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Spain announces significant changes to its Golden Visa program, raising minimum investment thresholds and introducing stricter due diligence requirements.
The Spanish government has announced comprehensive reforms to its popular Golden Visa program, effective January 1, 2025. These changes will significantly impact international real estate investors seeking Spanish residency through property investment.
Increased Investment Threshold: The minimum real estate investment requirement has been raised from €500,000 to €750,000 for most regions. However, investments in designated rural or economically disadvantaged areas may still qualify at the €500,000 level.
Enhanced Due Diligence: New applicants will face stricter background checks and must provide detailed documentation of fund sources. The processing time is expected to increase from 3-4 months to 6-8 months.
The new rules include regional variations:
Real estate experts predict these changes will temporarily slow international investment in Spain's prime property markets while potentially boosting interest in rural and emerging markets. The Costa del Sol and Balearic Islands are expected to see continued strong demand despite the higher thresholds.
Transition Period: Existing Golden Visa holders will not be affected by these changes. Applications submitted before December 31, 2024, will be processed under current regulations.
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