Spain has proposed a 100% tax on property purchases by non-EU citizens, raising concerns among experts.
Analysts believe that such a measure could negatively impact the real estate market and investment, particularly for Britons, who are active buyers of property in Europe.
Countries like France, Greece, and Portugal are already taking steps to combat overtourism and rising rental prices, including restrictions on short-term rentals and the phase-out of “golden visa” programs. However, introducing such a high tax could reduce the attractiveness of these markets for foreign investors, affecting both the economy and tourism.
Experts predict that Britons may shift their focus to other countries for investment and relocation, including the USA, Australia, the UAE, Canada, and Cyprus, which appeals with tax benefits and a high quality of life.
