Cunha on Nostr: Spain is planning to impose a tax of up to 100% on properties bought by non-residents ...
Spain is planning to impose a tax of up to 100% on properties bought by non-residents from countries outside the EU, such as the UK.
"(...) the "unprecedented" measure was necessary to meet the country's housing emergency."
"The West faces a decisive challenge: To not become a society divided into two classes, the rich landlords and poor tenants," he said.
Non-EU residents bought 27,000 properties in Spain in 2023, (...) "not to live in" but "to make money from them".
https://www.bbc.com/news/articles/cr7enzjrymxo
"(...) the "unprecedented" measure was necessary to meet the country's housing emergency."
"The West faces a decisive challenge: To not become a society divided into two classes, the rich landlords and poor tenants," he said.
Non-EU residents bought 27,000 properties in Spain in 2023, (...) "not to live in" but "to make money from them".
https://www.bbc.com/news/articles/cr7enzjrymxo