on prices or property supply. <\/p>\n\n<h4 class=\"wp-block-heading has-text-color\" style=\"color:#0029a4;font-style:normal;font-weight:400\"><strong>A Shift in European Investment Strategy<\/strong><\/h4>\n\n<p>With this elimination, Spain aligns itself with other European nations seeking to control residence-by-investment visas. The trend to reduce or tighten these visas has gained strength in recent years, driven by factors such as national security and financial transparency. Countries like Portugal, Ireland, and Malta have adopted similar measures, especially in the context of the war in Ukraine and growing concerns about the origin of certain funds.  <\/p>\n\n<h4 class=\"wp-block-heading has-text-color\" style=\"color:#0029a4;font-style:normal;font-weight:400\"><strong>What Does the End of the Golden Visa Mean for Spain?<\/strong><\/h4>\n\n<p>The end of the Golden Visa in Spain represents a shift in strategy for attracting foreign investment, moving away from residence permits in exchange for capital. As the country continues to grow economically and seeks other avenues of sustainability, this measure reflects a European trend favoring more transparent and secure investment. <\/p>\n\n<p>Although it may seem like a significant change, specialists believe it will not significantly affect the real estate market in Spain. Instead, this adjustment may strengthen economic security and improve Spain&#8217;s perception in the global context, aligning with European regulations on transparency and financial control. <\/p>\n\n<h4 class=\"wp-block-heading has-text-color\" style=\"color:#0029a4;font-style:normal;font-weight:400\"><strong>At In Diem Abogados, we offer comprehensive advice in times of change<\/strong><\/h4>\n\n<p>At In Diem Abogados, we are aware of every legislative change to offer you the safest and most effective solutions. These types of reforms not only impact those looking to invest in real estate but also affect those who need to precisely plan their taxation, wealth management, and investments in Spain. Our team specializes in providing personalized advice to find the best legal alternative for living, investing, and working in the country.  <\/p>\n\n<h4 class=\"wp-block-heading has-text-color\" style=\"color:#0029a4;font-style:normal;font-weight:400\"><strong>Services related to taxation, wealth, and investments<\/strong><\/h4>\n\n<ul class=\"wp-block-list\">\n<li><strong>Taxation<\/strong>: We thoroughly analyze the tax implications that may arise for foreigners and residents in Spain, especially in a context of changes in investment residency laws. We will help you optimize your tax burden so that your investment decisions are profitable and secure. <\/li>\n\n\n\n<li><strong>Wealth Management<\/strong>: If you are an investor, we know that your wealth is essential. We offer comprehensive advice on the management and protection of assets in Spain, adapting to your needs and the current legal environment. <\/li>\n\n\n\n<li><strong>Investment Advisory<\/strong>: We evaluate with you investment options that may still be advantageous in the country, beyond residence permits, so that you can continue to develop your financial strategy in Spain securely and profitably.<\/li>\n<\/ul>\n\n<h4 class=\"wp-block-heading has-text-color\" style=\"color:#0029a4;font-style:normal;font-weight:400\"><strong>Contact us for a personalized consultation <\/strong><\/h4>\n\n<p>If you had investment or residency plans in Spain, this is the ideal time to review your legal and tax options with the support of experts. At In Diem Abogados, we provide a comprehensive and up-to-date approach so you can make informed decisions aligned with your objectives. <\/p>\n\n<p><strong>Do you have questions about how this measure might affect your situation?<\/strong> Contact us today and leverage our expertise to find the best alternative for living, investing, and working in Spain!<\/p>\n\n<h4 class=\"wp-block-heading has-text-color\" style=\"color:#0029a4;font-style:normal;font-weight:400\"><strong>How can we help you?<\/strong><\/h4>\n\n<p>At <strong>IN DIEM Abogados<\/strong>, we have the best experts in Immigration Law specializing in processing <strong>Spanish Nationality applications, Provisional NIE, or managing residence or work permits, among other services<\/strong>, ensuring direct and personalized attention at all times.<\/p>\n\n<p>Contact IN DIEM Abogados 24 hours a day, any day of the week, without obligation. You also have information &#8230;&#8230;<\/p>\n\n<p>We guarantee the best possible outcome, whatever your case.<\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong> <\/strong>Personalized and professional service<\/li>\n\n\n\n<li><strong> <\/strong>Assistance throughout the judicial or notarial process<\/li>\n\n\n\n<li><strong> <\/strong>24-hour contact with your expert criminal lawyer <\/li>\n\n\n\n<li><strong> <\/strong>Absolute confidentiality<\/li>\n<\/ul>\n\n<h4 class=\"wp-block-heading has-text-color\" style=\"color:#0029a4\"><strong>Expert lawyers in Immigration Law, nationality applications, procedures for obtaining provisional NIE, work and residence permits | In Diem: Malaga, Marbella, Seville, Madrid, Las Palmas de Gran Canaria, Almeria, Huelva&#8230;<\/strong><\/h4>\n\n<p><strong>IN DIEM Abogados<\/strong> has extensive experience and a high degree of specialization in the area of Immigration, ready to advise you on any matter related to <strong>the repeal of the Golden Visa or any type of immigration procedure<\/strong>&#8230; our goal is to advise you according to your needs and accompany you throughout the process. <\/p>\n\n<p><strong>IN DIEM Abogados<\/strong> has a team with experience in previous roles such as <strong>Judge, State Attorney, Public Prosecutor, or University Lecturer<\/strong>, which will provide you with peace of mind and confidence, as you will have the best team\u2014competitive and highly prepared\u2014to achieve your objectives and meet your needs.<\/p>\n\n<p>We are at your disposal for whatever you need. You can reach us through the IN DIEM Lawyers Telephone (+34) <strong>901 900 071.<\/strong> In cases of Emergency, you have us at the 24-Hour Emergency Lawyers Telephone IN DIEM: (+34) <strong>610 667 452.<\/strong> <\/p>\n\n<h4 class=\"wp-block-heading has-text-color\" style=\"color:#0029a4\"><strong>Did you know that IN DIEM Abogados offers an online service and an urgent service?<\/strong><\/h4>\n\n<p>We offer our clients the option of being assisted via video call or videoconference, as well as by telephone, according to our clients\u2019 preference, so that the assistance is as personal as possible, with absolute immediacy, without the need to travel. This service is complemented by communication via email, which facilitates the analysis and delivery of documentation. <\/p>\n\n<p>Likewise, we offer urgent and 24-hour services for our companies, handling national and international contracting operations.<\/p>\n\n<p class=\"has-text-color\" style=\"color:#0029a4\">For more information on the Online Legal Advisory Service<strong> <a href=\"https:\/\/www.in-diem.com\/en\/online-lawyers-in-diem\">HERE<\/a><\/strong>, the 24-hour and Urgent Service,<strong> <a href=\"https:\/\/www.in-diem.com\/en\/urgent-24-hour-lawyers-tel-610-667-452\">HERE<\/a><\/strong>, and some recognitions, we leave you this <a href=\"https:\/\/www.proveedores.com\/proveedores\/abogados-in-diem-asesoramiento-personal-y-online-especializado\/\"><strong>link<\/strong><\/a>.<\/p>\n<p><div class=\"gdlr-shortcode-wrapper\"><div class=\"clear\"><\/div><div class=\"gdlr-item gdlr-divider-item\"  ><div class=\"gdlr-divider solid\"  style=\"width: 50%;\" ><\/div><\/div><\/div><\/p>\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" data-id=\"5475\" src=\"https:\/\/www.in-diem.com\/wp-content\/uploads\/2020\/03\/Asesoramiento-ON-LINE-Abogados-IN-DIEM-Videoconferencia-Telefono-916353892-1024x576.jpg\" alt=\"\" class=\"wp-image-5475\" srcset=\"https:\/\/www.in-diem.com\/wp-content\/uploads\/2020\/03\/Asesoramiento-ON-LINE-Abogados-IN-DIEM-Videoconferencia-Telefono-916353892-1024x576.jpg 1024w, https:\/\/www.in-diem.com\/wp-content\/uploads\/2020\/03\/Asesoramiento-ON-LINE-Abogados-IN-DIEM-Videoconferencia-Telefono-916353892-600x338.jpg 600w, https:\/\/www.in-diem.com\/wp-content\/uploads\/2020\/03\/Asesoramiento-ON-LINE-Abogados-IN-DIEM-Videoconferencia-Telefono-916353892-300x169.jpg 300w, https:\/\/www.in-diem.com\/wp-content\/uploads\/2020\/03\/Asesoramiento-ON-LINE-Abogados-IN-DIEM-Videoconferencia-Telefono-916353892-768x432.jpg 768w, https:\/\/www.in-diem.com\/wp-content\/uploads\/2020\/03\/Asesoramiento-ON-LINE-Abogados-IN-DIEM-Videoconferencia-Telefono-916353892-1536x864.jpg 1536w, https:\/\/www.in-diem.com\/wp-content\/uploads\/2020\/03\/Asesoramiento-ON-LINE-Abogados-IN-DIEM-Videoconferencia-Telefono-916353892-100x56.jpg 100w, https:\/\/www.in-diem.com\/wp-content\/uploads\/2020\/03\/Asesoramiento-ON-LINE-Abogados-IN-DIEM-Videoconferencia-Telefono-916353892.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Online Legal Advice<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"465\" data-id=\"4350\" src=\"https:\/\/www.in-diem.com\/wp-content\/uploads\/2018\/09\/Abogado-24-horas-Urgente-IN-DIEM-Sevilla-Malaga-Huelva-Madrid-Las-Palmas-Dos-Hermanas-Mairena-Coria-de-Rio-2b-1024x465.jpg\" alt=\"24-hour Emergency Lawyer IN DIEM - Seville Malaga Huelva Madrid Las Palmas Dos Hermanas Mairena Coria de Rio\" class=\"wp-image-4350\" srcset=\"https:\/\/www.in-diem.com\/wp-content\/uploads\/2018\/09\/Abogado-24-horas-Urgente-IN-DIEM-Sevilla-Malaga-Huelva-Madrid-Las-Palmas-Dos-Hermanas-Mairena-Coria-de-Rio-2b-1024x465.jpg 1024w, https:\/\/www.in-diem.com\/wp-content\/uploads\/2018\/09\/Abogado-24-horas-Urgente-IN-DIEM-Sevilla-Malaga-Huelva-Madrid-Las-Palmas-Dos-Hermanas-Mairena-Coria-de-Rio-2b-600x273.jpg 600w, https:\/\/www.in-diem.com\/wp-content\/uploads\/2018\/09\/Abogado-24-horas-Urgente-IN-DIEM-Sevilla-Malaga-Huelva-Madrid-Las-Palmas-Dos-Hermanas-Mairena-Coria-de-Rio-2b-300x136.jpg 300w, https:\/\/www.in-diem.com\/wp-content\/uploads\/2018\/09\/Abogado-24-horas-Urgente-IN-DIEM-Sevilla-Malaga-Huelva-Madrid-Las-Palmas-Dos-Hermanas-Mairena-Coria-de-Rio-2b-768x349.jpg 768w, https:\/\/www.in-diem.com\/wp-content\/uploads\/2018\/09\/Abogado-24-horas-Urgente-IN-DIEM-Sevilla-Malaga-Huelva-Madrid-Las-Palmas-Dos-Hermanas-Mairena-Coria-de-Rio-2b-100x45.jpg 100w, https:\/\/www.in-diem.com\/wp-content\/uploads\/2018\/09\/Abogado-24-horas-Urgente-IN-DIEM-Sevilla-Malaga-Huelva-Madrid-Las-Palmas-Dos-Hermanas-Mairena-Coria-de-Rio-2b.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">24-hour and Urgent Legal Service <\/figcaption><\/figure>\n<\/figure>\n<\/div><\/div>\n<p><div class=\"gdlr-shortcode-wrapper\"><div class=\"clear\"><\/div><div class=\"gdlr-item gdlr-divider-item\"  ><div class=\"gdlr-divider solid\"  style=\"width: 50%;\" ><\/div><\/div><\/div><\/p>\n\n<h4 class=\"wp-block-heading has-text-color\" style=\"color:#0029a4\">Would you like to know more about IN DIEM Abogados? Here is this short introductory video&#8230; <\/h4>\n<p><iframe loading=\"lazy\" src=\"\/\/www.youtube.com\/embed\/wQFpoA1gOfQ?wmode=transparent\" width=\"620\" height=\"348\" ><\/iframe><\/p>\n<p><div class=\"gdlr-shortcode-wrapper\"><div class=\"clear\"><\/div><div class=\"gdlr-item gdlr-divider-item\"  ><div class=\"gdlr-divider solid\"  style=\"width: 50%;\" ><\/div><\/div><\/div><\/p>\n\n<p>You will find us in Seville, Madrid, Las Palmas de Gran Canaria, M\u00e1laga, Huelva, Punta Umbr\u00eda, Tomares, Coria del R\u00edo, Dos Hermanas, Mairena del Alcor, Estepona, Marbella, Mairena del Aljarafe&#8230; it will be a pleasure to serve you&#8230;!!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This year marks the end of an era for Spain&#8217;s foreign investment system. The Government has decided to eliminate the &#8220;Golden Visa,&#8221; a type of visa created to attract foreign investors by granting residence permits in exchange for significant investments in the country. But why is this decision being made, and how will it affect&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/www.in-diem.com\/en\/abogados\/immigration\/the-end-of-the-golden-visa-in-spain-what-does-it-mean-for-foreign-investors-and-the-real-estate-market\" class=\"excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":8,"featured_media":12105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1726],"tags":[],"class_list":["post-12104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-immigration"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Repeal of the Golden Visa for Foreign Investors<\/title>\n<meta name=\"description\" content=\"Lawyers specializing in Immigration Law. 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