TV-PRESENTER and property skilled Laura Hamilton defined in an Instagram submit why she thinks it’s nonetheless a good suggestion to purchase a property in Spain, regardless of rising opposition in opposition to foreigners doing precisely that.
Locals concern that the inflow of non-EU consumers will drive up costs and deplete the housing inventory out there to them.
Now a proposed property tax by PM Pedro Sanchez might imply a rise of 100% on the present tax fee for anybody shopping for from outdoors the EU.
The announcement has shaken up the Spanish real-estate trade, however Hamilton doesn’t suppose something will occur.
“It’s a part of a 12-point plan geared toward tackling Spain’s housing disaster, however it’s removed from being legislation,” she mentioned.
“Pedro Sanchez additionally leads a minority authorities, on prime of that, all 17 autonomous areas have the facility to set their very own buy switch tax, getting all of them to agree may be very unlikely.”
“Non-EU consumers solely make up 3% of all residence purchases in Spain, so concentrating on these consumers is not going to clear up the present housing disaster,” Hamilton defined.
Hamilton then argued that those that despise tourism from the UK are within the minority, regardless of vocal protests in current months.
“The vast majority of locals need guests and international funding. Tourism is important, and welcomed,” she continued in an optimistic tone.
Hamilton herself has a house in Pollenca, Mallorca that she’s at present renovating.
