Will property prices in Nerja fall when the Golden Visa is eliminated in Spain??

I am looking to buy a house in Nerja. But the prices are really abusive in Nerja. Do you know if the price of housing can decrease in the coming years? Is it better to buy directly from the owner or an agent in the area?

The elimination of the Golden Visa could have an impact on the housing market on the Spanish coast, as many foreigners, especially from countries outside the European Union, have used this program to obtain residency in Spain in exchange for the purchase of a property with a minimum value.

If the Golden Visa is removed, demand for housing from foreign buyers is likely to decrease, which could lead to a reduction in property prices in these areas. This could benefit local buyers looking to purchase a home on the Spanish coast, as they could find more affordable prices.

On the other hand, the elimination of the Golden Visa could also have consequences for the real estate sector and the economy in general, since foreign investment in property has been an important source of income in Spain. If the elimination of this program results in a significant decrease in foreign investment, it could negatively affect the real estate market and the economy in general.

In summary, the elimination of the Golden Visa could have an impact on the housing market on the Spanish coast, both in terms of prices and demand dynamics. It is important to consider these potential consequences before making a decision about the future of this program.