Spain Faces Housing Crisis with 94 Million Tourists Annually Amidst 18-Month Building Permit Delays
📈 In 2024, Spain expects 94 million tourists for 48 million residents, with tourism comprising 12% of its GDP. Southern European cities like Barcelona, Lisbon, and Venice face protests against tourism, yet the housing crisis persists due to bureaucratic delays. Lisbon takes at least 18 months for building permits, exacerbating housing shortages. Barcelona plans to end short-term rentals by 2028, and Spain has ordered Airbnb to remove 66,000 listings, highlighting the struggle between tourism dependency and bureaucratic inefficiencies.
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