Understanding Spain’s Shocking New Tax Announcement for Non-EU Property Buyers
Last week, Spanish Prime Minister Pedro Sanchez made a headline-grabbing announcement that has sent shockwaves through the property market: a potential 100% tax increase for non-EU buyers.
At Target Property Spain, we’ve been inundated with questions from clients wondering what this means for their plans to buy a property in Spain. That’s why in this episode of Unfiltered Opinions, we break it all down:
- What exactly was announced—and what remains unclear
- The two main theories behind the tax changes
- How this could impact property prices, rental markets, and expat buyers
- Why this announcement might be more about politics than solving Spain’s housing crisis
Our advice? Don’t panic. Spanish bureaucracy often moves at a glacial pace, and it’s far from certain that this announcement will lead to real change anytime soon. But if you’re thinking about buying, now might be the time to act.
? Watch the full video above to get all the insights from Keith and stay informed about the latest market updates.
? Have questions or want to discuss your property plans? Get in touch with us today—we’re here to help.
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