فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
Spanish authorities have announced their decision to abolish the Golden Visa program as of April 3, 2025. This program granted residency to foreign investors who invested significant amounts in Spanish real estate, and many Moroccan investors have benefited from it over the past years.
This decision comes as part of the Spanish government’s efforts to curb real estate speculation and address the housing crisis facing some major Spanish cities.
The Golden Visa:
The Golden Visa is a residency program launched by Spain in 2013 to attract foreign investment. It granted foreign investors the right to reside in Spain in exchange for investing at least 500,000 euros in Spanish real estate.
The program witnessed significant interest from foreign investors, including Moroccans, who saw it as an opportunity to obtain residency in Spain and benefit from its economic and social advantages.
Reasons for Abolition:
- Housing Crisis: Some major Spanish cities suffer from a severe housing crisis, and some have accused the Golden Visa program of exacerbating this crisis by driving up real estate prices.
- Combating Speculation: The Spanish government aims to curb real estate speculation and ensure the availability of affordable housing for Spanish citizens by abolishing the program.
Impact of the Decision:
This decision is expected to affect the flow of foreign investment into Spain, especially from countries that heavily relied on the Golden Visa program. It may also lead to changes in the Spanish real estate market.
Reactions:
Reactions to the Spanish government’s decision to abolish the Golden Visa have varied. Some welcomed the decision as a necessary step to address the housing crisis, while others criticized it as harming the Spanish economy and reducing Spain’s attractiveness to foreign investment.
