SPAIN'S NEW HOUSING LAW 🇪🇸⚠️ Watch before investing in Spanish property in 2023

Spain's new housing law to govern rental properties, the "Ley Vivienda", has multiple implications for both property owners and renters in Spain. In this video I summarise the key points that this new law will introduce and some possible outcomes that may happen as a result of it.

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Mentioned in this video:
El Nacional Article: https://www.elnacional.cat/en/politics/housing-law-spain-key-aspects_1007820_102.html

Cinco Días Article (in Spanish): https://cincodias.elpais.com/economia/2023-04-27/claves-de-la-ley-de-vivienda-limites-al-precio-del-alquiler-proteccion-contra-desahucios-y-nueva-definicion-de-gran-propietario.html

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Chapters:
0:00 - Intro
0:39 - Why a new law?
1:19 - Rent stress areas
2:11 - Large and small property owners
2:54 - Rent controls
4:17 - Rental contract agency fees
5:09 - Evictions
5:56 - Property tax on vacant properties
6:21 - Revised tax incentives
7:05 - Tourist apartments
7:16 - What might happen next?
7:54 - Possible property owner strategies
10:03 - Less likely but extreme scenario
10:49 - General real estate investment considerations
11:56 - My thoughts

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About me:

Welcome to Millennials With Money!

My name is Jonny, I'm a financial analyst from the UK, currently living and working in Spain.

I created this channel to help and inspire young people to improve their financial situation and live life to the full by sharing my own experiences with money and living abroad.

I upload content on a weekly basis about personal finance, how to invest your money, tips to help you save more money, real estate and property, and travel and living overseas.

Everybody is welcome in the Millennials With Money community! Let's get this money!!!

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DISCLAIMER: The opinions and views shared on this channel are for entertainment and educational purposes only and are not to be taken as financial advice. Always conduct your own research prior to making any financial decision. Millennials With Money cannot be held responsible for any financial loss incurred from any decisions you make following this video.