Spain floats 100 percent tax for non-EU real estate buyers • FRANCE 24 English

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FRANCE 24 English

Күн бұрын

Пікірлер: 106

@hppavilionf50 13 күн бұрын

Skip to 2:45 for where they actually talk about Spain

@henrytoledo4103 13 күн бұрын

Thankyou

@AlexWatson-t1f 13 күн бұрын

Thanks 😊

@everythingisfine9988 7 күн бұрын

👑

@2kool4myskool 13 күн бұрын

Spain never had this problem in the 60’s and 70’s when foreign ownership was very rare it’s an indictment on the current political class and sellout congress who have let foreign ownership in Spain run rampant, leading to boom bust cycles and speculative vultures creating a crisis in the housing market.

@juancarlosalonso5664 12 күн бұрын

The current political class are the ones tackling the issue, this tax is being brought along with other measures such as banning airbnbs and other similar rental services from major tourism centers, also let’s not forget Spain is far from the only country affected the issue of rising property costs, it’s affecting the whole west (primarily the us), it’s one of the many problems we’re dealing with after a period of unchecked capitalism.

@Humanity_Hope_ 13 күн бұрын

Ban Airbnb altogether!

@mikegoodie7905 13 күн бұрын

Yes, we vacation in Europe about every year. Airbnb are nice, but not at expense of crushing the people that live there.

@SaaSMakers 13 күн бұрын

Yes we don’t need airbnb it’s a false opportunity for europeans cities

@fatimateresa19 12 күн бұрын

They will be banned in the city of Barcelona by 2028. They have only 3 years left.

@moonmist9 5 күн бұрын

Yes, why don't they do that?

@protectusplease9833 11 күн бұрын

Wish they would do the same in Australia where homelessness amongst Aussie battlers is a huge problem, congrats to Spain for having the courage to support their own people.

@goldgeologist5320 13 күн бұрын

100% tax! I guess my dream of retiring in Spain is over if this happens.

@starventure 13 күн бұрын

Spain is for the Spanish first. Viva Espana!

@Michaelcj-m2d 12 күн бұрын

Other sites not if its your primary home to live year around. Not as a second home or turning it into a Airbnb. Or hedge fund buying up everything.

@gregorymanzano7624 12 күн бұрын

this rule applies to non EU residents, if you retire here you will need a retiree visa, that will make you an EU resident, therefore this will not apply to you

@abm672 12 күн бұрын

@starventure so why there are so many Spaniards in UK and Scandinavian countries? 😂

@lroc6272 12 күн бұрын

Rent

@goo8295 13 күн бұрын

Build more hotels for tourism, and build more affordable housing for citizens. Sheeesh

@mateescugabriela7655 11 күн бұрын

There is no more space in the cities, where? Destroy the parks?

@henrytoledo4103 13 күн бұрын

Wish the US would do the same thing

@starventure 13 күн бұрын

Absolutely. Spain is showing America the way here on how to bring down housing demand and cost. This is a great idea, and if you combine this with a remittance tax for wire transfers or cash crossing the border it will kill the incentive for illegals to enter.

@mikegoodie7905 13 күн бұрын

Just ban Airbnbs. Also, housing in the US has doubled since COVID, and so has the wealth of the billionaire class.

@ryanwalters6184 13 күн бұрын

More than doubled where I live

@banksiasong 13 күн бұрын

Yes, yes, yes! Spanish homes for Spanish citizens!

@AdHernandez 13 күн бұрын

ni siquiera eres de Espana, troll barato.

@fatimateresa19 12 күн бұрын

I work in a hospital 🏥 abroad (NHS) ALL the patients have houses in Spain and Portugal which it’s funny thinking in how many nationals can’t afford it. They are just getting tax differently it’s not like they are banning foreigners from buying altogether.

@moonmist9 5 күн бұрын

And EU citizens 😄

@learnspanishwithdavid 13 күн бұрын

Just stop killing people and companies with abusive taxes that just vanish, so they can get a fair salary and be able to afford houses, food and whatever they want. Greedy. We could have enough to cover the needs of many but it´s never enough for the greed of a few.

@ryanwalters6184 13 күн бұрын

I would love for this to come to America. ❤

@grahamblake7198 11 күн бұрын

How to crash your number one asset in one easy lesson.

@Anjuli72 13 күн бұрын

Good on you Spain💚

@toutlemonde5008 10 күн бұрын

your problem is the law supporting nonpaying longterm tenants, whom are impossible to kick out, Mister! That's why nobody wants to rent out their properties in spain

@moonmist9 5 күн бұрын

They are deliberately letting the problem persist, it seems.

@misschicka2831 13 күн бұрын

Sanchez is just giving lip service to Spaniards as there were a lot of protests against tourists last summer. What will most likely happen will be: 1. The proposal isn't passed. 2. The proposal passes BUT people looking to buy property would just get a Non-Lucrative Visa or Digital Nomad Visa, get their residency for Spain, and just bypass the block. Spaniards won't be able to purchase properties regardless of if non-residents are blocked from purchasing or not. Their incomes simply cannot afford the cost. Sanchez would have to propose looser mortgage qualifications in order for the common Spaniard to purchase property. He would also have to propose local governments buying dilapidated housing and apartments to refurbish into low-cost housing. He would also have to propose a nationwide tourist tax that would fund low-income recipients. Like welfare or housing costs for the poor. All of what he said was smoke. He's just trying to satisfy a large, disgruntled group while *wink* telling *wink* foreigners to get their residency and then purchase. Kinda ingenious if you'd ask me but..

@Pwr2ThePeople 12 күн бұрын

Agreed it's all just pantomime.

@moonmist9 5 күн бұрын

Yes. And he's also proposing to build ugly and cheap apartment blocks for herding people starting in Valencia where the poor people's houses were swept away.

@TOMFISHER-z8g 13 күн бұрын

1000% would be applicable

@bewater4732 12 күн бұрын

I hope the UK government does something similar !

@arturoosorio3793 11 күн бұрын

They should include EU members who aren’t Spanish as well.

@moonmist9 5 күн бұрын

At the same time they're having tourism fairs. Very confusing.

@eamonnodonnell6659 13 күн бұрын

Hope uk government does this too, especially for any Spanish residents wishing to purchase in the UK.

@nosemellon 13 күн бұрын

Come on... who in their right mind would go to Britain? It's already full of Rich Israeli's and Russians.

@antowalk 13 күн бұрын

well said

@eamonnodonnell6659 13 күн бұрын

@@antowalk Thank you

@lv3609 13 күн бұрын

Maybe you didn’t heard well, it’s about non-EU people buying houses as business intent to put in AirBnB or short term rental. This is not equivalent to “any *Spanish resident* wishing to purchase in the UK”, this Spain government proposal does not prevent non-EU resident to buy a house to live there (that is if he/she is a legal resident).

@eamonnodonnell6659 13 күн бұрын

@lv3609 Yes, I'm fully aware it's intended to target those that use a Spanish property to rent out for capital gain.. However, why only target non EU, it doesn't stop for example someone from perhaps France, Germany, purchasing such a property and renting it out, it's targeting high taxes against non EU such as UK.. For many decades UK residents have spent vast sums holidaying in Spain. Some might purchase for holidays on a regular basis but also to rent now and then to cover property expenses. That's not only going to put people off buying property, but amongst other reasons holidays in Spain . So glad I never purchased a property in Spain.

@Djamonja 13 күн бұрын

He is 10 years too late, and the problem isn't just non-EU real estate buyers, there have been plenty of EU real estate buyers that have taken advantage of the Airbnb market in Spain. And not just in Spain and not just Airbnb

@Nano3D-f5g 10 күн бұрын

That is just one of many measures planned, rising airbnbs VAT to ehat hotels pay, 100% income tax rebate to landlords lowering rents .among others .

@HuibertAalbers 13 күн бұрын

I am Dutch but my parents lived in Spain (my mother was a Spaniard) and when they passed I inherited their apartment in Madrid. I live in Mexico but I plan to spend 4 or 5 months a year in Spain after I retire. This proposed law wouldn't affect me now but it would have affected me if I had inherited the apartment with this law in place (because these taxes have to be paid not just when buying a property but also when inheriting it). This is clearly discriminatory for EU nationals like myself who decided to live outside the EU for a period of time. I already have to pay a special tax for non EU residents which frankly may be popular with voters but is not fair for EU citizens who live abroad. I understand the uproar against AirBnB and Russian oligarchs who buy mansions on the coast but this law could also affect normal citizens who moved outside the EU for work with the intention to come back to live in Spain later on.

@Daniel-nt5gh 12 күн бұрын

What you said it's not in the law proposal by any means. Spanish or Eu citizens don't apply to the 100% tax.

@angelechaidelascurain2796 11 күн бұрын

You have a eu citizenship it does not matter where you live this does not apply to you. Mainly to Brits Americans and people from Latin America.

@Salvatoreluciano. 9 күн бұрын

How you end up in Mexico if I may ask? :)

@HuibertAalbers 9 күн бұрын

@ Long story short, I met a Mexican girl…

@Salvatoreluciano. 9 күн бұрын

@@HuibertAalbers nice! You got Mexican citizenship?

@MT-ys6ju 13 күн бұрын

Many airbnbs in Spain are owned by locals and some EU citizens who want to use them themselves for their own holidays. If Airbnb were banned, these properties are unlikely to enter the long-term rental market, as owners still want periodic access to them. Many will be looking to sell to pay off their loans. A sudden influx of properties on the market would trigger a sharp drop in property prices. Falling property values could hurt all homeowners, not just Airbnb owners, leading to negative equity for those with mortgages and a rise in foreclosures, which could stress banks and potentially trigger an economic crisis similar to 2008. In the end, everyone will loose not just the airbnb owners.

@johnnyzondervrees2436 13 күн бұрын

1000%

@jeffhgv 6 күн бұрын

U.K. should do the same, houses should be for British people not foreign investors. Some care homes in the uk are foreign owned. It’s wrong and needs to stop. Also stop the biggest rip off and that’s buy to let property, the tax payer is subsidising their wealth through benefits in many cases.

@tats2366 13 күн бұрын

Niiice 💯

@jliriano8543 12 күн бұрын

There are plenty of homes in Spain in these abandoned villages.

@cropolo2573 13 күн бұрын

That is NOT what spain proposed. Do some more research before you publicize something...

@markdickson3820 13 күн бұрын

Good for Spain, sounds like they do have an issue with housing costs. If it works, I think it may be biting the hand that feeds since it’s an economy that has a higher percent coming from tourism. I don’t think it’ll work though, surely most of the money buying homes for Airbnb is coming from within eu, so it sounds good to voters but likely won’t accomplish much. Perhaps it’s worth a try tho

@Graphicxtras1 13 күн бұрын

Interesting times, perhaps people will look elsewhere to buy houses in the sun (especially made difficult because of good old brexit) Guess we will see if this does get through and become law.