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.
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.
16 Comments
tyler@programming.dev · 13 pts · 1y
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?
lemmylommy@lemmy.world · 31 pts · 1y
Now they are 2€ houses.
TankovayaDiviziya@lemmy.world · 9 pts · 1y
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.
earphone843@sh.itjust.works · 2 pts · 1y
Sounds pretty great for remote work.
Marin_Rider@aussie.zone · 1 pts · 1y
or retirement.hell i could probably retire now if I came into a 1eu house and lived in spain
Saleh@feddit.org · 4 pts · 1y
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.
Squirrelsdrivemenuts@lemmy.world · 2 pts · 1y
I thought that was italy.
tyler@programming.dev · 1 pts · 1y
Well it’s both then.
Twentytwodividedby7@lemmy.world · 1 pts · 1y
That's Italy...not Spain...
tyler@programming.dev · 1 pts · 1y
It is Spain as well, I googled before making the comment. Also my dad’s girlfriend has been looking into it, which is why I knew about it at all.
guillem@aussie.zone · 1 pts · 1y
jagged_circle@feddit.nl · 7 pts · 1y
So much for my US escape plan
NotMyOldRedditName@lemmy.world · 2 pts · 1y
If you happen to have 500k EUR you can buy your citizenship there and avoid it.
There are cheaper options out there though.
guillem@aussie.zone · 2 pts · 1y
NotMyOldRedditName@lemmy.world · 2 pts · 1y
You're right, I misread that. Thanks for the correction.
I wonder if they'd do something about that program, since you gotta do 500k and then a 100% tax on a property to live in?
guillem@aussie.zone · 1 pts · 1y
jagged_circle@feddit.nl · 1 pts · 1y
Can I buy a house with that? Or is that literally just the cost of the citizenship
NotMyOldRedditName@lemmy.world · 2 pts · 1y
I'm not sure, but someone else said the program is being scrapped in April.
some_guy@lemmy.sdf.org · 1 pts · 1y
We need that here.