Where to Invest in Europe Now That Spain Is Ending Its Golden Visa Program: A Comprehensive Guide

With Spain officially ending its Golden Visa program on April 3, 2025, many investors are reevaluating their options for obtaining residency and citizenship in Europe. Fortunately, other countries continue to offer attractive programs for high-net-worth individuals seeking access to the European Union. In this guide, we explore the best options for investors, focusing on Greece, Hungary, Malta, Portugal, and Cyprus.
Hungary Abolishes Real Estate Option in Golden Visa Program

Hungary’s recent decision to terminate the real estate investment option from its Guest Investor Program (GIP), often referred to as the Golden Visa Program, marks another significant shift in Europe’s approach to investment migration. Effective before January 1, 2025, this move highlights ongoing concerns surrounding housing market pressures and the socioeconomic impact of investment-driven real estate acquisitions. As Hungary joins countries like Portugal in curbing property purchases as a pathway to residency, this development underscores a broader European trend toward reforming Citizenship by Investment (CBI) and Residency by Investment (RBI) programs to ensure sustainability and equity.