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Spain Set to Double Property Tax for Non-EU Buyers
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Subscribe17 JAN 2025 / ECONOMY
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Spain's government is proposing a 100% property tax for non-EU buyers in an effort to slow down the overheated housing market and increase affordability for local citizens. Though the intent is to minimize speculative buying, critics express concerns regarding potential economic impacts, including a drop in foreign investment, decreased property values, and the potential for economic instability.
Alright, here’s the deal: Spain has decided to throw down the gauntlet on foreign property buyers. The government is proposing a whopping 100% property tax for non-EU buyers. The idea? Cool down the sizzling housing market and make homes more accessible f...
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