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Spain’s population inches closer to 49 million with 900 new residents a day

Amid falling birth rates and an ageing society, foreigners are pushing the Spanish population to record highs.

population spain 2024
A recent study by the Bank of Spain estimates that the country will need up to 25 million more immigrant workers by 2053. (Photo by OSCAR DEL POZO / AFP)

The Spanish population increased by almost 1000 people per day to start off the year, spurred almost entirely by the arrival of migrants.

Spain’s population increased by 82,346 people during the first quarter of 2024, a rate of a little over 900 per day on average, meaning that the total population reached 48,692,804 on April 1st, the highest figure in history.

This is according to population data recently released by Spain’s National Statistics Institute (INE).

In annual terms, the total estimated population growth was 459,615 people in the last year, 0.95 percent overall, a slight slowdown after six consecutive quarters with inter-annual rates above 1 percent.

READ ALSO: Older and more diverse: What Spain’s population will be like in 50 years

These figures confirm the pre-existing trend that without the influx of immigrants, Spain’s population would be decreasing. This is largely due to the combination of an ageing population and declining birth rates. By 2035, around one in four (26.0 percent) of Spaniards are expected to be 65 or older. That figure is currently just 20.1 percent of the total population, and by 2050 it could rise to 30.4 percent.

This is compounded by the fact that fertility rate figures have all but flatlined in Spain. In 2023 Spain registered just 322,075 births, reflecting “a 2.0 percent fall on the previous year”, an INE statement said, with a spokesman confirming it was the lowest figure since records began in 1941.

Spain’s fertility rate is the second lowest in the European Union, with the latest figures from Eurostat showing there were 1.19 births per woman in 2021, compared with 1.13 in Malta and 1.25 in Italy.

A recent study by the Bank of Spain estimates that the country will need up to 25 million more immigrant workers by 2053 in order to combat demographic ageing and maintain the ratio of workers to pensioners in order to support the pension system.

READ ALSO:

During the first quarter of the year, the native Spanish population actually decreased by 3,338 while the foreign population increased by 85,684 people.

8,915,831 people, or 18.31 percent of the total population in Spain, were born in other countries.

The main nationalities of immigrants arriving in Spain were Colombian (39,200), Moroccan (26,000) and Venezuelan (22,600). In contrast, of those who left Spain in the first three months of the year, 10,000 were Spanish, 9,900 Moroccan and 8,000 Romanian.

On a regional level, in this period the population grew in 12 regions, as well as in the autonomous city of Melilla, and decreased in five regions and Ceuta.

The largest increases were in Madrid (+0.44 percent), Melilla (+0.40) and the Valencian Community (+0.36), while the population decreased in Aragón (-0.19 percent), Extremadura (-0.12), Castilla y León (-0.06 percent), Asturias (-0.05 percent), Cantabria (-0.03 percent) and Ceuta (0.02 percent).

With regards to year-on-year increases, population increased the most in the Valencian Community (+1.79 percent), Madrid (+1.72) and the Balearic Islands (+1.62) and only decreased in Extremadura, by 0.13 percent.

READ ALSO: Nearly half of Barcelona’s residents aged 20 to 39 are foreign

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VISAS

Spain’s soon-to-end golden visa: Can I still apply and what if I have it already?

Last April, Spain's government said it intends to axe its property-based golden visa scheme, but is it too late still apply, how long does it take and what happens if you have the visa already? The Local spoke to an immigration lawyer to find out.

Spain's soon-to-end golden visa: Can I still apply and what if I have it already?

The golden visa programme, also known as the visado de residencia para inversores in Spanish, grants non-EU nationals residency in Spain when they buy a property in Spain worth €500,000. 

It can also be obtained by investing €1 million in shares in Spanish companies, or €2 million in government bonds, or having transferred €1 million to a Spanish bank account. 

In early April, Prime Minister Pedro Sánchez announced he was axing the property-based golden visa, although there’s no new law in place yet.

READ MORE: What the end of Spain’s golden visa means for foreigners

More recently the government’s junior coalition party Sumar had said that they have now filed an official bill in the hope they can scrap it as soon as possible.

Sumar spokesperson Íñigo Errejón told journalists that the visas are a privilege that must be scrapped “immediately” because they have an inflationary effect on the housing market.

All of this means that those still interested in still getting the visa are confused. They don’t know when the scheme will end, if they still have time to send in applications and what will happen to those who are already in the process of applying.

In order to help answer some of these pressing questions, The Local Spain contacted María Luisa De Castro from CostaLuz Lawyers in to find out more. 

Q: When will the Golden Visa scheme officially end?

A: “The exact date for the official end of the Golden Visa scheme has not been fully detailed yet. Initially, changes would be implemented in the near future, potentially within the next few months. Some optimists believe it might be a bluff by the government and that it may not be implemented after all.”

READ MORE: When will Spain’s golden visa scheme officially end?

Q: Has the process of applying changed?

A: “As of now, the process remains unchanged, so it’s exactly the same as before.”

Q: Can people still apply for now?

A: “Applications are still being accepted. However, given the recent announcement, it is advisable for prospective applicants to act swiftly.”

Q: What will happen if I’m in the middle of the application process?

A: “For those currently in the middle of the application process, their applications will still be processed under the existing rules. Once the new regulations come into effect, it will very likely come with some transitional provisions to handle ongoing applications.”

Q: What about those who want to invest instead of buy a property?

A: “The visa remains available for other investment options such as investments in companies, public debt, etc.”

Q: What if I already have the golden visa through property investment, will I be able to renew it in the future?

A: “Our opinion (and that is what we will defend) is that renewal rights are acquired when the visa is granted and therefore cannot be subsequently reduced, as this would constitute a retroactive limitation of individual rights. The Spanish Constitution prohibits retroactive application of laws that are not favourable or that restrict individual rights once they have been acquired.”

Q: How quickly can I get the golden visa?

A: This depends on where you apply from. According to the CostaLuz Lawyers, if you’re applying outside the countryYou should apply at least 90 days before you plan to travel to Spain”. If you’re inside Spain, you can apply through the Unidad de Grandes Empresas. This could take anywhere between 20 and 60 days.

CostaLuz Lawyers argue that it’s not necessary to wait until the property purchase has gone through, that you can apply with your initial contract or a statement from your bank in Spain, certifying that you have deposited at least €500,000.

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