Spain The “Golden Visa” program is officially ending on April 3, 2025, confirmed by the government’s government. January Decree.
Formally, they are known as residential investment schemes, called Gold visas Giving legal residence rights to foreign citizens who make an investment in the reception country. Depending on the country, this investment can be a real estate purchase, philanthropic donation, one single payment or other money contribution.
Visa-they all also give the ability to travel free during Europe- Schengen area– They are becoming more and more popular Americans who want to go abroad. However, programs offered for real estate purchases have been politically controversial in recent years because they are rising homes costs.
Spanish gold visa, officially name Investor visaIt allows citizens outside the EU investing in the real estate (541.250 $) to live and work in the country for three years. Average Visa request must be processed between three and six months by global investment migration company In the astones.
“Today, 94 Visitors are linked to 94 real estate … to find a decent home in major market and almost impossible for those who live, work and pay for taxes in Spain 2024. In April Reuters.
It is up to these forward organizations, the latter.
Between 2013 and 2023, Spain gave a total of 14,576 gold visa, most of China, Russia, the United States, Ukraine, Iran, Venezuela and Mexico, reported by a government. Press release. In BarcelonaShopping for homes associated with gold visits accounted for 5.3% of the city’s annual residential sales.
“The decision to ask for time in the Spanish Gold Visa Program has largely been due to the growth of the housing market being seen in the housing market,” Alena Lesina, Expert in Real Estate Investments. In the astonesIt tells Traveler in a statement sent by email. “In cities, for example, the Spanish citizen who is forced to outside the neighborhood has risen Madrid And as a result of the inflation of the Barcelona Housing market and the Spanish government believes that the Non-Resident Housing Buyers are one of the agents of this issue. “
After the decision to end Spain, the interest of Americans has increased due to Spanish and Greek gold visas, according to an Analysis of Astones.
Since the Spanish Government announced that he would end his gold visa scheme in April 2024, the number of Americans applied. Greek gold visa It has been constantly growing from 302 to 383 months from November 2024th (last month available), Government data Shows.
“As Spain announces the end of his Gold Visa, the clock is moving forward and the US citizens are looking for a destination of B Plan in Europe,” says Lesin. “However, it is clear that Americans are already diverting attention Greece What is becoming the most demanded gold visa destination in Europe. “
For more information on different ways to move Americans abroad, look at our guides Nomada Digital visadu The easiest countries to get second passportsand How to get citizenship through ancestors.
