From April 2025, Spain will no longer grant the Golden Visa for the purchase of high-value real estate. This now official measure puts an end to a policy that for more than a decade attracted thousands of non-EU investors willing to purchase luxury properties in Spain in exchange for legal residency.
The decision responds to the government’s objective of guaranteeing access to housing for the local population. However, for many experts in the sector, this legislative modification does not represent a step backwards, but rather an opportunity to redefine the profile of the international buyer: less oriented towards immediate residence, and more focused on strategic investment, lifestyle and long-term profitability.
What options do foreign investors have now?
Although the Golden Visa has come to an end, Spain continues to offer an attractive and competitive framework for those looking to acquire a second home or diversify their real estate assets.
Tax regimes such as the inpatriate tax regime, visas for digital nomads and entrepreneurs, and non-profit residencies continue to be available. In addition, the country’s inherent advantages – from its climate to its first-class health and education infrastructure – continue to position the Costa del Sol as one of the preferred destinations for discerning buyers.
Malaga, Marbella, Sotogrande: investment beyond visas.
In enclaves such as Sotogrande, Marbella and the capital of Malaga, the luxury real estate market remains dynamic. Exclusive villas, beachfront properties and residential projects with premium services continue to be highly sought-after assets by international families and funds.
The absence of the Golden Visa does not reduce the attractiveness of these areas. On the contrary, it puts the focus on a more informed buyer, with a wealth vision and a clear preference for quality, location and sustainability.
At Samsara Wealth, we continue to advise international investors and families who wish to establish themselves in Spain or expand their real estate portfolio in high-profile environments. If you are looking for a solid investment in the Mediterranean, this is still the best time.
