Spain’s Sanchez proposes new law to keep non-EU citizens away from real estate purchases

The move came as Sanchez’s Socialist-led government grapples with growing concerns over rising home prices nationwide. It was part of a broader set of measures, including a pledge to provide state-backed guarantees for specific rentals and the transfer of thousands of homes owned by the national bad bank to a newly established housing agency.

Spain’s Sanchez proposes new law to keep non-EU citizens away from real estate purchases
The move came as Sanchez’s Socialist-led government grapples with growing concerns over rising home prices nationwide. It was part of a broader set of measures, including a pledge to provide state-backed guarantees for specific rentals and the transfer of thousands of homes owned by the national bad bank to a newly established housing agency.