Published by IBIZA ROYAL AGENCY | Updated April 2025
Spain’s Golden Visa has long been a preferred pathway for foreign investors seeking residency in the European Union. However, the changes implemented in 2025 have significantly reshaped the landscape. If you’re considering investing in Spanish real estate to access this visa, here’s everything you need to know.
What is the Golden Visa?
The Golden Visa, or investor residence permit, is a special residency granted to non-EU citizens in exchange for a substantial investment, typically in real estate.
Since its launch in 2013, it has attracted thousands of investors from countries such as China, Russia, the U.S., and the Gulf States, drawn by tax advantages, quality of life, and access to the European market.
Main Requirements Until 2024
Until the end of 2024, the main requirements for obtaining a Golden Visa were:
• A minimum investment of €500,000 in real estate.
• Maintaining the investment for at least 5 years.
• No previous illegal stay in Spain.
• Proof of financial means and private health insurance.
All of this changed with the 2025 reform.
Golden Visa Changes in 2025
In March 2025, the Spanish government announced a comprehensive reform of the Golden Visa program, aimed at curbing real estate speculation and promoting other productive investments. The most relevant changes include:
- Elimination of the Real Estate Option
From July 2025, it will no longer be possible to obtain a Golden Visa through property purchases. This measure seeks to ease housing market pressure, particularly in cities like Madrid, Barcelona, and tourist areas like the Costa del Sol. - New Investment Options
To qualify, investors must now place their funds in:
• Spanish companies (minimum €1 million).
• Government bonds (minimum €2 million).
• Projects of general interest approved by the government (technology, renewable energy, R&D, etc.). - More Flexible Residency, Stricter Oversight
Although permanent residence is still not required, authorities will carry out stricter controls on the origin of funds and the impact of the investment.
What if You Already Have a Golden Visa from Real Estate?
If you obtained your visa before the reform, you may renew it as long as you continue to meet the original conditions. The changes are not retroactive.
However, it’s recommended to consult with a legal advisor and keep thorough records of your investment, as evaluations will be more rigorous.
What Are the Alternatives for Real Estate Investors?
Though the Golden Visa will no longer apply to housing investments, Spain remains an attractive market:
• High yields from both vacation and long-term rentals.
• Legal and economic stability.
• Strong demand from foreign residents.
Other residency options still exist, such as the non-lucrative visa or the digital nomad visa.
How Can IBIZA ROYAL AGENCY Help You?
At [Your Real Estate Company], we stay up-to-date with legislative changes and have a team of international investment, legal, and tax experts. We provide personalized, transparent advice to help you make the best real estate decisions in Spain.
Looking for opportunities in Ibiza?
Contact us today and start planning your future in Spain!
Conclusion
The 2025 Golden Visa reform marks a paradigm shift for foreign investors. While residency through property purchase is no longer possible, new opportunities arise in strategic sectors.
Being well-informed and receiving expert advice will be essential in this new stage.
