Barcelona Considers Ban on Foreign Second Home Buyers Amidst Housing Crisis
Barcelona Mayor Jaume Collboni has reignited the debate surrounding restrictions on non-resident foreign property purchases, proposing a potential ban on non-EU citizens buying second homes in the Catalan capital. This move comes as the city grapples with a severe housing crisis, fueled by speculative investment and soaring prices that are displacing long-term residents.
The Rising Tide of Foreign Investment
The issue isn’t new. In 2025, Spanish Prime Minister Pedro Sánchez proposed a 100 percent tax on property purchases by non-EU buyers, effectively doubling the cost. While that measure remains unvoted on in the Spanish Congress, Barcelona is exploring more direct action. Data from 2025 reveals a significant proportion of property transactions in popular neighborhoods are being made by foreign buyers. Nearly half (49.6 percent) of all apartment purchases in Barceloneta, known for its beach, were made by foreigners. Ciutat Vella, the old town, saw 42 percent of transactions attributed to foreign buyers, with other central and coastal neighborhoods exceeding 35 percent.
A “Gravy Train” Ending?
Collboni has been vocal about curbing speculative purchases. He stated that the “gravy train” for those buying homes to speculate and rent them out is “finished” in Barcelona. The mayor described the buyers as “super-rich” individuals seeking properties in multiple global cities, adding Barcelona to their portfolio. The Catalan government has commissioned expert reports highlighting how speculative purchases are reducing housing availability for residents.
Legal Challenges and EU Concerns
Implementing a ban or significant restrictions isn’t straightforward. Collboni acknowledges the legal hurdles, but remains determined to pursue a more forceful approach. Barcelona City Council has previously considered similar measures. Legal experts have cautioned that any such move by Spain could face challenges in EU courts on grounds of discrimination. The proposed 100 percent tax would apply to those residing outside the EU, rather than based on nationality.
Impact on Vulnerable Residents
The housing crisis is disproportionately affecting certain demographics. The influx of investment funds and foreign buyers is displacing long-term residents, particularly the elderly. In response, Collboni has approved a €400 monthly benefit for over-55s in Barcelona struggling with housing costs.
Broader European Trend
Barcelona’s struggle reflects a wider European trend of rising housing costs. The mayor has warned that the housing crisis is as significant a threat to the EU as the situation in Russia. He, along with other European mayors, are calling on the EU to provide direct funding to cities to address the housing crisis.
FAQ
- What is Barcelona proposing? Barcelona Mayor Jaume Collboni is considering a ban on non-EU citizens purchasing second homes in the city.
- Has Spain tried to address this before? Yes, in 2025, Prime Minister Pedro Sánchez proposed a 100 percent tax on property purchases by non-EU buyers.
- What areas of Barcelona are most affected? Barceloneta and Ciutat Vella have the highest percentages of foreign buyers.
- Are there concerns about legality? Yes, legal experts believe any ban could be challenged in EU courts.
Pro Tip: If you’re considering investing in Spanish property, consult with a legal professional familiar with the latest regulations and potential changes.
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