Celebrity a listers will not be exempt from spain's controversial proberty tax, throughing any dreams of buying a property there in doubt.
Nicole Kidman, Michael Douglas and Kylie Jenner are just some of the famous faces who love to holiday on the beautiful island. Kidman even fell in love with the island while filmed there two years ago, accounting to reports.
Last year to cruise sent the rumour mill into overdrive with reports that he was playing on purchasing a Majorcan Property.
However, even if cruise wanted to, the likelihood of mega-stars began to be able to buy on the “Slim” thanks to plans by the spanish government.
The new tax aims to discourage nationals from Countries Outside the European Union from Buying a Property there.
“The chances of these people became a spanish resident and as they can be able to be will be affected by the proposed tax. Expert Told Bulletin Online.
Spain has long bee a popular destination for holiday home buyers trying to build a new life in a sunnier climate.
Although many people doubt that the tax will every time a reality, it will be raised in connection with non-european union residents who want to buy property in spain.
The two biggest nationalities it will affection is the british and the American – who is the biggest buyers of spanish property.
Spanish Prime Minister, Pedro Sanchez, Announced the “unprecedented” tax in an attempt to get a grip on the housing crisis in spain.
The reform would go charge non-eu Citizens who are not resident in the country a 100% tax when buying property.
Mr Sanchez Said: “in 2023 Alone Non-Residents from Outside the EU Purchased 27,000 Houses and Flats, not to Live in Them to Speculate, to Earn Money Withy, That The context of the problems Many people are experiencing is something we can get permit. “
Property Prices had increased by 48% in the past decade in Europe, He added.