Spain Mulls Ban on Non-EU Resident Property Purchases
Spain’s Prime Minister Pedro Sánchez’s recent proposal to ban non-EU citizens from buying property in Spain has sparked a heated debate. The core of the proposal focuses on preventing speculation in the housing market, particularly by those who aren’t residents of the country. Sánchez argues that these purchases primarily serve to inflate property prices, making homeownership increasingly unattainable for Spanish citizens.
This isn’t simply about targeting individual foreign buyers, though. The underlying concern is the broader issue of affordability and the impact of investment on the housing market. Many believe that the current system heavily favors investors and wealthy individuals, often at the expense of ordinary citizens struggling to secure housing.… Continue reading
Matt Underwood 
John Q. Hosedrinker