Image
The end of Golden Visas in Spain to have limited impact, experts say
The Council of Ministers approved removing golden visas for foreigners investing over €500,000 in housing, just one day after the President Pedro Sánchez, announced the decision. idealista/news speaks with Spain's main luxury real estate agents to see what they think. They believe that, although it is a blow for the sector, since it removes an appealing option in some cases, they expect limited damage, since most foreign investors do not invest in Spain to obtain a residence permit. Furthermore, only 0.1% and 0.5% of homes sold to foreigners from 2016 to 2023 received golden visas.
