15 January 2025, 07:58

By Sean Woolley, CEO, Cloud Nine Spain

Spanish Prime Minister Pedro Sanchez announced that they are planning to impose a tax of up to 100% on properties bought by non-EU residents to deal with the country’s housing emergency.

Brits and other non-EU buyers are worried what the implications of the proposed tax change will be.

The detail is vague on what this really means, and the divided Spanish parliament will need to agree in order to meet approval, which will be no easy feat.

We see it as a scare tactic to deflate the market, and on the ground in Marbella, it is already spooking some potential buyers.

The difficulty in making decisions based........

© LBC