The Bubble Newsletter

The Bubble Newsletter

Props

🏒 The two faces of Catalonia's real estate market

Money's flooding in β€” just not into housing.

Ian Mount's avatar
Ian Mount
Jul 21, 2026
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🚨 Welcome to Props β€” The Bubble's real estate newsletter. You're here because Spanish real estate is fascinating, insane, occasionally enraging, and β€” if you have a little money and play it right β€” profitable. Every week we bring you the data, the deals, the people making it happen, and the ones making it worse.

So sit back and enjoy! And send your tips, comments, suggestions, and all-cash offers to ian@thebubble.com.


Spain's housing petri dish

Catalonia in general β€” and Barcelona specifically β€” 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:

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