Spain
European Union
It would face significant challenges, including the potential infringement of the EU freedom of capital
December 3, 2025
Don’t miss our content
SubscribeIn January 2025, the Spanish government eliminated the Golden Visa regime, effective from April. Although this was expected to affect only the real estate investment route, the elimination was total.
Meanwhile, a proposal for a special 100 per cent tax on non-EU residents for property transfers was announced. The stated objective of the measure was ‘encouraging the reduction of property prices and in this way, facilitating access to housing’. This generated months of uncertainty in foreign investment, as the tax was seen as a measure that could significantly hinder non-EU real estate investment.
After the idea seemed to have been abandoned, on 22 May 2025 the Socialist Parliamentary Group registered a Bill in the Congress of Deputies to promote affordable housing rentals. This included the proposed special tax, materialised as the State Complementary Tax on the Transfer of Real Estate to Non-Residents in the European Union (ICTBI), which would operate similarly to the existing transfer tax.
See complete article at: Step Jorunal, 3rd December 2025.
December 3, 2025
Don’t miss our content
Subscribe