Applications for Spanish Golden Visas must be submitted before 3 April 2025, after the Spanish government brings an end to the scheme. This gives three months for people to purchase a property, as the required minimum investment for the visa is €500,000.

It was announced in April last year that the scheme would end, though the timeframe was not revealed until now. Applications that have been submitted but not approved will continue to be processed.

Sean Woolley, managing director of Cloud Nine Spain, reportedly said: “It’s important to note, for anyone investing in property to get the Golden Visa before the application deadline, that you need to move quickly to choose and purchase the property. The purchase must be finalised before the Golden Visa application can be submitted, and you will typically need 6-8 weeks from choosing the property and making an offer to completing on the sale. This means that you need to aim to find the property and put an offer in this month.

“This news is certainly encouraging anyone who has been considering this visa to get moving and accelerate their search. Since the announcement we’ve been inundated with fresh enquiries with budget levels between €500,000 and €1m, which would qualify for the Golden Visa.”