
Spain
Eurozone stability with lifestyle appeal; Golden Visa abolished Apr 2025
Currency Risk
EUR
The currency-risk and short-term-rental components of the CASABROVA Score are our editorial judgement, not measurements from source data. Assessment as of .
✅ Strengths
- ▸Largest EU real estate market; strong appreciation 2022–2025
- ▸Costa del Sol viable: Marbella, Estepona, Costa Blanca
- ▸Vibrant expat communities with proven rental demand
⚠ Risks
- ▸Golden Visa RE route suspended April 2025
- ▸79.6% of building stock below EPC D — worst in active markets
- ▸Stressed zones: 140+ Catalan municipalities with IRAV rent caps
CASABROVA Verdict
Stick to Marbella, Estepona, Costa Blanca new builds with EPC B/C ratings.
Profile context: Belgian Investor. The displayed treaty, tax and score data are selected for this profile.
Belgian: Profile adjusted score 66.3 (rank #14).
Recommended Strategy
New builds only (EPC B/C). Avoid Barcelona. Canary Islands and Balearics for STR.
Based on CASABROVA Waves 1–8, current to July 1, 2026. Not financial or legal advice.
Spain Golden Visa abolished April 3, 2025
Ley Orgánica 1/2025 — no passive investment visa
BOE-A-2025-76