NEW 100% PURCHASE PRICE TAX???
There has been a lot of news lately with regard to purchasing property in Spain by non-EU residents.
Let’s dig in and clear some things up. There is NOT a 100% purchase tax for non-eu citizens. The prime minister of Spain has proposed a possible tax for non-EU real estate buyers but it is NOT law and therefore is not being enforced.
With all of that said, it is possible it could be put into law but this is a long process because as we all know the government (all governments) are not very good at implementing anything. There are many levels of government that would need to approve such a dramatic change.
The good news: Currently it is business as usual. Even if at some future date this becomes law, and you have bought or buy now you can avoid this tax because you would already be a property owner. (Your own slice of Spanish Paradise)
If you are an EU citizen, this will not affect you even if implemented.
The moral of the story:
If you want to own a property in Spain, there has never been a better time to buy!
Meet the Team
At HomeEspaña New homes we understand that searching for a new build property should be an exciting journey, not a daunting task. Start your adventure with us, and our dedicated team is ready to assist you every step of the way. Explore your new build property dream with confidence, convenience, and affordability.
Our commitment extends beyond just listings – we provide expert guidance, local market insights, financing assistance, legal support, and an unbeatable aftersales service ensuring that your property journey is smooth and stress-free.
Our commitment extends beyond just listings – we provide expert guidance, local market insights, financing assistance, legal support, and an unbeatable aftersales service ensuring that your property journey is smooth and stress-free.
Clare Johnston
New Homes Director
Geert Scholten
Sales Executive
