Spanish Prime Minister Pedro Sánchez has unveiled new proposals to address the nation’s mounting housing crisis, focusing on restricting property purchases by non-EU residents. The plans include the imposition of a tax equal to the full value of the property for such purchases, alongside specialized regulations targeting the burgeoning sector of tourist apartments. More information about these measures can be found on JURIST.
The announcement continues a trajectory set by Spain’s ruling party to enhance social housing initiatives. Earlier efforts have seen increased funding directed toward social housing to curb rising rents, as detailed by the government’s own policy documentation. However, the situation remains dire with homelessness on the rise and the availability of social housing below EU averages, according to reports from around the country.
Additionally, the new reforms appear aligned with broader European and international standards, including Article 25 of the Universal Declaration of Human Rights and Article 31 of the European Social Charter, which both emphasize the importance of accessibility to adequate housing.
Recently, Spain had also taken action by banning the controversial “Golden Visa” program, which had allowed foreign investors to obtain citizenship, a move criticized for exacerbating real estate speculation. Details of this policy shift were confirmed during a government press conference.
These steps are designed to shift the property market towards fulfilling social needs over speculative gains and aim to create a more level playing field for local residents facing the high costs driven by international market forces.