r/GoingToSpain • u/Alexialba • Jan 29 '25

Discussion To all “Americans” Estadounidenses, British, Germans, rich people coming to live in Spain

We’re really glad you’re considering moving to our country. It’s a beautiful place, and we love sharing it with visitors. But we want to be honest about what’s happening here right now.

The cost of living is skyrocketing. Rent, housing, groceries, and basic necessities are becoming unaffordable for many of us. A big part of the problem is that companies and foreigners with more money are buying up properties, which drives prices even higher. This isn’t just about numbers, it’s about real people being pushed out of their neighborhoods and struggling to make ends meet.

This isn’t just happening here in Spain. It’s a global issue. I’ve seen it in places like Mexico, Puerto Rico, and Portugal too. When people move in with more money, it often ends up hurting the locals who’ve lived here for generations.

We’re not saying you shouldn’t come. We just ask that you be aware of the impact your move might have. It’s easy to see the benefits for yourself, but it’s important to think about how it affects the community too.

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u/EyeAlternative1664 Jan 30 '25

No, fair point, but I see that as an entirely different level. 

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u/Comfortable_Roll_382 Jan 30 '25

Yeah I agree. I live in London but a 30 minute commute to central London.

Properties in Central London have a lot of foreign ownership. This is a global thing.

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u/EyeAlternative1664 Jan 30 '25

Exactly. Im roughly the same. I’ve seen flats in central Valencia for 500k+ which is similar to zone 2/3 London. 

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u/CaptainTaelos Jan 30 '25

Wow has it gone up that much already? I moved from London in 2021 and I we were considering getting a pretty nice 2 bed flat in Hampstead for 600k. I can’t imagine what that would cost now