Catalonia plans new tax measures to curb speculative property buying. Credit : dajingjing, Shutterstock
For many people in Catalonia, the housing market no longer feels like a place to find a home – it feels like a battlefield. Rising rents, limited supply and investor-driven buying have pushed housing anxiety to the forefront of daily life. Now, the Catalan government says it wants to push back.
The regional executive is preparing a new law aimed at curbing speculative property purchases, using taxation rather than outright bans. The plan was outlined by Sílvia Paneque, Catalonia’s cabinet spokesperson and minister for housing and territory, in an interview with the Catalan News Agency (ACN).
The message from the government is clear: housing should be lived in – not stockpiled.
Taxing speculation instead of banning buyers
Paneque was direct about the limits of what the government can do. “We cannot ban buying property,” she said. Instead, the Catalan authorities are looking for ways to discourage purchases that do not serve a residential purpose.
The solution they are working on is a new tax on property purchases that are not intended for people to live in. The idea is to make speculative buying less attractive and, in turn, push more homes into the market that matters most to residents — the rental market.
“This is a way of moving these properties into the market we care about most,” Paneque told ACN, referring to long-term rentals rather than empty flats or investment-only assets.
According to the government, the draft law should be ready in the first quarter of 2026, though key details are still being finalised.
Focused on high-pressure areas, not everywhere
The proposed measure would not apply across all of Catalonia. Instead, it would be targeted at “tense” housing zones, where demand has far outstripped supply. Cities such as Barcelona, along with other municipalities facing similar pressure, are likely to be included.
Paneque stressed that the rule would not be permanent. The government sees it as a temporary tool to cool overheated markets, not a lasting restriction on property ownership.
There are still open questions about how the law would work in practice. One of them is whether the tax would apply only to individual apartments or to entire buildings bought for non-residential use. That distinction could make a big difference to developers and large investors – and it’s one the government says it is still studying carefully.
Targeting large owners, not everyday buyers
Alongside the new tax, the Catalan government is also planning tax incentives designed to stop properties being sold back and forth between large-scale owners.
Paneque made it clear who the government is aiming at. The goal, she said, is to prevent homes from circulating among people who already own “a large number of properties just for speculative reasons, looking for personal profit and not something that benefits Catalans”.
In other words, this is not about stopping someone from buying a flat to live in – or even to rent out – but about reducing a system where housing is treated purely as a financial asset, disconnected from the needs of residents.
What Catalonia can – and cannot – do alone
Paneque also acknowledged that not all aspects of the plan are within Catalonia’s control. Due to Spain’s current division of powers, some elements of the proposed rules will need to be negotiated with the Spanish government before they can be enforced.
Even so, the political direction is clear. For the Catalan executive, housing has crossed a line.
“Housing in Catalonia has to be a right, not a source of anxiety,” Paneque said. She argues that homes should be understood first as places to live, not as business opportunities – a sharp contrast with how the market has operated in recent years.
She also reiterated the government’s position on affordability, stating that people should not be spending more than 30 per cent of their income on rent, a threshold that many households in Catalonia already exceed.
A signal, not a silver bullet
The law is still being drafted, and it remains to be seen how strong its impact will be once implemented. But politically, the signal is unmistakable.
By using taxes to steer behaviour rather than banning ownership outright, the Catalan government is trying to rebalance a market that many residents feel has slipped out of reach.
For tenants struggling with rising rents, it may offer cautious hope. For investors, it could mark the start of a more restrictive environment. And for policymakers, it’s another step in a much larger fight over what housing is – and who it is really for – in modern Catalonia.
Stay tuned with Euro Weekly News for more news from Barcelona