Golden Visa in Spain

The Golden Visa in Spain has for many years been one of the most popular pathways for foreign investors to obtain legal residence through real estate investment. However, the legal framework has recently changed, raising many questions and uncertainties.

In this guide, we explain in a clear, simple and up-to-date way what has happened to the Golden Visa, what these changes mean in practice and which legal alternatives are still available today in Spain.

What is the Golden Visa in Spain?

The Golden Visa is a residence permit created to attract foreign investment to Spain. It allowed non-EU citizens to obtain legal residence through a significant investment, most commonly the purchase of one or more properties with a minimum value of €500,000.

Latest update: Spain removes the Golden Visa through real estate investment

The most recent legislative update confirms that Spain has eliminated the possibility of obtaining the Golden Visa through the purchase of real estate. This decision aims to reduce pressure on the residential property market and limit speculative activity in high-demand areas.

What happens to already granted Golden Visas?

Golden Visas granted before the legislative change are not revoked retroactively. Holders retain their acquired rights, although renewal processes must be reviewed on a case-by-case basis in accordance with the current regulations.

Impact on the real estate market

Beyond this regulatory change, Spain’s luxury real estate market continues to attract strong international demand. Many buyers are not seeking residence alone, but rather legal certainty, quality of life and long-term wealth diversification.

Legal alternatives to the Golden Visa in Spain

• Non-lucrative residence: a popular option for retirees and individuals with passive income
• Digital nomad visa: designed for professionals working remotely
• Entrepreneur visa: aimed at viable and innovative business projects
• Real estate investment without residence: buying property in Spain remains fully legal

Is real estate investment in Spain still profitable?

Yes. From a purely real estate perspective, Spain remains one of the most attractive markets in Europe, particularly in prime locations such as the Costa Blanca, Costa del Sol, Ibiza and major cities like Madrid.

Frequently asked questions about the Golden Visa

Can I obtain residence in Spain by buying a property?

At present, purchasing a property no longer grants automatic residence. Other legal pathways are available and should be analysed based on each investor’s profile and personal circumstances.

Can I buy property in Spain without being a resident?

Yes. It is not necessary to be a resident to purchase property in Spain, provided that the legal limits for stay as a tourist are respected.