Over 33,200 Foreigners Secure Spanish Residency via Golden Visa Program
Over 33,200 Foreigners Hold Spanish Residency Through Golden Visa Program
According to the Spanish Ministry of Foreign Affairs, 33,237 foreigners currently hold residency in Spain under the Golden Visa Program.
Majority of Residency Permits Issued via Real Estate Investments
- Of the total residency permits, 12,723 permits were granted to investors through real estate (12,091) and business investments.
- Approximately 5,300 investors are from non-EU countries, predominantly the United Kingdom.
- Other key investor demographics include:
- 4,082 Asian investors, primarily from China.
- 1,377 from North America.
- 1,052 from Central America.
- 821 from Africa.
The Ministry clarified that these figures represent investors with valid permits and do not include family members.
Real Estate Investment Option Abolished in 2024
Previously, the program’s most sought-after pathway allowed wealthy foreigners to obtain residency by purchasing real estate worth €500,000.
However, in April 2024, Spanish authorities, led by Prime Minister Pedro Sanchez, abolished this option to address the nation’s housing crisis. Sanchez emphasized that housing should be a fundamental right, not a speculative business.
Economic Impact of the Golden Visa Program
Spain’s Golden Visa Program remains one of the most popular in Europe, significantly contributing to the country’s economy despite recent changes.
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