Lemmy.World

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The World's Internet Frontpage Lemmy.World is a general-purpose Lemmy instance of various topics, for the entire world to use.

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Spain plans 100% tax for homes bought by non-EU residents (www.bbc.com)
 
 

cross-posted from: https://lemmy.world/post/24262644

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.

2
197
Spain plans 100% tax for homes bought by non-EU residents (www.bbc.com)
submitted 1 week ago by MicroWave to c/news
10 comments fedilink
 
 

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.

3
10
Spain plans 100% tax for homes bought by non-EU residents (www.bbc.com)
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