In April 2025, Spain eliminated the Golden Visa for home purchase, which since 2013 allowed non-EU citizens to obtain residence with a minimum investment of €500,000. The measure only affects new real estate applications and does not modify other avenues of residence for business investment, qualified talent or entrepreneurship.
The impact on the market is limited, since it represented a very small percentage of purchases and sales. In fact, before the elimination, demand skyrocketed: U.S. citizens increased their requests by 200% in the first quarter of 2025 to secure the visa.
The segment Prime, characterized by its high quality, strategic location and heritage value, maintains its strength thanks to the constant demand, legal security and quality of life offered by Madrid, which continues to be a key destination for international investors.
Madrid: a magnet that goes beyond a visa
The attractiveness of Madrid for real estate investment It does not depend on migratory incentives.
Its differentiating factors are still intact:
- Competitive profitability in the prime segment.
- Legal security and strong regulatory framework.
- Quality of life and international projection of the city.
- Advanced infrastructure and global connectivity.
These elements, combined with the limited supply in exclusive locations, consolidate Madrid as one of the safest and most desired markets for preserving and growing capital.
Other avenues for international profiles
Although the Golden Visa for the purchase of a home is no longer granted, Spain maintains options such as:
- Residence by business investment or job creation.
- Visas for technological talent or highly qualified professionals.
- Programs for digital nomads and entrepreneurs.
This allows international profiles to remain linked to the Spanish market and to participate in strategic projects. The end of the Golden Visa real estate does not mean the end of foreign investment in prime housing. On the contrary: the value of this market is sustained by its structural strength, its capacity for revaluation and its role as a safe haven in the European context.
In Sophia Properties, we understand that strategic investment decisions require long-term vision and assets that maintain their value regardless of regulatory changes. Our approach, focused on prime properties in Madrid and managed with the strictest criteria, allows us to offer our investors security, profitability and access to exclusive opportunities in one of the most competitive and stable markets in Europe.
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