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While Barcelona scapegoats tourism for its housing shortage, Madrid is setting the standard for development with initiatives to improve its housing stock. The “capital of capitalism” is once again employing proven liberal governance techniques to position itself as a premier city in Europe. Diego Sanchez de la Cruz returns to the show to discuss policies being enacted to expand living options for the fastest-growing city in Spain.

By abolishing oppressive rent controls, improving mortgage accessibility, and unlocking new zoning for construction, Madrid is acknowledging the challenges that come with being the city of choice for many new residents and nomads, seeking new opportunities that also strengthen the city’s workforce and future-proof it for growth. Spain’s dynamic political landscape provides fascinating insight into juxtaposed methods of administration and poignant lessons for Latin America and the Caribbean.

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