Spain Passes 21 Housing Measures Including New Tax on Seasonal Rentals

Key Facts

1Spain passed 21 housing measures including taxing seasonal rentals to build a 10 billion euro fund for first-home loans.

The Spanish government passed 21 new housing measures including a tax on seasonal rentals to finance a 10 billion euro fund. Fortune reported that the initiative aims to provide loans of up to 50,000 euros for first-time home buyers alongside construction subsidies and extended eviction protections.

These policy shifts follow significant public protests in cities like Barcelona and Madrid over housing shortages and rising costs despite Spain's economic growth. The measures, which include regulating room rentals and prohibiting speculative real estate purchases, come ahead of snap elections scheduled for November 29.