It is on the tax you pay on the house ( which is between 7 and 10 % of the price of the house) that is going up by 100% . This would mean that you would be paying 14 to 20 %. Not 100% of the price of the house. This has to be passed by all areas of Spain first.
We have been considering buying a property in Spain as a second home for the family and friends to use in summer months and me and the wife to use in winter months. We are due out on March/April to start looking at different areas in southern Spain. I reckon this announcement from the Spanish PM is the tip of the iceberg. There are significant housing problems in Spain and the Government doesn't have the money or capabilities to address the affordable housing shortfall any time soon....so ex pats are an easy target, existing ones in terms of ongoing taxes and new ones in terms of cost of buying. Add this to the increasing animosity from the locals towards foreign buyers (Barcelona and Alicante in 2024) and the appeal of Spain will deflate pretty quickly. I noticed an increase in advertising today for moving to Cyprus for example.
Well That's It For Me Mateo....That's the last straw for Me...Was Looking to Move To Murcia in the Spring /Summer.....But It's Sicily For Me Now Sadly But it Seems That it's Against Us Brits Every time....Wish You Well For The Future.
If you were planning on moving to Murcia as a full time resident it won’t affect you. Don’t let that stop you. Obviously if you were looking at it being a second home that’s a different story.
Big change of plans now I am in Spain looking to buy a property in the south and got this sent to me today from the mail news paper very bad (can’t paste it)maybe think again might consider Portgual. I have cancelled viewing s because of the big news in the uk mail today 100% tax putting on homes bought by British. Mad
Rubbish The U.K. treated EU citizens fairly whereas the corrupt vindictive clowns in the EU that’s the U.K. because they can’t use the U.K. ATM anymore .. EU is dying F em they now won’t get our business 😁 Plenty of other welcoming economies
That wouldn't be a bother as you're moving INTO Spain, as E.U. Citizens, so that should be grand, as that gives you then the same Property rights as those Locals, Health services and the like....
o Dear I love to live back in Spain full time , but looking to buy in the next year or 2 and merger over when I can apply for a none working visa . I used to rent out a double house to Spanish , mostly used it for weekend get away , 14 years ago no tax to pay but the house used to get robbed when sat empty in the week .Spain got a tax burden hoops to go through to return .May have to rethink (
I don't believe this will ever happen. It will never get passed through parliament. "The chances of the proposal becoming law are limited because Mr Sanchez faces a constant struggle to earn the votes he needs to reach a majority in Spain's divided parliament." Why would this be solely aimed at non EU residents?
So. This only. For. New buyers not existing owners I bought in pesatas 30 years ago Loads of properties being built nearby 5 thousand properties just up from carrefour. And San Luis Why. Didn’t build affordable homes there for Spainish. Leftist politicians always blaming people for trying to better themselves
According to INE, the National Statistics Institute, estimated that there were 3.8 million empty dwellings in Spain. So it is all smoke and mirrors. People complain they cannot live in the middle of Barcelona but that is caused by a huge influx of high-tech workers. The Spanish problem is the lack of well educated young people, hence the huge youth unemployment, which cannot afford to buy in a cool place; you don't get something for nothing.
Early bought last year but it fell through was hoping to buy this year not sure I will bother now as the Spanish are making it all to complicated. When you get another property crash!!!!! They will wonder what went wrong. I’m sure this tax won’t happen
It is harsh, but remember, the EU didn't turn its back on the British, it was the British who turned their back on the EU. I sincerely hope that the UK will rejoin the EU, we are stronger when we are united. Thank you for your excellent videos, much appreciated!. 🇪🇸 🇬🇧 🇪🇺
Just read that Kier Starmer wants to have Much Closer ties With the EU but made It Clear the UK would NOT be Looking to Re join The EU..and maybe that Statement made up the Spanish government's Mind To Penalise The UK?
Nothing to do with the Brexit. It's designed to stop American hedge fund investors snapping up the real estate & Ukrainian & Chinese snapping up real estate for rentals.
please if you can support me with my expenses and my editing cost and other thing I appreciate that some links below. Subscribe it’s free!! Join this channel ko-fi.com/paradise-world (Support me helps my channel do more great videos ) I keep 100% th-cam.com/channels/BisM43z_YsUSUg9f9PX5ag.htmljoin www.buymeacoffee.com/paradiseworldvideos www.paypal.com/donate/?hosted_button_id=8TJKNCBSKVGG6 Become a member. Or Check online shop th-cam.com/channels/BisM43z_YsUSUg9f9PX5ag.htmlstore Access to all videos before they go public www.spreadshirt.com/shop/user/paradise+world+videos/?srEdit=pa#?affiliateId=11625 Bargain loving Brits th-cam.com/video/8Rlq0zsHsnI/w-d-xo.html (Cannot watch link in uk) If you come Spain to buy property you need help I can drive you to the areas in search for property for a small fee will save you money 🇪🇸also on very solicitor (cheap) and professional www.tubebuddy.com/3859. (TH-cam tools ) www.mascotcostablanca.com/. (Costume hire ) children’s parties -------------------- why people Moving back to uk after Brexit th-cam.com/video/WqvCboeIp2I/w-d-xo.html Torrevieja at night th-cam.com/video/WqvCboeIp2I/w-d-xo.html Living in Spain 🇪🇸 cheap £19,000 th-cam.com/video/LKLpokjoBIw/w-d-xo.html buying property in spain /cheap property in spain th-cam.com/video/Nlh_nmUmpl8/w-d-xo.html Restaurants Torrevieja th-cam.com/video/OBQz9zUI7ag/w-d-xo.html Torrevieja promenade restaurants th-cam.com/video/7f2itbN-7Zw/w-d-xo.html th-cam.com/channels/BisM43z_YsUSUg9f9PX5ag.html
People need to realise it’s only second homes. If you’re planning on becoming a resident and buying it doesn’t apply.
It was a big mistake closing down San Javier airport.
Madness! Long term Spain will lose massively
It is on the tax you pay on the house ( which is between 7 and 10 % of the price of the house) that is going up by 100% . This would mean that you would be paying 14 to 20 %. Not 100% of the price of the house. This has to be passed by all areas of Spain first.
We have been considering buying a property in Spain as a second home for the family and friends to use in summer months and me and the wife to use in winter months. We are due out on March/April to start looking at different areas in southern Spain. I reckon this announcement from the Spanish PM is the tip of the iceberg. There are significant housing problems in Spain and the Government doesn't have the money or capabilities to address the affordable housing shortfall any time soon....so ex pats are an easy target, existing ones in terms of ongoing taxes and new ones in terms of cost of buying. Add this to the increasing animosity from the locals towards foreign buyers (Barcelona and Alicante in 2024) and the appeal of Spain will deflate pretty quickly. I noticed an increase in advertising today for moving to Cyprus for example.
Portugal is lovely nice people too,😊
I'm Coming next week to look for a Holiday Home, let's see what happens😄
100% rise in tax from 10% now 100% to 20%.....!!!!!
Empty properties everywhere...just build for residents only...no they want to sell them money money money..
Well That's It For Me Mateo....That's the last straw for Me...Was Looking to Move To Murcia in the Spring /Summer.....But It's Sicily For Me Now Sadly But it Seems That it's Against Us Brits Every time....Wish You Well For The Future.
😩🇪🇸
If you were planning on moving to Murcia as a full time resident it won’t affect you. Don’t let that stop you. Obviously if you were looking at it being a second home that’s a different story.
It has to be voted in parliament and it probably won't get passed .
Big change of plans now I am in Spain looking to buy a property in the south and got this sent to me today from the mail news paper very bad (can’t paste it)maybe think again might consider Portgual.
I have cancelled viewing s because of the big news in the uk mail today 100% tax putting on homes bought by British.
Mad
Easy solution is just local residents can buy real estate, like at our home Åland/Finland
Seems like my dream of one day living in Torrevieja is rapidly disappearing 😢
We should never had left the EU a crazy vote
Rubbish
The U.K. treated EU citizens fairly whereas the corrupt vindictive clowns in the EU that’s the U.K. because they can’t use the U.K. ATM anymore .. EU is dying
F em they now won’t get our business 😁
Plenty of other welcoming economies
Yes crazy decision
Me and the mrs have just applied for an Irish passport so we can live in Spain as permanent residents ,we are looking to buy next year 😢😢😢
Good luck 👍
That wouldn't be a bother as you're moving INTO Spain, as E.U. Citizens, so that should be grand, as that gives you then the same Property rights as those Locals, Health services and the like....
Of course it's at the UK it's no longer part of the eu.
im sure theres plenty of other properties in the eu, spains loss
o Dear I love to live back in Spain full time , but looking to buy in the next year or 2 and merger over when I can apply for a none working visa . I used to rent out a double house to Spanish , mostly used it for weekend get away , 14 years ago no tax to pay but the house used to get robbed when sat empty in the week .Spain got a tax burden hoops to go through to return .May have to rethink (
Yes, definitely
I don't believe this will ever happen. It will never get passed through parliament. "The chances of the proposal becoming law are limited because Mr Sanchez faces a constant struggle to earn the votes he needs to reach a majority in Spain's divided parliament." Why would this be solely aimed at non EU residents?
Yes he’s having a dig at non eu citizens again !! Let’s watch this space see if it goes through 🤔
So. This only. For. New buyers not existing owners I bought in pesatas 30 years ago Loads of properties being built nearby 5 thousand properties just up from carrefour. And San Luis Why. Didn’t build affordable homes there for Spainish. Leftist politicians always blaming people for trying to better themselves
According to INE, the National Statistics Institute, estimated that there were 3.8 million empty dwellings in Spain. So it is all smoke and mirrors. People complain they cannot live in the middle of Barcelona but that is caused by a huge influx of high-tech workers. The Spanish problem is the lack of well educated young people, hence the huge youth unemployment, which cannot afford to buy in a cool place; you don't get something for nothing.
Shooting themselves in the foot.People will go elsewhere. We were thinking of buying. We will look in Portugal now. Spains loss.🤷🏼♀️
Bought to make money?
I bought my place in 2004. I’m pretty sure it’s only worth about 10% more?
Then you have property gains tax when you sell 🙃
What’s the word on the street over there about John George the Belfast man do you know mate
Up date the body found in Rojales lemon farm …one of the suspect that was on bail gone missing …other one was in court the other day …
Early bought last year but it fell through was hoping to buy this year not sure I will bother now as the Spanish are making it all to complicated. When you get another property crash!!!!! They will wonder what went wrong. I’m sure this tax won’t happen
I'm in Spain now with cash to buy.
I'm out
😩
It is harsh, but remember, the EU didn't turn its back on the British, it was the British who turned their back on the EU. I sincerely hope that the UK will rejoin the EU, we are stronger when we are united. Thank you for your excellent videos, much appreciated!. 🇪🇸 🇬🇧 🇪🇺
Thank you …yes we left and they are making us pay 💰 but maybe in time we may vote to go back in 👍
Just read that Kier Starmer wants to have Much Closer ties With the EU but made It Clear the UK would NOT be Looking to Re join The EU..and maybe that Statement made up the Spanish government's Mind To Penalise The UK?
48.7% of us voted Remain.🤷🏼♀️
Nothing to do with the Brexit. It's designed to stop American hedge fund investors snapping up the real estate & Ukrainian & Chinese snapping up real estate for rentals.
But they will starve to death without tourism.
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