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Last chance to obtain the Golden Visa

Last Chance to Obtain a Golden Visa in Spain: Everything You Need to Know in 2025

What is the Golden Visa and how long can you take advantage of its benefits?

The Golden Visa program in Spain, implemented in 2013, allows non-EU citizens to obtain residency in exchange for significant investments in the country, such as the purchase of homes worth at least 500,000 euros.

However, on January 3, 2025, Organic Law 1/2025 was published in the Official State Gazette (BOE), which eliminates this program. Although the measure will come into force on April 3, 2025, you can still take advantage of these next months to obtain the Golden Visa by acquiring a property on the Costa del Sol that meets the stipulated requirements.

Since its approval, the Golden Visa program in Spain has been a key driver in attracting foreign investment to the real estate sector. To date, more than 14,500 Golden Visas have been granted in connection with property investments, mainly benefiting nationals from countries such as the United States, the United Kingdom, Ukraine, China, Russia, Venezuela and Mexico. This program has particularly favored provinces such as Barcelona, Madrid, Malaga, Alicante, the Balearic Islands and Valencia, which account for 90% of the authorizations granted nationwide.

The impact of this program is evident in the real estate market. In 2023, the purchase of homes by foreigners experienced a significant increase, especially in the most sought-after regions. For example, in Marbella, purchases linked to the Golden Visa represented 7.1% of total transactions; in Barcelona, they reached 5.3%, and in some municipalities of the Balearic Islands, they exceeded 10%.

You have time to benefit from this program if you make your investment before that date. The purchase of a property on the Costa del Sol for a minimum value of 500.000 € not only guarantees you a legal residence, but it is also an investment in one of the most exclusive and demanded areas of the country. Do not miss this unique opportunity. Visit our website somosbios.es/properties to find the careful selection of properties that we recommend, or contact us directly to receive personalized advice.

 

Alternatives to obtain residency in Spain

With the elimination of the Golden Visa, foreign investors wishing to reside in Spain may consider other options, such as:

  • Residence for highly qualified professionals: Intended for people with skills and experience in specific sectors of interest to Spain.
  • Residency for international teleworkers: If you work remotely for a company outside Spain, you can opt for this visa, which allows you to reside in the country while you work.
  • Residence due to roots: Available for people who have lived in Spain for an extended period of time and have family or social ties in the country.

Each alternative has its own requirements, so it is essential to seek professional advice to identify the best option for your situation.

 

Take advantage of the last chance to get your Golden Visa!

You can still obtain all its benefits by acquiring a property of more than 500,000 euros before April 3, 2025. This way you will obtain the residence in a country full of opportunities and you will make a solid investment in one of the most exclusive areas of Europe.

Discover our selection of properties at somosbios.es/properties and contact us today. Our team will be happy to recommend the perfect property for you and guide you through the whole process. The time to act is now!

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