Spain Proposed 100% Tax on Property purchased by non-EU residents...

[Zigenare]

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.

I'll bet the local bar keeps are just itching to move into their newly purchased multi-million Euro villas on the Costa...

[Uncle Albert]

Seems like a good idea. There's pleanty of EU tourism to cover for any loss in UK house buyers, not that there are going to be that many since Brexit and the loss of FOM.

It'd be nice if London wasn't owned by the Chinese/Russians/Arabs.

[vetran]

You won get over it!

Spain will be number 2 after China soon, the UK will beg for the scraps off the EU table!

Does this count as ethnic cleansing? Maybe Israel can try this with Gaza charge everyone in Gaza by piece of Rubble to pay for reparations?

I wonder if they will raise much?

https://housenix.com/blog/house-in-spain-for-1-euro/

[northernladuk]

Their housing market in holiday areas still hasn't recovered from the boom/boost of 10 years ago. Banks still have a process in place just to hand keys back and write the debt off with a ton of unsellable villas on their books. No idea how they think this tax is gonna help that. It's just going to make it worse surely. Granted it's limited to non-EU i.e. us only but that's their major source of purchasing. Sounds like cutting nose off to spite face to me.

[sadkingbilly]

Granted it's limited to non-EU i.e. us only but that's their major source of purchasing. Sounds like cutting nose off to spite face to me.

Geez. the arrogance of little Engerlanders does amaze me.
we're the only country in the world not in the EU??
WAT.

[vetran]

Their housing market in holiday areas still hasn't recovered from the boom/boost of 10 years ago. Banks still have a process in place just to hand keys back and write the debt off with a ton of unsellable villas on their books. No idea how they think this tax is gonna help that. It's just going to make it worse surely. Granted it's limited to non-EU i.e. us only but that's their major source of purchasing. Sounds like cutting nose off to spite face to me.

too subtle again?

[vetran]

Geez. the arrogance of little Engerlanders does amaze me.
we're the only country in the world not in the EU??
WAT.

Odd the Chinese & Russians seem to like the UK more for some reason.

Nice to see you have no idea what a Little Englander was.

[Uncle Albert]

Odd the Chinese & Russians seem to like the UK more for some reason.

Nice to see you have no idea what a Little Englander was.

The levels are not very different. Both UK and Spain are in the top 7 countries they buy properties in.
The new law will also help hotel/hostel owners as the AirBnB lot will be taxed at the higher rate. Again, this is a good thing for the local economy.

[vetran]

The levels are not very different. Both UK and Spain are in the top 7 countries they buy properties in.
The new law will also help hotel/hostel owners as the AirBnB lot will be taxed at the higher rate. Again, this is a good thing for the local economy.

https://www.statista.com/statistics/...reign%20buyers.

10% versus 3%?

[sadkingbilly]

Nice to see you have no idea what a Little Englander was.

I equate them with all the ******** in all the 'English nationalist parties' i've encountered in my 50+ years in the country.

*this means you, among others.