By chance I came across this recent rise in tax on Spanish property in a couple of regions of Spain and implications for sellers, with a comment from Mark, is this generally known? Spain seem intent on stifling it’s property market 😯 🙄
The link is working for me, I agree with your comments on this about sellers may have to reduce 2% to cover the increased tax that buyers will have to pay. I doubt that many will in reality, not on top of overall reductions already, it is another hit for buyers though 🙄
well those 2 regions have sizable debts, and the transfer tax is set by regional governments…. Shame though, I would have hoped the catalans would have had more ‘savvy’.
Still 8% in Andalucia up to 400k though.!
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