Spain officially ended its Golden Visa programme for non-EU nationals on April 3, 2025, after 12 years. Launched in 2013 to boost post-crisis investment, it offered residency in exchange for contributions—mainly real estate purchases. The decision follows growing concerns over housing affordability. Over 14,500 visas were issued, attracting around $10 billion. The move prioritizes housing access for locals and marks a shift in Spain’s investment residency policy.