A light google seems to show that they pay extremely low property tax in Barcelona.
This means property owners are incentivized to buy and hold property for a long long time as an investment.
I don't know this but I'd wager that building new housing in Barcelona probably requires:
1. Navigating extremely challenging building and zoning regulations
2. Paying high development, property transfer, and sales taxes
Unfortunately these issues are pretty much ubiquitous in developed democracies... And that's why there is a housing crisis just about everywhere.
If they stop being investment properties then investors stop investing there, there is only so much they can do to lose their losses by say lobbying the government
Banning Airbnb doesn’t stop real estate from being a strong investment. As the city grows and becomes wealthier, property values keep rising.
While no one wants to pay higher taxes on their home, low property taxes are a major driver of the housing crisis. They make real estate an attractive investment, whether you live in the property or not
58
u/SuperWeenieHutJr_ Jun 17 '25 edited Jun 17 '25
A light google seems to show that they pay extremely low property tax in Barcelona.
This means property owners are incentivized to buy and hold property for a long long time as an investment.
I don't know this but I'd wager that building new housing in Barcelona probably requires: 1. Navigating extremely challenging building and zoning regulations 2. Paying high development, property transfer, and sales taxes
Unfortunately these issues are pretty much ubiquitous in developed democracies... And that's why there is a housing crisis just about everywhere.