What it is
Bill would remove residency visa for buying property
Admitted step 2 of 7· LapsedIt is a members’ bill. Introduced by parliamentary groups, the Senate, regional governments or citizens. It was introduced on 14 May 2024. Introduced by: Grupo Parlamentario Plurinacional SUMAR.
Official title: Private member's bill amending Law 14/2013, of 27 September, on support for entrepreneurs and their internationalization.
Source: Congreso de los Diputados, file 122/000099· updated 11 Nov
Automatic summary, not yet reviewed
- The proposal removes the requirement to buy real estate in Spain for 500,000 euros or more to get an investor residency visa. The authors argue that these purchases drive up housing prices and make money laundering easier.
- Instead, the bill would grant the visa to those who invest 2 million euros in Spanish public debt, or 1 million in company shares or bank deposits, or who present a business project of general interest. That project must create jobs, have a significant socioeconomic impact, or contribute scientific or technological innovation.
- Every investment must respect the environment and must not drive up housing prices in the area where it is made. The autonomous communities could issue a binding report on this.
- The law would take effect the day after its publication in the official state gazette (Boletín Oficial del Estado).
Who it affects
- Non-resident foreigners who want to invest in Spain: Could apply for the investor residency visa if they invest in public debt, shares, bank deposits, or present a business project of general interest.
- People who bought housing to obtain residency: Would no longer be able to get the visa by buying property for 500,000 euros or more.
- Autonomous communities: Could issue a binding report on the investment's effect on local housing.
- Middle- and low-income people looking for housing: Would stop competing with high-income buyers who purchased above market price.
Words worth knowing
- Visado de residencia para inversores
- Investor residency visa: a permit allowing a foreigner to live in Spain because they invest a large amount of money in the country.
- Silencio administrativo
- Administrative silence: if the administration does not answer in time, the application is deemed approved.
- Informe vinculante
- Binding report: a report the administration must follow and cannot ignore.
- Paraíso fiscal
- Tax haven: a country or territory with very low taxes, often used to pay less tax.
It summarizes the text as it was introduced. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries
Where it stands
How far did it get?
It took 2 of 7 steps. It reached Admitted, and today it is lapsed.
- Introduced14 May 2024Someone registers the text in the Congreso.
- Admitted21 May 2024The Bureau of the Congreso accepts it and, for a members’ bill, the plenary decides whether to consider it.
- Amendmentsnot reachedGroups propose changes.
- Committeenot reachedA committee goes through the text in detail.
- Plenarynot reachedAll 350 deputies vote.
- Senatenot reachedThe Senate can pass it, amend it or veto it.
- BOEnot reachedIt is published in the Official State Gazette (BOE) and comes into force.
See the 6 official steps on a timeline
Was there a plenary vote?
We have no plenary vote linked to this law in the Congreso’s data.
What happens next
What happens now?
The legislature ended before it finished. To go on, someone would have to introduce it again in the new Cortes.
It has not been presented again yet.
Presented before in:
- XIV Legislature, Congreso de los Diputados· Withdrawn Private member's bill amending Law 14/2013, of 27 September, on support for entrepreneurs and their internationalization.
- XIV Legislature, Congreso de los Diputados· Lapsed Bill would replace the investor residence visa home purchase rule with a business project
Sources
Where does all this come from?
- Congreso de los Diputados, file 122/000099
Official title, type, author, dates and stage.
Retrieved 11 November 2026
- Congreso de los Diputados, procedure
The date of each step, with its official wording.
Retrieved 12 November 2026
- The data comes from the open files of the Congreso, the Senate and the BOE, unaltered.
- Each deputy’s province is the one of their seat on the day of the vote.
- We never say “passed” because of a vote: the files do not say which majority was needed.