Spain’s 29 November 2026 election: what left and right promise residents and home buyers

In short

On 29 November Spain elects a new parliament, nine months early. If you live on the Costa Blanca or plan to buy a flat here, this is not distant politics. Whoever forms the government will shape property taxes, rental rules, owners’ protection against squatters and the route to a residence permit.

We have gone through both sides’ positions using only their own documents and statements, and next to them we show what the law already says. One important caveat: as of 4 November 2026 none of the major parties has published a full manifesto. So we rely on campaign statements and on texts the parties filed in Congress. We will update the article once the manifestos are out.

There are no forecasts here, neither about who will win nor about prices. Only what you can check by following the link.

Why the election is early and who is running

On 5 October Pedro Sánchez’s government dissolved parliament; Royal Decree 806/2026 appeared in the BOE on 6 October. The campaign runs from 13 to 27 November and the new Cortes will meet on 23 December.

The trigger was housing. On 2 October Congress rejected two decree-laws: one on the social function of housing (172 in favour, 178 against) and one on the stability of rental contracts (166 in favour, 184 against). On 6 October, after the dissolution, the government approved them again in revised form as decree-laws 28/2026 and 29/2026. They now await approval by the Standing Committee of Congress; the vote is expected on 12 November.

On the left are the PSOE led by Sánchez, the Frente Amplio coalition (successor to the Sumar coalition, with Ada Colau as candidate; it includes Más Madrid, Movimiento Sumar, Comuns and IU) and, separately, Podemos. On the right are Alberto Núñez Feijóo’s Partido Popular and Santiago Abascal’s Vox.

The campaign has a grim backdrop. On 28 October a train crashed near Urda (Toledo), killing 69 people. On 3 November Transport Minister Óscar Puente announced in Congress that he was resigning after that disaster and the Adamuz crash in January. As of 4 November the decree formally removing him has not yet appeared in the BOE, and Carlos Cuerpo is temporarily in charge of the ministry until a new government is formed.

The polls differ sharply. The October CIS barometer (published 14 October 2026) gives the PSOE 34.0%, the PP 22.2% and Vox 17.1%. The Sigma Dos poll for El Mundo (published 19 October 2026) shows the reverse: PP 31.5%, PSOE 25.3%, Vox 19.5%. We cite both and draw no conclusions. The large CIS pre-election survey had not been published as of 4 November. From 24 November polls may not be published in Spain.

How to read the promises: four steps

In Spain there are several steps between words at a rally and a change in your wallet. To keep things clear, we say for every measure where it stands right now.

• Promise or campaign statement: what a candidate says at a rally, in an interview or on the party website. No legal force.
• Bill (proposición de ley): a text filed in Congress. With the dissolution on 6 October every unfinished bill lapsed (caducado) and would have to be filed again.
• Decree-law (real decreto-ley): in force as soon as it is published in the BOE, but Congress must approve it within 30 days or it is repealed. That is what happened to decrees 26 and 27/2026.
• Law in the BOE: finally adopted and in force until another law changes it.

Taxes: income tax, wealth, inheritance, non-residents, IBI

First, what applies now. Many property taxes are regional: transfer tax (ITP) on purchases, inheritance tax and wealth tax in the Valencian Community are set by the Generalitat, and IBI is set by your town hall. Non-residents pay non-resident income tax (IRNR) of 19% if they live in the EU or EEA and 24% otherwise. The solidarity tax on fortunes above €3 million has been extended with no end date. In the Valencian Community, since August 2026 wealth tax is paid by residents with assets above €2 million. Inheritances and gifts between children, spouses and parents get a 99% reduction. ITP on resale homes is 9%, and 11% on the part above €1 million.

The left. We found no specific figures from the PSOE campaign on income tax, wealth tax or inheritance tax: according to Forbes, party resolutions speak of “tax progressivity”. Sánchez promises to tax tourist flats “as a business”. Decree 29/2026 already introduces 10% VAT on furnished lets of up to 30 nights and a deduction of 10% of rent for tenants with a taxable base below €33,007.20. Ada Colau (Frente Amplio) has proposed an annual tax of 10% of a home’s value. For individuals it would start from the fourth property if all of them together are worth more than €800,000, for companies from the first. For now this is a statement made on air; there is no legal text.

A word on the tax of up to 100% for buyers from outside the EU. The PSOE filed such a bill in May 2025 (bill 122/000196). It was never passed and lapsed on 6 October 2026 with the dissolution of parliament. As far as we can see, the idea has not come up in this campaign. If the idea returns, it will be a new bill and the process will start from scratch.

The right. The PP promises an “end to the tax hell” and a review of “more than a hundred tax rises”, as Feijóo’s “Contract with Spain” of 19 October puts it. Specifics: 60% less VAT and ITP on a first home for under-40s, and tax deductions for tenants and landlords on leases of up to 3 years with rises below inflation. In October the party also proposed indexing income tax brackets to inflation. The PP promised to abolish the large-fortunes tax in its 2023 manifesto; whether it will repeat this in 2026 is not yet known. We found no direct PP statement on the 100% tax; in February 2026 The Local described Feijóo as opposed to it.

In its 2023 manifesto Vox proposed abolishing wealth tax, inheritance tax and the municipal plusvalía, income tax rates of 15% and 25%, and zero VAT on a first home. In November 2025 the party filed a motion in Congress to raise taxes on home purchases by foreigners to fund benefits for Spaniards. It gave no rate and no distinction between EU citizens and others. Neither side has said anything specific about IRNR or IBI in this campaign.

Housing and renting: the housing law, tourist lets, the golden visa

What applies now. The Housing Law 12/2023 is in force, but its rent cap only works in “stressed areas”, and the Valencian Community has not declared any. The golden visa for buying property was abolished on 3 April 2025; permits issued earlier are renewed under the old rules. To let a flat to tourists in an apartment block you have needed the consent of three fifths of the owners since April 2025. In May 2026 the Supreme Court partly annulled the national short-term rental register following an appeal by the Generalitat; the regional licence is still required.

Decree 29/2026 has been in force since 8 October until it is either approved or repealed. It caps annual rent updates at 2% until the end of 2027 and introduces interest-free ICO loans for a first home (up to 20% of the price, maximum €50,000). Decree 28/2026 takes effect on 15 November. Under it, a lease on a main home is compulsorily extended for 5 years (7 if the landlord is a company). A landlord who refuses to renew pays the tenant at least 12 months’ rent, except in listed cases, for example when the owner or their family needs the home.

The left wants to keep and expand these measures. The PSOE is betting on the TU CASA scheme of interest-free loans and a large public housing stock. Frente Amplio campaign spokesman Pablo Bustinduy calls the election a “referendum on the right to housing”, and the coalition proposes to “intervene in the housing market”. Podemos campaigns under the slogans “homes are for living in” and “housing cannot be a business” and proposes banning speculators from buying homes.

The right proposes the opposite route: build more. The PP promises a million homes over four years and, in its first 100 days, a land law and a reform of the horizontal property law. Young buyers are promised state mortgage guarantees of up to 100%, and tenants and landlords tax deductions on leases of up to 3 years with rises below inflation. The PP promised to repeal the housing law in 2023; we did not find that promise in the 2026 campaign. Vox also wants to repeal it and on 25 October pledged to write “national priority” into housing laws. The PP has criticised the end of the golden visa in the past, but as far as we could check no party promises to bring it back in 2026.

What this means for buyers. If the decrees are approved, long-term renting becomes more predictable for tenants and stricter for owners. The right promises the opposite, but any new law has to pass parliament, which takes months. For tourist lets, what matters most is your community of owners’ decision and the Generalitat licence, and neither depends on the election.

Owners’ rights: squatters and evictions

What applies now. Since 3 April 2025 cases of unlawful occupation (allanamiento de morada and usurpación) go to fast-track trials (juicio rápido). For civil claims to recover a home there has been an “express eviction” procedure since 2018. In February Congress threw out the extension of the general moratorium on evicting vulnerable households until the end of 2026. Since 8 October decree 29/2026 has provisionally brought back eviction suspensions, but Congress still has to approve it.

The left. We found no new proposals on squatting in this campaign. Decree 29/2026 suspends until 31 December 2030 the eviction of vulnerable people with no other home when the claimant is a company that buys up housing or bad mortgage loans; with other claimants a suspension of up to 3 years, subject to review, is possible. The authorities get two months to offer such people housing. The government promises small landlords “additional guarantees”.

The right. The PP promises to evict squatters “within 48 hours” and pass a law in its first 100 days. In February 2026 the party had already filed such a bill (122/000254): vacate the home within 24 hours of being required to, allow utilities to be cut off, cancel the occupier’s registration on the padrón. Note that the bill said 24 hours, while the PP now speaks of 48 in the campaign. The bill was admitted for consideration on 19 May 2026 but never reached a final vote, and it lapsed with the dissolution. According to press reports from January 2025, Vox proposes eviction within 12 hours without prior court proceedings in clear-cut cases.

Immigration, residence permits and non-residents

What applies now. A new immigration regulation has been in force since 20 May 2025. Arraigo (social, social-labour, training, family and “second chance”) usually requires two years of living in Spain. The extraordinary regularisation under Royal Decree 316/2026 closed on 30 June 2026. The conditions of the non-lucrative visa have not changed: 400% of IPREM per month for the applicant.

The left has presented no new immigration plans in the campaign, but it defends the 2026 regularisation, a decision of the current PSOE government. Sánchez calls it “a way of integrating”, and Podemos demands the closure of immigration detention centres (CIE).

In its “Contract with Spain” the PP promises to “bring order to immigration” and explicitly rejects collective regularisations. The party’s October 2025 plan includes a points-based visa where “work will be the entry door”, quotas by country and sector, arraigo made exceptional again, and loss of residence for serious crimes. Vox demands “remigration” and “national priority” in welfare. Its motion in Congress includes deporting those who entered illegally and free healthcare only for legal residents. At a rally on 21 October Abascal spoke of “remigration for those who are in Spain and do not work”. On 31 October Vox secretary-general Ignacio Garriga pledged that, “if it has enough strength”, everyone in the country irregularly would be returned to their country of origin.

For EU citizens and non-resident owners, no party proposes specific changes to their status. Vox texts refer to “foreigners” without an exception for EU citizens, but the party has not explained what this would mean in practice. Real consequences can only be discussed once manifestos and bills appear.

The economy in brief

The 2026 minimum wage is €1,221 a month paid 14 times a year. The PSOE wants to raise it to 60% of the average wage and cut the working week to 36 hours by 2030 (according to party resolutions as reported by Forbes). Podemos proposes €1,800 and a 30-hour week.

The PP promises to index pensions to inflation, raise wages through productivity and pass budgets for 2027 and 2028. Vox focuses on tax cuts and “deregulation”; we found no detailed economic plan for 2026.

Left and right: comparison by topic

In brief, as of 4 November 2026. The status of each measure is given in brackets.

What to check before and after 29 November

A few practical steps that do not depend on who wins.

• If you rent out or rent a home: watch whether Congress approves decrees 28 and 29/2026. Lease extensions and rent updates depend on it.
• If you are buying a first home: budget with the current ITP (9% or 11%) and do not count on promised discounts until they become law.
• If you plan tourist lets: first the community of owners’ minutes and the Generalitat licence, then the purchase.
• If you are a non-resident: IRNR rates are not changing now, and the 100% tax bill has lapsed.
• If you are applying for residency: go by the current regulation RD 1155/2024. Party promises only take effect once they become law.
• After 29 November, watch the BOE rather than the headlines: every change starts with a law or decree being published.

Buy now or wait? Let’s talk about your case

Tell us what you are planning: buying, selling or renting. The Tairix Invest team will reply personally in your language and work out the costs under today’s rules.

Frequently asked questions