Source: Foundation for Economic Education
by Mark Nayler
“Although it’s the world’s second most-visited country, Spain hasn’t been sending out a welcoming message recently. Its Socialist-led government has proposed or passed several measures aimed at deterring foreign property investors, such as a 100% tax on non-EU citizens buying houses (so far just an idea) and a ban on Golden Visas, which awarded residency to non-Spanish citizens who purchased real estate worth at least €500,000 (effective from last April). Over the last few years, there have also been protests against what residents see as over-tourism in hotspots such as Valencia, Málaga, Catalonia, and the Balearic Islands. One might have expected all this negative publicity to have dented Spain’s reputation as one of the best places in the world to take a vacation or buy a second home. But the opposite seems to be true: Spain set a new tourism record in 2025 with 97 million visitors, a 3.2% increase on 2024’s 94 million.” (04/15/26)