In this episode of ‘La Piedra’ Sean and Mark talk politics as Spain heads towards a General Election after a recent Housing Law failed to woo voters in local and regional elections. As housing gets more political with rising costs, to what extent do or should foreign investors know or care about the political risk when buying a home in Spain.
Like everywhere in the world where property is getting expensive and unaffordable for many locals, leading to rising disaffection amongst an important segment of voters, politicians are interfering in the housing market to try and woo voters by increasing increasing taxes and regulations on ownership. This is particularly relevant today in Spain with a General Election around the corner after an interventionist Housing Law failed to woo voters in local and regional elections. So how big is the political risk of buying property in Spain, and do foreign buyers take it into consideration? Watch to find out.