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Spain proposes 100% tax on homes bought by non-EU residents (www.theguardian.com)

submitted 2 years ago by slartibartfast@lemm.ee to c/world@quokk.au

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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.

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[-] NotMyOldRedditName@lemmy.world 2 points 2 years ago* (last edited 2 years ago)

If you happen to have 500k EUR you can buy your citizenship there and avoid it.

There are cheaper options out there though.

[-] jagged_circle@feddit.nl 1 points 2 years ago

Can I buy a house with that? Or is that literally just the cost of the citizenship

[-] NotMyOldRedditName@lemmy.world 2 points 2 years ago

I'm not sure, but someone else said the program is being scrapped in April.

this post was submitted on 14 Jan 2025

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