Explained: Spain’s 26.1% New-Build Property Tax Burden
While public debate routinely centres on rising material costs and high demand, an Ernst & Young (EY) report commissioned by the Madrid Promoters Association (Asprima) has brought a startling reality to light: taxes and administrative fees now account for a staggering 26.1% of the total cost of a new-build home in Spain. To unpack what this means for developers and everyday buyers, property expert Alfredo […]