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

[vetran]

I agree with you. Housing market in tourist areas is crazy in Spain. The locals can't afford to live near where they work because so much has been bought and then rented out as air BnB.
Then what happens is the businesses that rely on tourists can't get local staff, so they bring in foreigners who are happy to sleep 10 to a flat for a summer job, and the wealthy locals then call all their younger counterparts lazy and selfish for daring to want to be able to afford to live.

Ain't Globalisation grand?

Problem is the government needs to govern. It seems the Spanish aren't any better than the UK government.

[vetran]

did you make that up or is it your dream ?

local knowledge is complaining that locals cannot afford property because of foreigners driving up the prices

Milan.

should they be €0.50 so locals can afford them?
https://housenix.com/blog/house-in-spain-for-1-euro/

[WTFH]

did you make that up or is it your dream ?

local knowledge is complaining that locals cannot afford property because of foreigners driving up the prices

Milan.

I agree with you. Housing market in tourist areas is crazy in Spain. The locals can't afford to live near where they work because so much has been bought and then rented out as air BnB.
Then what happens is the businesses that rely on tourists can't get local staff, so they bring in foreigners who are happy to sleep 10 to a flat for a summer job, and the wealthy locals then call all their younger counterparts lazy and selfish for daring to want to be able to afford to live.

[milanbenes]

when I read the headline, I missed the UK implication

the gift that keeps on giving eh

Milan.

[milanbenes]

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.

did you make that up or is it your dream ?

local knowledge is complaining that locals cannot afford property because of foreigners driving up the prices

Milan.

[ladymuck]

Lots of Russian money in Malta, IIRC, they were selling passports for a pittance not so long ago. I suspect the issue isn't that there are loads of empty properties going unsold but rather that external buyers are helping keep the prices inflated and so making it harder for locals to buy where they need to live. It's exactly the same issue that happens in the UK, whether it's Russians or Chinese buying up tower blocks to leave them empty or Tarquin and Felicia buying a weekend pad down in Cornwall that they never visit because it doesn't have a Waitrose

[Eirikur]

Those Brexit benefits only seem to work for EU countries

[sadkingbilly]

point proven.

thank you twatty much

[vetran]

I wonder how much that will have changed now the Tories are gone - less Russian influence/support in parliament now, so no reason to move here anymore.

I won't mourn the departure of ex KGB gangsters that asset stripped Russia to buy UK mansions. Maybe we can have a clear out of all the foreign tyrants too though it might be seen as ethnic cleansing.

[vetran]

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.

point proven.

[WTFH]

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

10% versus 3%?

I wonder how much that will have changed now the Tories are gone - less Russian influence/support in parliament now, so no reason to move here anymore.

[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.

[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%?

[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]

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.