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Spain again spoke about the ban on the purchase of housing for foreigners

Spain again spoke about the ban on the purchase of housing for foreigners

The country plans to introduce restrictions on the purchase of real estate by foreigners due to rising rents and social tensions. At the same time, in April 2024, the issuance of “golden visas” was already stopped.

Raising rents and restricting sales can reduce speculation and make housing more affordable. Also, one of the positive points for the Spaniards is the possible increase in the fund of social housing. At the same time, a decrease in foreign investment may have a negative impact on the construction and tourism sectors. So, for example, in 2022, foreigners invested €6.35 billion in the Spanish economy.

The EU prohibits complete bans on the purchase of housing for citizens of member countries. But the nationalist party is in dire need of restrictions.

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