Catalonia Bans Speculative Buying: Large Holders Will Not Be Able to Invest in 271 Municipalities with Capped Rents
The government of Salvador Illa and Jéssica Albiach's Comuns have agreed a reform of the urban planning law that redefines the rules of the game for investors and operators of Flexible Accommodation in Catalonia. With fines of up to 1.5 million euros and the figure of the large landlord reduced to five properties, the measure —which affects 90% of the Catalan population— introduces unprecedented restrictions in Spain for the accumulation of residential assets in high-demand areas.
