Spain proposes 100% tax on homes bought by non-EU residents
Pedro Sánchez announces measure in response to anger over rising housing costs
Spain has announced plans to impose a tax of up to 100% on real estate bought by non-residents from countries outside the EU, such as the UK, in an aim to tackle the country’s housing crisis.
Didn’t they just have a government program to sell houses in certain cities to foreigners for 1€ because nobody in their cities would buy them? Only under the condition that they had to fix them up in a certain time period?
Now they are 2€ houses.
Yup, I was told by a Spanish colleague that there are actually houses available in the country, but they are in the rural or less accessible places with little to no opportunities.
It wouldnt be too difficult to write an exception for that.
The problem is a huge rural/city divide. In many cities you have rents on the level of Germany or Netherlands, but the typical income in Spain is a half to a third of what people make in Germany.
That's Italy...not Spain...
I thought that was italy.
So much for my US escape plan
