101–110 of 282 posts
Earlier quoted context omitted.
It's not trivial to set up a business as a non-eu citizien. As far as I know every EU business has to have an eu citizen representative. Additionally, a company owned property can't just be used privately.
>As far as I know every EU business has to have an eu citizen representative You can't hire a nominee director? >Additionally, a company owned property can't just be used privately. They can't "rent" it back to the owner?
so is there any actual evidence that foreign home ownership is causing meaningful housing price inflation in Spain? or is this just uninformed pandering like it is in the US
Just tax land value.
How do you calculate the unimproved land value? This is an interesting question with the fires in LA right now. Is the land still as valuable as it was before the house burned down, minus the rebuild cost of the house? Or is the value intrinsically tied to the community that was there but no longer is? Or is the value actually higher now that a developer can come in and remake an entire neighborhood?
Advantage of Spain is that it has good climate, prices are not high and it is lawful country. As soon as you trip this last one, it is the same like some 3rd world country.
so is there any actual evidence that foreign home ownership is causing meaningful housing price inflation in Spain? or is this just uninformed pandering like it is in the US
What's causing it in the US?
This would cause the demand for building materials to skyrocket as billions of people can enter the market to purchase lumber, steel, and energy who 10 years ago couldn't.
Earlier quoted context omitted.
It’s always supply. It’s fair to criticize foreign ownership/hedge funds purchasing homes, but the overwhelming reason is that we are not building enough.
Sure, but it's one thing to not be building enough for people to live in, and another thing to not be building enough for people to keep empty flats as speculation vehicles.
so is there any actual evidence that foreign home ownership is causing meaningful housing price inflation in Spain? or is this just uninformed pandering like it is in the US
For the last years we’ve had 500K immigrants coming every year. That’s what’s causing inflation.
This will undoubtedly make some brexiteers very unhappy.
Anything to stop a non-EU resident owning an EU company that owns a Spanish home?
It's not trivial to set up a business as a non-eu citizien. As far as I know every EU business has to have an eu citizen representative. Additionally, a company owned property can't just be used privately.
Not at all true, infact it's becoming the exception rather than the rule, look at; Estonia, Ireland, Netherlands, Cyprus, Bulgaria, Hungary.
Even in Germany I think it's beginning to become possible.
>Additionally, a company owned property can't just be used privately.
Um yes, the company rents it out?