Property Crisis In Spain Leads To Short-Term Rental Restrictions


“Kathleen, the Spanish have two options for helping themselves out of their real estate crisis.

“They can put a wealth tax on the 400,000 Brits who own property there currently. Or they can ‘Cyprus’ expat bank accounts in Spain.

“Until the insolvent banking industry is allowed to go into bankruptcy there will be continued instability in Euroland.”

–Jeff Z., United States


“Kathleen, I’m an entrepreneur from Madrid. Some comments for your correspondent Vivian Lewis.

“What you say is almost true for the normal real estate market in Spain, not for the luxury market, nor for the vacation housing market on the coast. Just beware. The government is passing a law to prosecute individuals who rent units for weeks, so it will be harder to get cash from these units and maybe this will drop prices more.”

–Rogelio T., Spain

Continue Reading: Retire To Ireland



French Course Online

About Author

Live And Invest Overseas

Live and Invest Overseas is the world's savviest source for top opportunities to live better, retire in style, invest for profit, do business, and own real estate overseas. Established in 2008, the Live and Invest Overseas' editors and correspondents have more experience researching and reporting on top opportunities for living well, investing for profit, doing business, and owning real estate around the world than anyone else you'll find.