Spanish Prime Minister Pedro Sanchez introduced measures to address the housing shortage, notably considering a 100 percent tax on real estate purchases by non-EU nationals. This would make it significantly more difficult for foreigners to buy secondary or investment properties in Spain. The proposed policies target non-residents, leaving foreigners already living in Spain unaffected. Meanwhile, there are speculations regarding France and Portugal potentially implementing similar restrictions due to their own housing crises, particularly in urban areas like Paris, which has seen notable population decline and rising property costs due to gentrification.
Sanchez has floated the idea of a tax of 100 percent of the property's value - making buying a second home, holiday home or investment property financially unviable for most.
Although it's not the case everywhere, there are areas of France that have quite severe housing shortages - especially the big cities, with Paris facing the worst problems.
For several years the industry has been referring to a crise de l'immobilier (real estate crisis) with a particular problem the major slowdown in the building of new homes.
Paris has its own issues, with gentrification pricing an increasing number of people out of the market - the population of the city has shrunk by 140,000 over the past 10 years.
Collection
[
|
...
]