Posted: Wed Jan 15, 2025 8:19am
Well-read this and see if you want to change your mind as to quote from the article says he may have a problem getting the law passed or is just full of it-
Real estate agents contacted by Bulletin online today have slammed the new law as being "silly" and also indicated that Sanchez would have a major problem getting the new law approved by parliament. "He promises plenty but delivers little," said one
Seems that he wants to target Airbnb rentals, Sanchez has said-
“Our obligation is to prioritize use of homes over tourist use, and we
will make a change so that tourist flats are taxed as a business which
means they will have to pay like hotels,” he stated.
Sanchez continued: “We are also going to limit the purchase of homes
by non-EU non-resident foreigners who buy about 27,000 houses annually
in Spain, mainly for speculation.”
Sanchez continued:
“We are also going to limit the purchase of homes
by non-EU non-resident foreigners who buy about 27,000 houses annually
in Spain, mainly for speculation.”
The government will raise to 100% the tax levy to be paid by non-EU residents who do not live in Spain but buy a home.
That will follow April’s ending of the Golden Visa- the residence
permits for foreigners who buy houses in Spain for more than €500,000.
To fight fraud, the government is also planning to tighten the regulation of seasonal rentals.
A fund will be created for Spain’s 17 regions plus local councils to
apply for money to increase inspections of tourist properties to ensure
they are licensed.
His government wants to increase affordable housing in Spain but his ideas are up against some opposition
"The problem is not that people want to live in Spain, the problem is that there is a lack of housing," said Luis de la Matta, director of communications of the Partido Popular (PP).