The Spanish golden visa program attracted €2.16 billion in its first three years.

Real estate investors in the La Zagaleta estate in Marbella, in southern Spain. Chinese and Russian millionaires account for 59.4% of the total investment volume made in Spain through this program. Since its launch in September 2013, 714 Chinese individuals have been granted golden visas after investing 716 million euros in real estate, financial assets, and business projects. Among them, 685 Russian citizens have received visas, investing a total of 567 million euros.

The issuance of so-called golden visas has become widespread over the past two decades in the European Union, particularly in Portugal, Ireland, the United Kingdom, France, and Germany.

According to the latest data, the number of investors has increased fourfold since 2014, and the total amount of their investments has tripled during the same period. Almost half of the acquired properties - 893 - were purchased in Barcelona, followed by the province of Malaga with 348, Madrid with 306, and Alicante with 151.

The secondary housing market in Spain has revived again after foreign buyers breathed new life into it. In 2016, they accounted for 13.7% of all purchases; in coastal areas like Alicante, foreigners bought half of all properties. The British, who traditionally make up a significant portion of buyers, left the market after Brexit and the subsequent decline in the value of the pound.

So far, everything indicates that the demand for real estate from foreign buyers in Spain will continue to grow steadily.