News Spain's New Tax on Foreign Real Estate Buyers

[Elegant]

I just read an article about Spain planning to implement a 100% tax on real estate buyers from outside the EU. This seems like a big move, especially for the local housing market. I'm curious about how this will impact foreign investors and the overall real estate dynamics in Spain. Do you think this tax will help locals find affordable housing, or do you think it might deter investment in the long run? Anyone have insights or thoughts on how this could play out?

 

[RoamAway99]

This new tax could definitely shake things up. On one hand, it might cool down the market by reducing foreign competition, potentially making housing more accessible for locals. On the other hand, it could deter foreign investment, which has been a significant driver of Spain's real estate market. It's a tricky balance—do you think the government has considered the long-term economic impact, or is this more of a short-term solution to the housing crisis?