🏢 The two faces of Catalonia's real estate market
Money's flooding in — just not into housing.
🚨 Welcome to Props — The Bubble's real estate newsletter. You're here because Spanish real estate is fascinating, insane, occasionally enraging, and — if you have a little money and play it right — profitable. Every week we bring you the data, the deals, the people making it happen, and the ones making it worse.
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Spain's housing petri dish
Catalonia in general — and Barcelona specifically — have served as a kind of petri dish for Spain's housing policy experiments: rent controls, subsidized housing quotas, restrictions on tourist lets, and more.
And the outcome of these experiments? Well, a new batch of data has come in during the last week, and the results are, to put it charitably, mixed.
Let us count the ways: