Summary
Spain plans to introduce a tax of up to 100% on properties purchased by non-EU residents, aiming to address a housing crisis.
The measure would limit property purchases for investment purposes by foreigners, prioritizing homes for residents.
The proposal, inspired by similar policies in Canada and Denmark, is part of broader efforts to improve housing affordability.
Other measures include tax exemptions for affordable housing landlords, tighter tourist rental regulations, and transferring thousands of homes to public housing programs.
Details and a parliamentary timeline are pending.
8 Comments
aviationeast@lemmy.world · 36 pts · 1y
Hopefully that includes any purchase by any company/llc.
Skyrmir@lemmy.world · 33 pts · 1y
Don't worry any foreign company can just open an office in Spain so their Spanish subsidiary and ignore this tax.
Tyfud@lemmy.world · 5 pts · 1y
dogslayeggs@lemmy.world · 21 pts · 1y
As someone who wants to retire in Europe and be able to buy property there, I still support this. If I can't buy until I get citizenship, then fine. It isn't ideal, but I fully support ending home ownership by corporations and foreign people.
I also love the disconnect in this quote here: "Here in the UK, we also have problems with landlords buying multiple properties and driving up the rest, but this policy is losing sight of those of us who want to spend money in the country." They fully recognize how home ownership by people who don't live in the homes ruins things, but then they think spending money on food and gas totally makes up for taking away affordable shelter from the restaurant worker or gas station attendant.
homesweethomeMrL@lemmy.world · 11 pts · 1y
Brexit pays off again!
gubblebumbum@lemm.ee · 1 pts · 1y
anything but LVT ig
Magister@lemmy.world · -4 pts · 1y
in Canada? lol, I think here that a "foreign student" can buy a local house without paying tax, billionaires find a way to avoid it don't worry.
wildbus8979@sh.itjust.works · 13 pts · 1y
Stop spreading lies and xenophobia. The measure is temporary and expires in 2026 but non citizens or permanent residents currently cannot purchase residential property in Canada.
https://laws-lois.justice.gc.ca/eng/acts/P-25.2/page-1.html
The real issue is investment properties and the call is coming from inside the house. Whether they be small individual investors or large corporations.
Aphelion@lemm.ee · 3 pts · 1y
dogslayeggs@lemmy.world · 3 pts · 1y
The article doesn't talk about Canada, but OP brought up Canada so it is now part of the discussion.
galaskorz@discuss.online · 1 pts · 1y