Two weeks ago, the Catalan real estate sector took for granted that soon there would be Russian citizens selling off their properties in Catalonia (in some cases, mansions in coastal areas such as S'Agaró). The reasoning was that the sanctions imposed on Russia for the invasion of Ukraine have left many Russians with homes in Catalonia without access to their money, and that selling their properties was the only way to be able to get their hands on hard cash. But all these predictions have not come true. This is because banks across the continent have imposed unprecedented rules that prevent any Russian citizen from making a deposit of over €100,000. Therefore, if someone sells their house, they will have nowhere to deposit the money.