Spanish prime minister set to ban Brits from buying second homes in Spain
https://www.thenational.scot/news/24871622.pedro-sanchez-set-ban-brits-buying-second-homes-spain/
Posted by 1DarkStarryNight
Spanish prime minister set to ban Brits from buying second homes in Spain
https://www.thenational.scot/news/24871622.pedro-sanchez-set-ban-brits-buying-second-homes-spain/
Posted by 1DarkStarryNight
29 Comments
Honestly good for Spain, we should do the same for foreign nationals too.
People will just buy them in Portugal or Greece instead.
I’ll be honest I always liked the idea of owning a second home in Europe when I get older as our winters are miserable. With this country going down the toilet and this option being taken away from our generation I think a permanent move abroad is looking more appealing.
Without opening the article, I’m gonna bet this is a ban that applies to all non-EU citizens, which The National is branding as a Brit ban
[removed]
All non-EU citizens. Brits aren’t being singled out.
Good. All countries should restrict property-ownership to citizens.
Good we should give the poor EU less of our money anyway.
Is the pm forgetting that one of the largest export items of Spain is houses and flats?
I remember reading that they were considering putting a 100% stamp duty charge on property purchases for non-EU buyers, and I was thinking we really should be doing the same thing.
> SPANISH prime minister Pedro Sanchez is planning to stop people from the UK buying second homes in the country in a bid to address a housing crisis.
This headline is disingenuous and shows once again how the media is pushing an anti-EU and anti-EU partners agenda.
It makes it sound like Spain is targeting the UK specifically, but in reality it’s targeting all non-EU nationals.
We should be doing the same. 100% duty on the property value (not sold price) upon purchase.
Grandma won’t be able to watch “a place in the sun” at 2pm anymore.
Inflammatory misinformation title: banning all non-europeans.
Headline:
>SPANISH prime minister Pedro Sanchez is planning to stop people from the UK buying second homes in the country in a bid to address a housing crisis.
Actually in the first sentence:
>The announcement to prevent people outside the EU from buying housing in Spain unless they reside in the country follows his proposal last week to put a tax of up to 100% on such property deals.
So lets judge the title and headline shall we:
1. It’s not a ban
2. It’s not targeted at Brits
3. It’s not targeted at “second homes”
The only thing they got right is the fact it’s the Spanish Prime Minister and it’s a policy on housing. 25% is a fail, the National Scot.
More importantly, GOOD FOR THEM. We should do the same. I’ve long said we need to tax empty homes and 2nd homes out of existence (with reasonably protections for probate, etc). Housing should be for people to live in first and foremost, not an investment vehicle.
Fair enough. People shouldn’t have second homes here either.
End of an era. Should be interesting to see what happens to people who wanted to retire to spain
I was right behind the extra tax thing (despite backlash from the far right on this sub) but this seems a step too far.
Isn’t second home buying by British expats in soulless copy-paste complexes on the Spanish costas an enormous source of income for the Spanish economy?
thats fair, dont think any country should let foreign nationals own more than one retail property in a country.
* “*Sanchez is attempting to address anger in Spain over soaring property prices and a lack of housing. In Madrid, rents have risen around 60% in the last decade.*”
* “*Sanchez said* ***non-residents from outside the EU bought around 27,000 houses and apartments in Spain in 2023.***”
* “*people from the UK led the way for foreign property buyers in 2023 with* ***9.5% of the total transactions*** *by non-Spaniards.*”
* “*Last year, Spain announced that it was scrapping its Golden Visa scheme that allows wealthy people from outside the EU to obtain residency permits by investing more than half a million euros in real estate.*”
* The Golden Visa scheme began in 2013 and will end in April 2025.
9.5% of 27,000 is 2565, is it not? I’m afraid Brits aren’t to blame; I know some of you are chomping at the bit to showcase your self-loathing.
There was a similar headline the other week and I hate how it’s worded.
The headline makes out Brits are being targeted. The actual reality is it affects none EU residents who don’t live in Spain.
Had we been inside the EU, it wouldn’t affect us.
Those who reside there now, won’t be affected
Can’t wait for Wales to follow suit and ban those from England from buying second homes here in Wales
Good, you should remain living where you were born, the UK is a safe country.
The headline post here is not the full picture. The Spanish PM is basically proposing a complete ban on anybody outside the EU from buying any property in Spain. Brilliant idea but if you saw this as a knee jerk response to Brits who bought around 27000 houses in Spain, not so much. The question really is how many foreign buyers have snapped up homes and what proportion is actually something locals would buy.
UK has been far too generous in allowing builders to market new builds to China and Middle East and that really needs to stop. There is no point hitting the current government’s target of house building ( I think it isn’t feasible but let’s see) if 50% of it is sold overseas. So many of the new builds are marketed as investments overseas at prices that is unaffordable locally in UK and has the double whammy effect of inflating house prices and pricing out FTBs.
Can we stop them buying them here too. No one is fucking holidaying in my council estate so why the sudden proliferation of air BnB.
Because it’s fucking naked exploitation. Buy the houses, kick out tennants. Tennants need emergency housing quickly and short term while we try to hold our lives together. Turn the properties to short term lets and rent the houses back at 5x monthly cost.
It’s parasite behaviour.
Any brit under 30 is thinking ‘bitch i’d like a first house before dreaming of a second one in Spain’.
Imagine voting for brexit and you cant go and settle in Spain now. The irony.
Should be banned from buying second homes in the UK as well. Fucking holiday homes and evil bastard landlords are making houses far too expensive to own or even rent.
This is great news for Spain. A relief for the locals.
Should also ban councils from buying property in areas outside their own boundaries to prevent them shifting their housing lists around the country