this post was submitted on 14 Jan 2025
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Spain has announced plans to impose a tax of up to 100% on real estate bought by non-residents from countries outside the EU, such as the UK, in an aim to tackle the country’s housing crisis.

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[–] [email protected] 2 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

If you happen to have 500k EUR you can buy your citizenship there and avoid it.

There are cheaper options out there though.

[–] [email protected] 2 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

What 500K "buys" you is residency. You will have to go through the normal citizenship application process after that if you want it.

[–] [email protected] 2 points 3 weeks ago (1 children)

You're right, I misread that. Thanks for the correction.

I wonder if they'd do something about that program, since you gotta do 500k and then a 100% tax on a property to live in?

[–] [email protected] 1 points 3 weeks ago

I went to look it up and just learned that they will be scrapping that next April.

[–] [email protected] 1 points 3 weeks ago (1 children)

Can I buy a house with that? Or is that literally just the cost of the citizenship

[–] [email protected] 2 points 3 weeks ago

I'm not sure, but someone else said the program is being scrapped in April.