💨 Abstract

Spain is facing a housing affordability crisis due to a shortage of homes, not foreign buyers. The government has proposed taxes and a potential ban on property purchases by non-EU nationals who are not residents, but experts suggest these measures may not address the root issue. The key to resolving the crisis lies in boosting construction, which has been sluggish since the 2008 financial crisis.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖