Re:Spain proposes 100% tax on homes bought by non-EU residents
by Retric on Tuesday January 14, 2025 @06:29PM
(#42705386)
You’re simply ignoring scale here.
Having what in practice is probably 1 in ~5,000 fewer customers has negligible impact on a housing market. That’s assuming many foreigners who would be buying a 3rd home will probably substitute longer term rentals but it’s not zero and from the perspective of customers any movement is positive here.
Having what in practice is probably 1 in ~5,000 fewer customers has negligible impact on a housing market. That’s assuming many foreigners who would be buying a 3rd home will probably substitute longer term rentals but it’s not zero and from the perspective of customers any movement is positive here.