Spain has taken a firm stance against speculative real estate buying by extending a critical ban until 2030.
- Extended Deadline: The restriction on investment funds purchasing homes for speculative gain has been pushed back from 2028 to 2030.
- New Safeguards: Buyers must now provide an official appraisal from a Bank of Spain-approved firm.
- Defining Speculation: Purchases are considered speculative if they don’t meet strict market value criteria, specifically needing an appraisal over 70% of the property’s market price.
These updated regulations aim to curb excessive profiteering and bring more stability to the housing market for everyday citizens.