Brexit has been blamed for ruining Brits’ plans to move to Spain.
plans to move to have been ruined, with the blame placed on after Prime Minister Pedro Sanchez announced plans to ban property purchases from outside the .
“We will propose to ban these non-EU foreigners who are not residents, and their relatives, from buying houses in our country since they only do so to speculate,” Mr said, in a move to get a grip on the spiralling housing prices in Spain.
Mr Sanchez revealed that non-EU residents represent about 27,000 of almost 700,000 homes bought and sold annually in Spain, with British buyers leading the way with nearly 10%.
Now, a group that supports Brits in Spain has revealed that the UK’s withdrawal from the EU is to blame for foiling their hopes of moving to warmer climates.
“Many British nationals on lower incomes, who had hopes of retirement on the Costas, have already had their dreams shattered [by ],” Sue Wilson, head of Bremain in Spain which has 6,000 members, told .
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Mr Sanchez has proposed to ban non-EU foreigners who are not residents from buying houses.
“These new measures – assuming they are passed by parliament – will only add to the barriers we face in Europe as non-EU citizens.”
Last year, tens of thousands of locals in many tourist hotspots across the country – from to Malaga and the Canary and Balearic Islands – took to the streets on several occasions last year to the current model and demand the government take action to halt the growing affordable housing crisis.
Tens of thousands in Barcelona protested in November over the of renting an apartment in an area that has become such a popular tourist destination. They held signs reading: “Fewer apartments for investing and more homes for living”.
Currently, landlords in Spain are opting to for short-term rentals to tourists over long-term rentals to locals because they can generate more income.
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Tens of thousands in Barcelona protested in November over the increasing prices of renting.
However, the Spanish government is working to limit short-term rentals. Tourism Minister Jordi Hereu recently said that the Spanish government is , citing progress in setting rules and limits on the supply of tourist rental accommodation.
Many of the southern European country’s top destinations have taken action against short-term rentals, such as , which plans to shut down all such accommodations, like , by 2028 to protect locals from rising housing costs.
On January 13, Mr Sanchez unveiled a proposal that would see property taxes for non-EU citizens in Spain be equivalent to 100% of the value of a home.
“In 2023 alone, non-residents from outside the bought 27,000 houses and flats. Not to live in them, but mainly to speculate,” he said. “To make money out of them. Something that, in the context of the shortages we are experiencing, we cannot afford’.”