Separatists won the Catalonian regional elections over the weekend, meaning the Spanish property market could have to consider what would happen if the region were to become independent.

Although Catalan president Artur Mas failed to secure a resounding mandate for a referendum on the issue, the issue of separatism looks unlikely to remain buried.

Voters have become frustrated with the current economic crisis and the tax system, which they believe puts Catalonia at a disadvantage.

As a result, the election resulted in almost two-thirds of seats going to four different separatist parties.

Catalonia is a wealthy but financially troubled region of north eastern Spain, which has been hit hard by the country’s economic crisis.

Should political instability come to Spain, property prices may plummet further. While good news for first time buyers looking to invest in Spanish real estate, those looking for medium term return on investment will be following the Catalonian situation closely.

Source:  http://www.propertyshowrooms.com/spain/property/news/how-would-property-prices-cope-catalonian-independence_312529.html