News: Uncertainty over house measure

The Spanish government's recent housing measures have been criticized for their lack of specificity, leading to uncertainty in the real estate sector. Key concerns include:

• Tax Increases for Foreign Buyers: Details are lacking on how the proposed tax hikes for foreign property purchasers will be implemented and which transactions will be affected.
• Tax Exemptions for Landlords: It's unclear which types of properties will qualify for the announced tax exemptions aimed at encouraging affordable rentals.
• Tourist Rental VAT Increase: The government has proposed raising the Value Added Tax (VAT) on tourist rentals, but specifics on the new rate and implementation timeline remain unspecified.
• Guarantee System for Tenants and Landlords: The structure and operation of the proposed guarantee system to protect both tenants and landlords have not been detailed.

Industry experts warn that this ambiguity could lead to legal uncertainties, potentially hindering investment and market activity. They emphasize the need for clear and detailed regulations to ensure effective implementation and to maintain confidence within the housing market