Spain · Bitcoin · Bitcoin Magazine
Spain has shown every property owner in Europe that the rules around their asset can be rewritten by decree
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Key facts
- In Madrid, listings reportedly fell about 20% in under 24 hours, from 11,815 to 9,398 ( LaBandera )
- The Bank of Spain puts the accumulated deficit for 2021 to 2025 at roughly 750,000 homes ( Cantabria Económica )
- On 2 October it rejected the first decree by 178 votes to 172 and the second by 184 to 166
- A Spanish TV programme reported that around 2,900 rental listings were pulled from property portals in roughly four hours ( EDATV )
Summary
Spain has shown every property owner in Europe that the rules around their asset can be rewritten by decree. Last week the government made that path close to impossible. On 29 September, the Spanish government approved two emergency decrees on housing. Spain’s government did not pass these rules as a normal law. The Constitution reserves this tool for cases of “extraordinary and urgent need”.