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What attracts foreigners to buy in Spain?

Recent studies of the different nationalities who buy a property in Spain have shown that the British continue to lead the ranking with 18.62%; followed by the French with 9.39%; the Germans, 7.25%; Belgians, 6.90%; Italians, 6.13%; Russians, 5.83%; Swedish, 5.83%; Chinese, 4.14% and the Norwegians with 3.74%. British 18.62% French 9.39% Germans 7.25% Belgians

Saving tax on foreign company owned property

Property tax on foreign companies that own a property in Spain to be abolished

The Spanish government is proposing to abolish a tax that is currently levied on foreign companies owning property in Spain in order to attract more investment from abroad. The tax currently stands at 3pc per annum of the company’s holdings in Spain. The change in the law, currently going though the Senate, is expected to