In the first nine months of the year, property prices rose by an average of 9%, doubling over the past decade and marking a significant recovery.
Prime Minister Pedro Sanchez has proposed a controversial 100% tax on property purchases by non-EU nationals, arguing it would curb speculation in the market.
Mark Stucklin emphasizes that there are 'no speculators in the Spanish property market,' citing transaction costs and red tape as major obstacles for buyers.
The surge in home prices has reignited concerns over housing affordability, leading to public unrest and mass protests across major cities in Spain.
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