Spain's Holiday Home Tax: A Drama Unfolding
UK News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Spains proposed 100% tax on non-EU holiday home buyers, particularly targeting British expats, aimed to cool the housing market and boost local access. However, the plan sparked global outrage, protests, and political opposition, leading to its stalling in parliament. Despite the proposal, foreign buyers, including Brits, remained active in the market, with no significant change in numbers. As elections approach and the IMF pushes for increased housing supply, the tax drama may not yield substantial results.
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