Spain's Prime Minister, Pedro Sánchez, has announced plans to impose a 100% tax proposal on property purchases by non-EU residents as part of the Plan de Vivienda 2026-2030. This bold proposal has set the real estate market ablaze with speculation and uncertainty.
In this video, we break down what this announcement could mean for non-EU buyers, the Costa del Sol property market, and Spain's economy. We’ll cover key points like:
• Impact on new developments and resale properties
• How regional taxes like VAT and ITP might change
• Why this proposal is sparking controversy among buyers and industry leaders
With limited details from Sánchez’s announcement, we aim to provide clarity, context, and expert insights into this developing story. Plus, we share tips for buyers wondering how to navigate the potential changes.
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💬 Drop your comments and questions below—let us know your thoughts on this game-changing proposal!
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