T W A U ... The Chase....from...
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//Announcing the move, Prime Minister Pedro Sánchez said the "unprecedented" measure was necessary to meet the country's housing emergency.
"The West faces a decisive challenge: To not become a society divided into two classes, the rich landlords and poor tenants," he said.
Non-EU residents bought 27,000 properties in Spain in 2023, he told an economic forum in Madrid, "not to live in" but "to make money from them".//
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Foreign residents, foreign landlords or tourist tenants, foreigners are a major factor in the country's economy and all are spending their money in Spain, so is Spain shooting itself in the foot with this ill-considered initiative that can only encourage new buyers to spend their money elsewhere?
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Any reaction yet from the Moroccans, Colombians, Venezuelans or even the Chinese?
There are 206k Spaniards here.....time for some extra tax on them, Keir and Rachy....
Their choice, but unlikely to help the tourist industry. Have to wait & see how that pans out for them.
If it gets applied to residents, well there must be better ways to discourage immigration; besides it'd be those of either no fixed abode or so poor they're a drain on the economy they ought to be more concerned with.
Boris did the best possible given the EU demands and reluctance to be reasonable. Any present issues are down to governments since failing to state how unworkable it is, how it causes problems for the economy in order to trigger proper renegotions and an amended agreement (or alternatively a scrapping of the present one, despite the late hour).
Actually I dont have too much of a problem with the idea of it, we have similar problems her in the UK.
If you are a resident then fine but if you dont live in it then it creates ghost villages and all local amenities start closing plus the locals can no longer afford to live there.
IMHO I think Spains biggest problem are the air-b-n-b's. These take business from the Tourist industry(often avoiding taxes too) and are in residential areas totally unsuitable for tourists and drive locals out. They should be banned apart from in designated areas and also classed as Hotels and have all the appropiate taxes and regulations on them.
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