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Evening Standard
Evening Standard
Vicky Shaw

Spain’s plans for property tax hike ‘will be a blow to buyers from UK’

Spain United Kingdom Cyprus Greece
(Anthony Devlin/PA) - (PA Archive)

Plans for an “extreme” hike in property taxes in Spain will be a blow to buyers from the UK and could prompt them to consider alternatives such as Cyprus and Greece, experts have said.

Measures being proposed in Spain to ease pressures on its housing situation include an up to 100% tax on properties bought by non-European Union residents.

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