Renewed legislative efforts in Spain are targeting foreign property buyers, particularly those from non-EU countries. The government's recent proposal includes a 100% tax increase for non-resident buyers and a requirement for foreign residents to prove five years of legal residence to purchase property. These initiatives follow the scrapping of the golden visa program and are seen as measures to curb speculation by foreign investors. The Catalan parliamentary debate will further scrutinize these proposals aiming to regulate foreign ownership of real estate.
The proposed law would require foreign residents to obtain a permit to purchase property in Catalonia if they haven't legally resided in Spain for five years.
Pedro Sanchez’s government scrapped the golden visa scheme and is now considering a 100% tax on property purchases made by non-EU non-residents.
Collection
[
|
...
]