Scenario description
Assume Spain's Congress does not leave the cabinet-approved emergency housing decrees materially in force as a national package. This includes rejection, failure to validate within the required process, government withdrawal, lapse, or amendments/narrowing that remove the core economic restrictions reported in the MarketBrief summaries, such as the investment-fund residential purchase ban until 2028 or the central tenant/eviction protections. Exact replacement measures, if any, are not specified unless reported by sources.