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Spain, EU
Spain's planned 100% property tax for non-EU buyers could hurt more than it helps, economists say
Spain's prime minister said too many foreigners were buying investment homes. But efforts to discouraging them could hit the economy, experts said.
Spain plans 100% tax for homes bought by non-EU residents
Spain is planning to impose a tax of up to 100% on the value of properties bought by non-residents from countries outside the EU, such as the UK. Announcing the move, Prime Minister Pedro Sánchez said the "unprecedented" measure was necessary to meet the country's housing emergency.
Greece warned against copying Spain's property tax on Brits over fears of economic crisis
He said: “If Greece follows Spain’s lead in imposing property taxes on foreign buyers, it could risk a crucial source of economic stability and undermine its competitiveness against other Mediterranean destinations.
Brits buying homes in Spain to be hit with 100% property tax
Simon Calder, travel correspondent of The Independent, said: “If any British buyer ever has to pay 100 per cent tax on a property purchase in Spain, I will eat my sombrero. The Spanish prime minister’s comments are squarely for domestic consumption.
Spain imposing 100% tax on homes bought by foreigners following American homebuying wave
Spanish Prime Minister Pedro Sanchez on Monday proposed a 100% tax on foreign-bought homes to help address the country's housing crisis. Why it matters: The tax would apply to all homes that non-EU residents purchase,
British buyers trying to ditch Spain following 100% property tax announcement
Spain could impose a 100% tax on the value of properties bought by non-EU residents to improve the housing market for locals.
Spain scares off foreign property buyers with new tax threat
Amid rising real estate prices, Prime Minister Pedro Sanchez wants to impose a 100% tax on property bought by foreign speculators. That downturn was fueled by years of overbuilding and property speculation,
Spain's '100 per cent' property tax for Brit tourists as soon as summer
This move is part of Spain's strategy to address its housing crisis. María Ramírez, deputy managing editor of Spanish news outlet elDiario.es. She told The Guardian: "The policy
The Economist
1d
Spain’s proposed house tax on foreigners will not fix its shortage
Much of Europe faces housing shortages, but Spain’s is especially acute. It is not just rents: 75% of Spaniards own property, ...
1h
on MSN
The European countries where Brits can buy a home to avoid Spain's new 'anti-expat' tax
Spanish Prime Minister Pedro Sánchez announced that non-EU residents could be forced to pay up to 100% tax on the value of ...
4d
Spain eyes tax hike for holiday rentals in bid to lower rents
Spain plans to raise taxes on holiday rentals so that they pay "like a business", Prime Minister Pedro Sanchez said on Monday ...
22h
Moving to Spain Just Became Impossible If You Don’t Have Tons of Cash
The post Moving to Spain Just Became Impossible If You Don’t Have Tons of Cash appeared first on Real Estate News & Insights ...
4d
E-Invoicing And Digital Tax Transformations In Spain And Denmark
Denmark and Spain are integrating e-invoicing into broader initiatives to digitize accounting processes and mandate the use ...
2d
Gibraltar dealt huge blow as Spain’s 100% holiday home tax raid to include islanders
Those living in Gibraltar have been dealt a huge blow as Spain’s war on holiday homes is also likely to hit them.
3d
Spain will tackle its ‘rich landlords and poor tenants’ problem by hiking property taxes to 100% for non-Europeans
Spanish PM Pedro Sánchez said non-EU residents bought thousands of homes in 2023 "to speculate" and "make money from them." ...
2d
'Extreme' tax hike plan shock for Brits looking to buy or sell a home in Spain
Spain's plans for an 'extreme' tax hike on Brits' holiday homes could see many look elsewhere for their dream home abroad, ...
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