The measure announced by the Government of Spain to impose a tax of up to 100% on the value of the properties acquired by people not resident in the country from other points located outside the EU He has unleashed alarms in the international community.
Above all, after several figures have warned that other countries could also follow the example. One of the experts who has ruled in this regard has been Mike Harvey, general director of 1st Move International, who has defended that the initiative has “Sitting an important precedent.”
Although according to the figures of 2024, Spain, France, Portugal and Germany They are among the 10 main destinations of the British, the increase in prices and restrictions announced could cause them to take refuge in another area, as Harvey pointed out. “While these policies aim to address housing scarcity, they could have unwanted consequences, affecting digital nomads, retirees and international buyers that contribute to local economies,” he claimed.
“A 100% tax on foreign buyers could harm Greece’s competitiveness and economic stability. The country is already dealing with real estate pressures prohibiting new short -term rental licenses in key athens areas. Other changes could reduce the investment and affect both real estate and local economy, “explained the expert.
Finally, the tax increase “They could tighten the market, “he said,” slowing down real estate and tourism. “ “However, with the introduction of new real estate taxes for foreign buyers, this growth could be at risk. Portugal remains a main destination for the British, but the introduction of these taxes could stop that interest, affecting both the real estate and To the economy in general, “he said.
