Spain to end golden visas that grant residency to foreigners who buy a €500,000 home. “We do not want a speculative investment model with housing”
by rolmos
Spain to end golden visas that grant residency to foreigners who buy a €500,000 home. “We do not want a speculative investment model with housing”
by rolmos
2 comments
pues la verdad no suelo estar a favor de las últimas leyes y políticas que ha implementado pero a esta no le veo ni un solo problema.
Average salary Spain 25k.
Mortgage 4.5 x salary = 112.5k
Deposit 20% = 22,500
Transfer tax 10% = 12,250.
Legal fees = 1125
Notary = 550.
Don’t think foreigners buying 500k+ houses, then paying spains extortionate taxes afterwards, are the source of the problems here. Most Spanish employees pay less in tax than they consume in services, high earners and foreign investment are a net positive to the economy. They’re not using the health service, the schools, or claiming government assistance etc.
Build more social/affordable housing, everyone is taxed to death, there should be money for it.