Home » What has been the impact of the war in Ukraine on Spain, and does it justify government intervention in the housing market?

What has been the impact of the war in Ukraine on Spain, and does it justify government intervention in the housing market?

Impact of war in Ukraine on Spain
Photo by KCSA, Oleksii Samsonov, CC by 4.0 (link)

In this video I look at the impact of war in Ukraine on Spain because the government has used it to justify meddling in the Spanish housing market with interventions that are far from trivial. The war’s impact on Spain is also a subject I haven’t seen discussed much to date, so I was interested to see what a bit of research would unearth.

Using the war and its fall-out as grounds for intervention in the Spanish housing market to “protect vulnerable groups,” the Spanish government has introduced or extended measures that favour sitting tenants and squatters at the expense of landlords and property owners.

I look at various economic indicators like GDP, inflation, and unemployment to see how the Spanish economy has performed since Putin invaded Ukraine back in late February last year, and then explain how the government has intervened in the Spanish housing market using the war and its fall-out as a justification. How bad has the fallout been for Spain, and does it justify the interventions? If not, and given that you should never take at face-value anything politicians say, I suggest some other reasons the government might have to take advantage of the war in Ukraine to pursue its broader agenda.

7 thoughts on “What has been the impact of the war in Ukraine on Spain, and does it justify government intervention in the housing market?

  • Agreed, since the covid lockdowns I will never take at face value what the politicians are saying in fact all I do now is either look at the opposite or ask what is the real reason for this. Could it be a land grab?

    • Mark Stücklin says:

      Maria, they are chipping away at property rights but it’s not a full-blown land-grab, at least not yet!

  • Charlie Lemmer says:

    Having just watched Russell Brands video on how Black Rock is buying up swathes of property and pushing everyone into an expensive rental market, I can’t help thinking there is some other agenda here for sure. Sounds a little like the World Economic Forum strategy… ‘you shall own nothing’.

  • Charlie Lemmer says:

    The video was extremely useful thank you… can I ask what the significance of the 30th June is ? Is it merely 6 months from the last meeting where they decreed the measures or is there another significance ?

    • Mark Stücklin says:

      Charlie, I don’t think there is any other significance. The way it works is they introduce these “temporary” measures for six months and then keep renewing them.

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