Keywords: HOUSING
The president of Catalonia, Salvador Illa, has unveiled a new initiative aimed at easing the financial burden on young residents seeking to purchase their first home. During the opening of the 5th Foro Catalunya conference, organized by elEconomista.es, Illa announced that the government will provide......
A staggering 150,000 residential properties have vanished from Spain’s long-term rental market since 2023, leaving many Spaniards struggling to find affordable housing. Experts suggest the controversial Housing Law, combined with landlords’ pursuit of higher profits and legal uncertainties,......
Thousands gathered in Barcelona and Mallorca on Sunday to voice their discontent with over-tourism and its impact on housing affordability and cultural identity. The demonstrations, organized under the SET alliance (Southern Europe against Overtourism), highlighted growing frustration in popular tourist......
In a turbulent economic climate, Egypt's rental market is facing a monumental shift as decades-old rent control policies near their end. Since 2021, the Egyptian pound has plummeted by 70% against the dollar, with inflation soaring to a staggering 40%. These conditions have rendered the rental market......
Real estate investment trusts (Socimis) are increasingly at the center of Spain's housing debate, especially as the government implements new tax measures aimed at addressing the worsening housing crisis. While many may not be familiar with Socimis, they play a significant role in the property market,......
Recent developments in Spain have sparked concern among potential foreign property buyers as the government advances plans to impose a staggering 100 percent tax on certain overseas home purchases. This proposal, aimed at addressing the nation’s escalating housing crisis, raises critical questions......
Spain amended its housing law two years ago to curb soaring property prices and rents. The reform aimed to regulate rent prices through a rent control index, increase taxes on landlords with vacant properties, and incentivize below-market rental rates. Since then, rental prices have risen by 24 percent......
Since The Local Spain reported the Spanish government’s intention to impose a 100 percent tax on property purchases by non-EU non-residents, questions have arisen regarding the specifics of this tax. This draft bill, introduced by the Socialist government of Pedro Sánchez, aims to address......
Recent developments in Spain reveal the government’s intensified focus on regulating foreign property purchases and shifting perceptions of house brands among Spanish consumers. Foreign property buyers from affluent Western nations are increasingly feeling the pressure from Spanish authorities.......
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