The Business Times

Spain

Transport & Logistics

Spain the frontrunner for Chinese carmaker BYD’s third European plant: sources

A former seafaring village of whitewashed houses and just 3,000 residents, Benidorm has mushroomed into a city of more than 100 skyscrapers whose population swells to 400,000 on peak August days.
Lifestyle

Spain’s Benidorm embraces its Franco-era mass tourism model

Spanish cities including Madrid and Barcelona face major housing shortages that have pushed rents and values higher.
Property

Aviva hunts partner as it seeks to expand Spanish housing bet

A billboard advertising Netflix Inc. shows in Mumbai. Photographer: Dhiraj Singh/Bloomberg
Telcos, Media & Tech

Netflix to invest 1 billion euros in Spain productions to 2029

A drone view shows a building under construction in the Sesena housing development, south of Madrid, Spain June 2, 2025.
Property

Madrid's ghost towns revived as Spain's housing crisis escalates

Spain is trying to balance maintaining tourism as its economic engine while addressing popular concern over high housing costs as landlords opt for more lucrative tourist rentals.
Property

Spain considers new 21% VAT on short-tourism rentals, double the hotel rate

To fight the housing shortage, the central and local administrations are also clamping down on holiday rentals, with Barcelona aiming to ban all short-term rentals by 2029.
Property

Spain pushes ahead with plan to tax non-EU home buyers 100%

Every quarter, Madrid puts 50 to 200 social housing flats up for grabs in a lottery that is open to people who meet income and residency criteria.
Property

Madrid’s house prices rise 24% as real estate crunch deepens

Transport networks were halted, hospitals were left without power and people were trapped in the metro and in lifts.
International

Power outage hits large parts of Spain and Portugal

Spain’s centre-left government has struggled to find a balance between attracting tourists and migrants to fill job gaps and keeping rents affordable for average citizens.
Property

Protesters rally across Spain against housing crisis, tourist flats

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