I wish they would do the same in the UK as half of the flats in most residential buildings sit empty because they are just investments while people struggle to find housing. Housing should be a human right, not an investment opportunity/business.
Hi Lucy i hope they do bring some form of tax on these homes .i wish it would happen in the UK where millions of people can't afford any kind of property and millions have two or more.Many places south of Alicante are like ghost towns for large parts of the year due to properties owned by non residents and it reminds in the 60s and 70s Irish people living in England used to own properties in Ireland and it had the same effect so Lucy i hope this Tax happens in some form in the UK and Spain simply out of Fairness to ordaniary hard working people. All the Best Lucy. David 😊
Same here in the uk. No council houses anymore they’ve been sold off and they are not rebuilding so people on a low incomes don’t stand a chance of decent housing.
Very informative, in Wales we have similar issues with 2nd home or AirbandB. Higher local taxes are being implemented but not at such a high rate that possibly could come to Spain
❤something needs to be done about outsiders comming and just after getting income from holiday lets, when there are hotels and B&B❤ every holiday let is one less for propper renting
This is great for the local Spanish population. The UK has the same problems. Spanish citizens are struggling due to the rising cost of housing. This, alongside the other measure to stop new airbnb licenses is going to relieve pressure on the housing market. Foreign investors much like in London are purchasing property to park their cash in the country. Foreigners with immense purchasing power compared to the local population are buying second homes in Spain to live in for part of the year or to rent out to tourists. 20% of all home purchases last year were by foreigners. This proposed tax is for non-EU foreigners but it's a step in the right direction. The current situation is completely unsustainable and pushes working class locals further away from the dream of ever owning their own home. It's not a solution in an of itself, Spain, again like the UK, needs to build more housing. Look at what's happened to cities like Barcelona, Valencia, Alicante, and other major cities in Europe such as London or Berlin. It's a disaster.
Thanks Lucy. One thing I have noticed is the amount of empty properties particularly on the front line and off season you can tell because there are no lights on in the evening/night.I don't think its a bad thing to put off investors from wherever to stop buying them as an investment to turn into holiday rentals when you have so many who can't afford a property.Am guessing it would prove popular with voters too.
Thanks for this Lucy. Where we live (just outside Valencia) there are not many houses owned by non EU residents but there are lots of houses owned by Spanish people to use as a second home or holiday home. In August the population of many costal towns can double with people coming from inland cities like Madrid for the month. I think the government should look at a higher tax on second homes whoever owns them.
If Spanish local and national Government's invested some of the taxes they do recieve in social housing instead of lining their own pockets and wasteful projects, maybe just maybe more social housing could be made available.
A'reyt Lucy. There were plenty of empty properties and half finished homes on the way up to Relleu when I last visited up there. I imagined it was not the only place?
Hello Lucy yes Kellys ex pat services excellent . i got my house year's ago when it was a broken down wreck (running water down the walls) in fact ready for the bulldozer in fact some house did bite the dust you get the picture. a lot of Spanish have copied us now and have come back into the old town where i live they thought we where loco at first . as said in a bar one house per person not 2,3,4 which i know some have done in the past trying to cash in one house per person n that's fair
I live in Alicante and this very directly affects me as a young person trying and currently failing to get on the property ladder. The PSOE government in Spain will never do anything that would actually reduce house prices by too much, given the bulk of their 40+ year-old voters are homeowners themselves, and very interested in the value of those homes. Anyone under 35 who is left-wing voted Sumar, for all the good that did them... The end result is that homeownership has essentially become age-exclusive. The youth are never really given anything of substance, just slogans or treats like free public transport that do little to change their material conditions. Even the governments that do try and offer something, like the Valencian government offering 100% mortgages for young people, won't dare do anything that would reduce the cost of housing. Help with mortgages will just send prices even higher by adding extra demand into the system. What's needed is extra *supply* of housing, and lots of it. Spain hasn't built enough housing to absorb the increasing population since 2008.
I wish they would do the same in the UK as half of the flats in most residential buildings sit empty because they are just investments while people struggle to find housing. Housing should be a human right, not an investment opportunity/business.
Yes that’s true, many as half houses owned by corrupt foreigners.
Hi Lucy i hope they do bring some form of tax on these homes .i wish it would happen in the UK where millions of people can't afford any kind of property and millions have two or more.Many places south of Alicante are like ghost towns for large parts of the year due to properties owned by non residents and it reminds in the 60s and 70s Irish people living in England used to own properties in Ireland and it had the same effect so Lucy i hope this Tax happens in some form in the UK and Spain simply out of Fairness to ordaniary hard working people. All the Best Lucy. David 😊
Hello Lucy, very informative as usual, that problem seems to happen in another Continent too.
Always informative. Thank you. Happy Wednesday.
Same here in the uk. No council houses anymore they’ve been sold off and they are not rebuilding so people on a low incomes don’t stand a chance of decent housing.
Thanks a lot for this useful information. 🌹🌸🌹
Very informative, in Wales we have similar issues with 2nd home or AirbandB. Higher local taxes are being implemented but not at such a high rate that possibly could come to Spain
Same as where my dad is from in Scotland . Family homes bought up by investors then families have nowhere to live . Local communities die
❤something needs to be done about outsiders comming and just after getting income from holiday lets, when there are hotels and B&B❤ every holiday let is one less for propper renting
This is great for the local Spanish population. The UK has the same problems.
Spanish citizens are struggling due to the rising cost of housing. This, alongside the other measure to stop new airbnb licenses is going to relieve pressure on the housing market. Foreign investors much like in London are purchasing property to park their cash in the country. Foreigners with immense purchasing power compared to the local population are buying second homes in Spain to live in for part of the year or to rent out to tourists.
20% of all home purchases last year were by foreigners. This proposed tax is for non-EU foreigners but it's a step in the right direction. The current situation is completely unsustainable and pushes working class locals further away from the dream of ever owning their own home.
It's not a solution in an of itself, Spain, again like the UK, needs to build more housing.
Look at what's happened to cities like Barcelona, Valencia, Alicante, and other major cities in Europe such as London or Berlin. It's a disaster.
Mass immigration eats up the social housing while locals cant afford to but on the private market .
Thanks Lucy. One thing I have noticed is the amount of empty properties particularly on the front line and off season you can tell because there are no lights on in the evening/night.I don't think its a bad thing to put off investors from wherever to stop buying them as an investment to turn into holiday rentals when you have so many who can't afford a property.Am guessing it would prove popular with voters too.
Thanks for this Lucy.
Where we live (just outside Valencia) there are not many houses owned by non EU residents but there are lots of houses owned by Spanish people to use as a second home or holiday home. In August the population of many costal towns can double with people coming from inland cities like Madrid for the month.
I think the government should look at a higher tax on second homes whoever owns them.
And obviously the UK will reciprocate
I'll have to get a Caravan on Villasol
Just need to look at Edinburgh, wish they would do the 100% tax there, most of the accommodation is now air b a b, none for people needing housing
If Spanish local and national Government's invested some of the taxes they do recieve in social housing instead of lining their own pockets and wasteful projects, maybe just maybe more social housing could be made available.
Hi Lucy
A'reyt Lucy. There were plenty of empty properties and half finished homes on the way up to Relleu when I last visited up there. I imagined it was not the only place?
Hello Lucy yes Kellys ex pat services excellent . i got my house year's ago when it was a broken down wreck (running water down the walls) in fact ready for the bulldozer in fact some house did bite the dust you get the picture. a lot of Spanish have copied us now and have come back into the old town where i live they thought we where loco at first . as said in a bar one house per person not 2,3,4 which i know some have done in the past trying to cash in one house per person n that's fair
Just 28k homeless in Spain, there's 354k in England alone.
😮 seriously? wow
@ yes sadly a Google search will show you this
@@davidevans267 That's really shocked me 😪
A radical thought, the government could build more social housing. Crazy i know. 🤪
One of the 12 proposals 👍
This will not help the housing problem
It’s hard to disagree with the Spanish governments motives, but will it drive down prices I don’t think so..
Arrogant to think Spain to think they would last 5 mins without tourism
Back end of Brexit ....all coming home same in turkey they want you bk in UK the cesspit
Return the serve with a 100pc tax on all Spanish 🇪🇸 assets in the U.K.? As trump says Tariffs tariffs!
Another Brexit bonus 😅
Bye bye Spanish economy
seems simple ban Airb&b. also raise the minimum wage to make renting and buying affordable
I live in Alicante and this very directly affects me as a young person trying and currently failing to get on the property ladder.
The PSOE government in Spain will never do anything that would actually reduce house prices by too much, given the bulk of their 40+ year-old voters are homeowners themselves, and very interested in the value of those homes. Anyone under 35 who is left-wing voted Sumar, for all the good that did them... The end result is that homeownership has essentially become age-exclusive.
The youth are never really given anything of substance, just slogans or treats like free public transport that do little to change their material conditions.
Even the governments that do try and offer something, like the Valencian government offering 100% mortgages for young people, won't dare do anything that would reduce the cost of housing. Help with mortgages will just send prices even higher by adding extra demand into the system. What's needed is extra *supply* of housing, and lots of it. Spain hasn't built enough housing to absorb the increasing population since 2008.
it will never happen
the opposition party have too many votes
the ruling party will never get enough votes to get this proposal approved
True.......
That Spanish president seems to love his measures.. OF ALCOHOL going by his dumb ass proposals 😂😂🥃🥃🤪
Brexit and another nail 🇬🇧🤣🇪🇺