Spain’s scheme attracting British expats is coming to an end in a matter of weeks, and experts warn the knock on effect could be costly to tourists. The Golden Visa program will be scrapped on April 3, which allows non-EU residents to obtain residency more easily through property investment. 

Expats were able to buy properties in Spain, bypassing other measures to gain a visa. Marketing director at William Russell, William Cooper, explained how people who moved to the country under the scheme may now sell their properties, driving up tourist accommodation costs due to fewer options being available. "Many who moved to Spain under this scheme may consider selling their properties, which could lead to a slowdown in property sales, especially to UK buyers in popular expat hotspots," he told GB News.