this post was submitted on 14 Jan 2025
187 points (99.0% liked)

News

23824 readers
3397 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
 

Summary

Spain plans to introduce a tax of up to 100% on properties purchased by non-EU residents, aiming to address a housing crisis.

The measure would limit property purchases for investment purposes by foreigners, prioritizing homes for residents.

The proposal, inspired by similar policies in Canada and Denmark, is part of broader efforts to improve housing affordability.

Other measures include tax exemptions for affordable housing landlords, tighter tourist rental regulations, and transferring thousands of homes to public housing programs.

Details and a parliamentary timeline are pending.

top 11 comments
sorted by: hot top controversial new old
[–] dogslayeggs@lemmy.world 18 points 12 hours ago

As someone who wants to retire in Europe and be able to buy property there, I still support this. If I can't buy until I get citizenship, then fine. It isn't ideal, but I fully support ending home ownership by corporations and foreign people.

I also love the disconnect in this quote here: "Here in the UK, we also have problems with landlords buying multiple properties and driving up the rest, but this policy is losing sight of those of us who want to spend money in the country." They fully recognize how home ownership by people who don't live in the homes ruins things, but then they think spending money on food and gas totally makes up for taking away affordable shelter from the restaurant worker or gas station attendant.

[–] aviationeast@lemmy.world 33 points 16 hours ago (1 children)

Hopefully that includes any purchase by any company/llc.

[–] Skyrmir@lemmy.world 33 points 16 hours ago (1 children)

Don't worry any foreign company can just open an office in Spain so their Spanish subsidiary and ignore this tax.

[–] Tyfud@lemmy.world 5 points 12 hours ago

Yup. When we were in Portugal looking for vc funds to invest in, most of the real estate funds were owned by UAE backed investors, but had an office in PT to get around this law.

This will, unfortunately, solve few problems for Spain.

[–] homesweethomeMrL@lemmy.world 11 points 15 hours ago

Brexit pays off again!

[–] gubblebumbum@lemm.ee 1 points 16 hours ago

anything but LVT ig

[–] Magister@lemmy.world -4 points 15 hours ago (2 children)

in Canada? lol, I think here that a "foreign student" can buy a local house without paying tax, billionaires find a way to avoid it don't worry.

[–] wildbus8979@sh.itjust.works 13 points 15 hours ago* (last edited 14 hours ago)

Stop spreading lies and xenophobia. The measure is temporary and expires in 2026 but non citizens or permanent residents currently cannot purchase residential property in Canada.

https://laws-lois.justice.gc.ca/eng/acts/P-25.2/page-1.html

The real issue is investment properties and the call is coming from inside the house. Whether they be small individual investors or large corporations.

[–] Aphelion@lemm.ee 3 points 13 hours ago (1 children)

This article is about Spain, not Canada. Your personal opinion on your country's laws isn't part of this discussion.

[–] dogslayeggs@lemmy.world 3 points 12 hours ago (1 children)

The proposal, inspired by similar policies in Canada

The article doesn't talk about Canada, but OP brought up Canada so it is now part of the discussion.

[–] galaskorz@discuss.online 1 points 7 hours ago

Oh, Canada!