The proposed 100% tax on property purchases by non-EU, non-resident buyers in Spain is expected to have significant impacts on the real estate market: 1. Decline in foreign investment: The tax would likely make Spain less attractive to non-EU investors, potentially leading to a drop in foreign demand for properties. 2. Market slowdown: Uncertainty surrounding the tax may cause a temporary decrease in property sales, […]

Spanish Prime Minister Pedro Sánchez announced plans to impose significant restrictions on property purchases by non-EU buyers in Spain. The proposed measure would introduce a 𝐭𝐚𝐱 𝐨𝐟 𝐮𝐩 𝐭𝐨 𝟏𝟎𝟎% 𝐨𝐧 𝐭𝐡𝐞 𝐯𝐚𝐥𝐮𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲 made by buyers residing outside the European Union. He didn’t provide more details of how this would work, but did say this was something Congress (Spain´s Congreso de los […]

Spain’s property market defied global trends in 2024, posting a remarkable 10% sales growth in the first nine months and surpassing 500,000 transactions. A standout third quarter saw a 16% year-on-year increase, with Malaga Province leading the charge at 18% growth. While neighbouring countries like France and Germany struggled with declining markets, Spain’s resilience—bolstered by foreign buyers, local demand, and a strong economy—cemented its position […]

The Spanish government has announced that the ‘Golden Visa’ program, which grants residency permits in exchange for investments, will end on 3rd April 2025. After this date, no further permits will be issued under this scheme. The ‘Golden Visa’ program was introduced to attract foreign investment by offering residency to individuals who invested in Spanish real estate or businesses. However, concerns have been raised about […]

Airbnb faces fines of up to €100,000 (maybe more*) from the Spanish authorities for failing to remove thousands of unlicensed tourist apartment listings, despite prior warnings. This comes after Spain’s Consumer Affairs Ministry launched formal sanction proceedings against the platform, something that is part of a broader initiative by officials to crack down on unlicensed tourist apartments. Reuters reports that Airbnb said it always asks […]