Will Spain’s ban on non-EU buyers solve its housing crisis?

Spanish Prime Minister Pedro Sánchez has proposed a new tax on non-EU property buyers as a measure to address Spain’s ongoing housing crisis. The government argues that foreign investment in real estate is driving up property prices, making housing increasingly unaffordable for local residents. However, critics question whether this tax will deter investment and harm Spain’s broader economy.

Partner Stephen Abletshauser joined Roundtable by TRT alongside experts in real estate and politics to discuss the potential consequences of this policy. Drawing on his expertise in international private wealth management, Steven analysed how the tax might influence foreign investors, Spain’s property market, and long-term economic stability. The discussion also touched on possible alternatives to address housing shortages without discouraging crucial investment.

Watch the full video interview here: VIDEO: Will Spain’s ban on non-EU buyers solve its housing crisis? | Roundtable by TRT