Shorouk Express Spain’s leftist government said Monday it had fined Airbnb more than €64 million ($75 million), notably for posting listings for banned rental properties, at a time the country faces a housing crisis. The fine is final, the consumer affairs ministry said in a statement, adding the US holiday-rental giant must “correct the violations…
Shorouk Express New property market figures have laid bare just how difficult it has become for younger people in Spain to fly the nest and move into their own home. According to data from the Federation of Real Estate Agencies (FAI), only a quarter of homes in Spain in 2024 were bought by young people…
Shorouk Express The Republican Left of Catalonia party Esquerra Republicana (ERC) is to propose a new bill in Congress this Tuesday to introduce a new tax for owners of several properties in Spain. ERC’s proposal is an extra tax on accumulation of residential real estate, applicable from the third property onwards. This means it will increase…
Shorouk Express Despite efforts by the Spanish government to dissuade some foreigners from purchasing property in Spain with restrictive legislation, overseas buyers from certain countries are continuing to buy homes here at record rates and prices. Whether it be the scrapping of the golden visa scheme, a possible supertax on non-resident non-EU property buyers or…
Shorouk Express Amid government attempts to restrict property purchases by some non-resident foreigners in Spain, new data reveals that non-Spanish nationals who don’t live in the country accounted for 8 percent of total property purchases in 2024. Non-resident foreigners bought almost 8 percent of properties in Spain in 2024, new data from Spain’s Ministry of…
