100% tax on foreign buyers: Why Spain plans stricter measures to tackle the housing crisis?
1 day, 5 hours ago

100% tax on foreign buyers: Why Spain plans stricter measures to tackle the housing crisis?

Live Mint  

Spain is preparing to implement a range of measures to tackle its growing housing crisis, including a potential tax of up to 100% on properties purchased by individuals who are neither citizens nor residents of the European Union. The housing shortage has sparked significant opposition to foreign buyers, who are often concentrated in popular tourist destinations and high-demand central areas. Supply Shortages Spain’s housing market experienced a dramatic boom and bust around the global financial crisis. British buyers' share of Spain's housing market drops sharply, hit by Brexit British buyers, once the most active in Spain, have seen their market share decline, further impacted by Brexit.

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History of this topic

Spain planning to impose 100% tax on properties bought by non-EU residents
Top News
1 day, 17 hours ago

Spain planning to impose 100% tax on properties bought by non-EU residents

Live Mint  

Madrid: Spain is planning a raft of measures to address its brewing housing crisis, including an up to 100% tax on properties that non-European Union residents buy. He said the overall goal was to provide “more housing, better regulation and greater aid.” However, it remains unclear if the plan put forth by Sánchez’s minority coalition would pass in Parliament. Non-EU …

Brits buying homes in Spain to be hit with 100% property tax
Top News
1 day, 18 hours ago

Brits buying homes in Spain to be hit with 100% property tax

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Spanish government has announced a major tax hike on housing in a hit to Brits …

Spain’s Sanchez proposes new law to keep non-EU citizens away from real estate purchases
2 days, 15 hours ago

Spain’s Sanchez proposes new law to keep non-EU citizens away from real estate purchases

Firstpost  

The move came as Sanchez’s Socialist-led government grapples with growing concerns over rising home prices nationwide. Facing growing concerns over surging home prices, particularly in Madrid, Spain’s Socialist-led government has proposed measures to limit foreigners from purchasing property in the country. Spain also plans to raise taxes on holiday rentals so that they pay “like a business”, Sanchez said on …

The 17 best villages to relocate to in Spain
4 months ago

The 17 best villages to relocate to in Spain

Daily Mail  

With its sunny climate, beautiful beaches, world-class food and welcoming communities, it's no wonder Spain remains one of the most popular countries for Britons to move to. Average price: €400,000 This three-bed villa in the fishing village of Moraira is on the market for €895,000 With wooden beams, whitewashed walls and tiled floors it has a lovely Spanish vibe Sea …

Spain frees up 'bad bank' houses to ease housing crisis
1 year, 8 months ago

Spain frees up 'bad bank' houses to ease housing crisis

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

A place in the sun no more? Britons buying less property in Spain and Brexit is being blamed
3 years, 1 month ago

A place in the sun no more? Britons buying less property in Spain and Brexit is being blamed

The Independent  

Empty shelves, fuel shortages and a lack of seasonal workers are all things that have been blamed on Brexit. For the first time, it has been recorded that Germans bought more properties in Spain than Britons, whose fondness for buying a place under the sun has turned some resorts into virtual colonies. The latest data shows that Germans bought 10.4 …

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