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.

  • @guillem@aussie.zone
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    17 hours ago

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

    • 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?