@@edwardoleyba3075 In Crete and a few other islands there are metal rods protruding skywards from the top floor for the construction of another apartment on top for an unmarried son or daughter... one day... not yet... If the building work isn't complete, there's little or no tax to pay!
The problem of emancipation has more to do with the inability to get a mortgage because of “temporary” contracts. The whole contract system needs reform.
To get a mortgage you have to have at least 25% or more of the appraised price and saving those amounts is very difficult or takes a long time. The usual thing in many European countries is to resort to flats or apartments for rent. An alternative that doesn't require a very high initial outlay.
The whole contract system existed in minor form as far back as the mid 1990's but when the meltdown of 2008 happened, businesses took full advantage of contracting work out and never looked back. The notion of a job for life is almost impossible to find now because the majority of companies see employees as 'tools' with no thought for the toll of that 'tool's' existence should they decide to toss it in the bin. Now businesses have the gall to complain that workers don't show loyalty to the company and just leave as soon as they find something better. The irony.
@@moltderenou Whether it's with grants or building apartments, the money always comes out of taxes. I believe that the state does not have to dedicate itself to constructing buildings if through serious regulation it avoids excesses and achieves what is intended.
My observation from 40+ years working in various companies and sectors of the (US) economy is that there is a difference between a “boss” and “leader.” Leaders listen and support and motivate through clear communication of priorities and goals. Bosses tell people what to do. The idea of a boss is someone who thinks employees are not actually working unless they can see them (literally) doing something and can directly tell them to stop doing something and start doing something else. This is especially true if the employee is an hourly/wage worker. This leads to a lot of “busy work” or “make work”, whose only purpose is to appear to be busy doing something. A really dysfunctional management culture makes this even worse. $0.02
Peter West asking you to block certain named people because he thinks they are offensive/abusive is ‘rich’ coming from him! Yesterday I replied to a post re the ‘Brits leaving in droves’ according to a U.K. paper. I gave my opinion as to why and who may take their place eg Scandinavians, Russians and Americans. We got into a conversation where he ended ‘calling me stupid’ and that I didn’t know what I was talking about! So if you’re going to block people, maybe he should be added to the list.
That is quite different from people who seem to on here who look for any excuse to bash the English/UK/ Brexit. They are extremely prejudiced and Anglophobic.
Don't worry about it, had the same from said West. The chappy is as intellectually challenged as Herrs Farage, Johnson and the rest of the Junta in the British Isles.
@@derekbland5253 This sums up your position: You can call the EU a dictatorship and a corrupt gang, and those of us who face that position, you have called us Euro-fanatics pin-up boys, and call my opinion "utter rubbish". On the other hand, I have not called the UK anything, I have not even insulted you. All that can be read right here, in the comments of this channel, in this video. Still, you are asking me to ban for insults and for being Anglophobic ... Aren't you being a little childish? That being able to criticize without being criticized is not smart people ... And not to mention Peter, he is the king of direct insults and the first to complain.
Thanks Stuart, The conflict between free for all economics and a government controlled housing .market is a difficult balancing act i wish Sanchez luck. A home is the bedrock of society and on the other hand the market has no conscience. 😊
@@colinbrigham8253 I'm not British and have never been to Britain so I don't care about it's politics, but 1 thing is clear to me: remoaners are a permanently salty bunch of stuck records.
@@WinstonSmith1984 well Winston let me educate you ,😊 the johnson conservative governent has ...put millions of Working people into poverty by removing finacial support ,has increased tax on working people, increased corporation tax, decimated the the fishing industry, the hospitality industry and is about to ruin our farming industry to name but some.iT is getting more like Oewells 1984 is it not Winston Smith😅
Private property is private and therefore owned by a person. No on one has the right to enter or take control of these without owners permission, many lawyers will now be involved 🤔🙈🤦🏻
@@WinstonSmith1984 Taxation is not unique to this law, is something that is already happening, fortunately. Taxing rich people with 10 houses or more is nothing but but good news for 98% of the population. And fair and appropiate considering the way most of the european countries decided to be managed.
Gerald, nice comment in a perfect world but are you not aware of the big problem of Okupas (Squatters) Spain has. If the Gobierno of PSOE/ Podemos is to implement this new housing law, then the very least must clamp down on Okupas and local mafia that are paid €€ to patada en la puerta (kick the door down). It's getting a daily occurrence watching this on TV and affects lives of many hard working people who have merely gone away for a short vacation, not just overseas holiday homes. I think this subject matter has been raised in a previous video and looking forward to some law change
Iv been in Spain looking for nice quiet place to live on Costa Blanca can’t believe how cheap and what deals you can get for straight cash though bank it’s a buyers market the Russians are snapping things up quickly again history repeat its self ..it’s just other tax to pay should not scare people in buying great information and top site 🎥
The City of Vienna is the largest Landlord in Vienna and I think in the whole of Europe. Rents are limited, and the City maintains the Apartments well. This goes back more than a century. Stable affordable housing helps Austria succeed economically.
PS stated that there are jobs in Spain yet this is happening in October 2021..Also prices to Alicante have increased... The union for train drivers and railway assistants (Semaf), which represents 85% of train drivers working across Spain announced the strikes on Tuesday afternoon. The move is likely to cause travel chaos for thousands planning to travel during the puente weekend which combines the “El Pilar” festivities and Spain’s National Day on October 12th. The union has called the strikes over job losses, working conditions and organisational changes in the transport sector.... Regards Tony (cuenca)
They should do the same in the UK. According to the Pandora papers there are billions and billions funnelled from tax havens into UK properties. They are most likely vacant paying no taxes and contributing nothing to society. Real estate is an asset class but above that it’s a dwelling for humans. It has a utility and a purpose for society. Imagine if suddenly insulin is seen as a convenient and “tax-efficient” asset class. Billions will be parked there doing nothing and millions of people will die and suffer. It’s not much different
I’m not a leftist or anything but from what I read it only applies to people who own 10 properties so if you own 1 or 2 I don’t think ot affects you. Correct me if I’m wrong I won’t get offended.
I, as others, would lose all military benefits if we gave up our US citizenship. Plus, giving up your birth country is not a subject to be so cavalier about. And on another subject, people in their thirties are considered 'youth'? Aren't most married and have children by then? At what age are you considered an adult?
In Spain it’s fluid, many adults love living at home as many pay no rent to parents and have a live in maid, some of my acquaintances still live at home upwards of 35
Why does/did it need the British to leave to allow the Scandinavians to purchase in Spain. We’re they not allowed to or has the climate changed in Scandinavia recently for the people to now need to purchase in Spain?
If empty flats/houses are taxed . this will push many onto the market as the owners will not wish to pay tax just to keep a property empty . At very least it will help to solve any housing shortages
I have some concerns about the cap on rents in Spain and the penalty for having vacant units . My concern is that actions such as this effect capital growth and income all at the same time. It seems to me that the responsibility for the provision of social housing is being transferred in part to the individual property owner . In my view the government should be providing social housing in a bigger way so that everyone gets access to decent housing. Spain seems to have a big problem here and it should look hard at the question.Rent controls are not the answer in my opinion.
Why own 4 empty houses and 1 to live in?? There are 100.000+ objects empty and not for rent... Why? Investment?! Next year (22) prices will collapse, predict experts. An empty house 'rots' away. I am cautiously in favor!
The average price of property in Stockholm is 4.85 times the average price of property in Alicante. So Swedes can remortgage fairly easily to buy a second home in the sun.
Thanks for well produced videos. Here in the citadel of capitalism and the market economy most major US cities have some form of "rent control" and it doesn't impact private property and its ownership. So boo to the center right for politicising a fairly simple policy - control rent prices.
I have to say in Spain if you have a property you pay IBI many British people knows indeed , it is not too much money , I can't see no problem if you have a property here and you are spending the time you consider enough , or you are living a part of the year in UK is your right , im afraid this government don't know which is the good path , however I think they say some nonsense that should not be taken into account, It must be for people who have many properties , then they are the first in the list ....seriously in Spain the tax over properties is rather low , heritage at least in Madrid are zero , surely Spain is the country with the lower taxes relative to nominal GDP salary per person , and what can I say you all don't know after years living here , be honest , Stuart you always have an impact on everything negative don’t read El Pais guy , I know other countries not too far away where you only can work not live , regards to all British community in Spain , don't be scared of anything , respect the healthcare even the illegals have free, aquí mucho bla bla bla .....luego nada amigos , soy un jubilado y me solidarizo con uds que han optado por vivir aquí Saludos
Inflation is a direct result of money printing (what the government does to hand out all that "free" money), and rising wages are a direct result of inflation.
Hola Stuart muchas gracias por el vídeo if empty property is going to be taxed surely it will deter investment in property development.mr Sanchez is giving money away like its going out of fashion.somebody will have to pay for it ultimately.tenga un buen día muchas gracias
Thanks Stuart, Not sure if putting a tax on empty property is an answer to housing issues. It will drive prices up as people will try and sell up. The Daily mirror’s British leaving in droves is sensational headline, the problem with this is that people follow like sheep. Because people may be doing this, we should do it to. People who have holiday homes still contribute to the Spanish economy. Interesting times
Another update from Catalonia- More taxes to pay for car CO2 emissions, admirable yes, but China, India and Brazil do nothing. 23 out of 25 worst pollution cities in the world are in China, go figure 🤔 my annual cost on top of the annual municipal car tax of 88€ will be an additional 39.90€ Cigarettes have just gone up last week, petrol keeps going up, food and utilities going up despite a gas and electric fall to 10% from 21% until end of year. Looks like we are being taxed out of existence. Panama papers though, proof of the elite avoiding taxes and possible tax scams etc, 😡👎
The Chinese Communist Party are laughing their heads off at the naivety of the west. In the Paris Climate Agreement, their pledge was to reach peak CO2 emissions by 2030 which means not more than their prediction of what it would be by 2030, which means effectively change nothing. What a scam and western leaders (except for a certain orange one) fell for it. And b.t.w., all prices go up because of government money printing for all those "free" things. That's inflation.
India and Brazil have very low per capita CO2 emissions, much lower than any western nation. China’s per capita emissions are marginally higher than some western countries mostly thanks to manufacturing consumer products for the western world. However still less than half of the US’s per capita emissions! China is doing something, most major cities mandate that all taxis are fully electric. Pointing the finger at these countries makes little sense!
Coal fired power plants as of 2021. China 1,082, India 281, USA 252, Spain 6, UK 2. Brazil cutting down rain forest at 11 football size pitches per day. 🤔 say no more! 🤔🤦🏻
@@geraldryan8562 and yet lower per capita CO2 emissions than most western countries! Also let’s ignore the fact that China and India between the contain nearly half the world’s population!
I don't know what it means for Brits, you would have to look closely at British law. ... but I'm a U.S. citizen, resident in Spain. I was told by the U.S. Consulate that it doesn't matter to the U.S. if I were to acquire Spanish citizenship. They said, until I come to an embassy, hand over my passport and sign papers renouncing my U.S. citizenship, then as far as the U.S. is concerned. I'm a citizen. What would change, if I were to also get Spanish citizenship is how Spain sees me. They would no longer look at me as a U.S. citizen (even though I would retain that citizenship) ... but would view me as a Spanish citizen, and I would be treated as such (with the pluses and minuses that might come along with that).
This new housing law will only make the rich richer... A cap on rents should have been at 150€ a month therefore most people could rent somewhere.... Regards Tony (cuenca)
On Oct. 4, the European Medicines Agency (EMA) published the following information on booster shots: An extra dose of the COVID-19 vaccine Corminaty may be given to a patient with a severely weakened immune system, i.e. after organ transplant. Although there is no direct evidence that the ability to produce antibodies in these patients protect against COVID-19, it is expected that the extra dose would increase protection at least in some patients. The risk of inflammatory heart conditions or other very rare side effects after a booster is not known.
Hi Stuart, here in Menorca i see many buildings of 1 or 2 floor apartments with only 1 of the apartments occupied with the other left empty only with the super structure complete, now i was told that in this way the owners do not pay the tax either fully or in part for that building. Can you shed any light on this ???
Thou shalt not steal Thou shalt not covet your neighbors goods..thats all I can say about the government taking away property rights..seems like your pets are getting more rights
Brilliant social Laws to help young people afford a home of their own. State owned housing in Austria helps their economy selling it all off in the U.K. in Thatchers time has caused homelessness here
You do not have to give up your British citizenship Spain should deal with the endemic issue of squatters ruling the roost before trying to sort other housing issues.
Does this mean that foreigners from 3rd countries who are subject to the 90/180 rule will have to pay tax on their Spanish vill-ur while they are home in UK (assuming they don't rent it out for that period)?
@@moltderenou I'm talking about the new taxes on empty houses announced today. Not IBI, which, of course, you pay all year, regardless. The new tax is a "if you're rich enough to own more than one home, we're going to squeeze you either to rent it out for peanuts or we'll tax you for leaving it empty" - just announced this week.
Public housing: there should be a "last resort" for those who need a place to sleep. 250 Euros for young people: 250 euros is not enough to afford rent on one's own in Spain. Period. This strikes me as little more than a discount coupon for those better off, while poorer people won't get enough to strike out on their own. Price cap laws: mixed; these have been tried before in New York, Paris, London, Hong Kong, and elsewhere, and by themselves, they don't solve the problem of not enough supply. Civil servant pay raise: Their wages should rise with inflation too. Animals: I wonder, if I move to Spain, what this will mean for my cat. Police being armed: In America, police have guns because there are 300 million guns on the streets. They easily argue (and win) that they need protection too. During the Wild West years, Billy the Kid killed two officers at once because he carried better hardware than the cops did. Getting Spanish citizenship is long. 10 years of accepted/recognized residence and you might cough up your previous citizenship unless you were born in a former colony of Spain or are of Sephardic Jewish ancestry (in which you can skip the 10 years, though you still have to apply for it and "claim" it). Portugal and France only require 5 years and they also allow dual citizenship. Working from Home: I only did this once, for a credit card contractor. It was OK, I was disciplined enough to always be on time, but not everyone else was. Journalism today is sensationalistic because it tries to sell ad space. This was true even back in the 19th century when Joseph Pulitzer and William Randolph Hearst were selling sensationalistic material over the Spanish Civil War to Americans.
Finish the medieval era with lords in the castle and people paying for a place inside the walls was an attack to de private property, we should come back to that, that men built the castle after a personal effort in a fair competition. Stop begging and go and build your own castle!
@@pedrofmc0000 . I think he may be referring to the crypto currency spammers. Strange how all seem to have American WhatsApp numbers when they’re usually in Africa! 🤮
Stuart. I think this needs saying. There are a number of people who come to this site just to post absolutely offensive comments about British/ "English" people. Obvious examples are Nano G, Ale hop, Ma R and JJTIGHE. You have seen their posts. A new contributor, Day trip Debbie, who seemed genuinely interested in Spain, has left the site. There have been others. Is there any way of blocking these people, so they we can get back to sensible discussions ?
What you have to do is judge everyone equally. If certain types of comments are allowed to British, as in fact it is usually done in this channel, then you cannot complain that others act the same. Some have very thin skin ...
Spot on. They're prejudiced and the hatred is so obvious. They look for any opportunity to Brit bash and then complain when people defend the UK or Brexit. They are the sort that will brand all those who voted for Brexit xenophobic whilst be Anglophobes themeslves. You can add Volare ooh ooh ooh to the list 😁
Unfortunately this is what happens with open sites and forums and we have had quite a few of these people who go out of their way to be controversial, antagonist comments to provoke. I just ignore them now.
I think the housing issue is the only way to be. People should be penalized for holding empty apartments when there are homeless people who are struggling to even keep a roof over their head. Rent should have a cap on it, because everyone should have a right to a house. I believe the measure of a society is how the lowest paid people are treated. If Spain has a problem here then maybe they should equalize the access to housing, food, and clean water.
Sounds like a government on the side of people who want to access more affordable and good quality housing and actually have the chance to kick on to do the training and get the skills and jobs they want. Good job 👍
@@daytripdebbie2006 Don´t reply. Ale hop has no interest in this site, except as a means of being offensive. He does not represent Spaniards - if he is, indeed, Spanish.
It has to be remembered that creating unemployment and later those miserable temporary contracts are specialties of the PP. It cannot afford to talk about the PSOE damaging job creation.
@@daytripdebbie2006 you are watvhing the Spanish land registry but call us inferior and poor and say you don't want to invest hahaha you will do everything to live among us
Informative and timely as always I had been reading how rent controls like in Berlin and Spain, could bring down the cost of buying real estate. This morning I am feeling the need to re-visit John Cleese cheese shop skit
Spain has the largest flat vacancy rate in the world as a percentage. Higher than China and we’ve all seen the reports of ghost cities there. So yes a tax on idol homes is good because they drive up the cost for everyone and they take up valuable space while serving no purpose.
So, if a man makes 26000 a year he'll ask for a pay cut, get his youth bonus, and get a raise two years later. Isn't Socialism great? Reference comments about working from home, highly skilled professionals need to work as teams in the same location.
An artificial barrier has now been introduced where it will be difficult to increase your wages over. And to add insult to injury, once that barrier to personal income growth is removed, you lose the benefit, so you end up worse off. Your scenario was interesting, but the part of getting that substantial raise 2 years later a bit optimistic.
Loving the new housing proposals, be interesting to see how much they set caps at. A nice progressive move towards making property about creating homes as opposed to just hoarded wealth. The problem of empty homes is an immoral scourge on society.
Stuart - I am a practising Catholic - In the Bilble Leviticus:25:23 God instructs Moses to tell his people that when they arrive and occupy and Divide equally the land to the 12 tribes. They must not sell or rent any part in perpetuity - He (God) is the creator and owner - you (the people) are the TENENTS. I realise that a lot of people do not believe in a God but was God Right. Incidentally the above is also in the king James bible and the Jewish Tanakh.
After siento your latests posts, I think that you urgently need to see your family ... even if you go by submarine to discreetly pass the Covid controls. Another thing : What will become of the Spanish masons if our English clients flock back to their native home country?
@@pedrofmc0000 Yes, I would agree, for a more intelligent people, they don't show much in their leaders and minor Royals, compared to Spain. But, never forget, it was the English that sunk the Spanish Armada, and Spain has been going downward ever since. As for Britain, there is no more GREAT.
@@aljordan6352 Really? Are you talking about a battle from... what Battle? Trafalgar? OMG man are you sick! Those times are gone and you don't have an empire anymore, awake!
Subsidizing rent is a typical stupid socialist idea that creates more harm than solving problems. I also do not agree with the complete hands-off approach of the right-wing parties here either in this case b.t.w. The problem with rent subsidies are multiple: 1. That money is not free. The government needs to print if (or have it printed by the ECB). The actual value of your income is a fraction of the total amount of money floating in the economy. That means that every time the government prints/borrows money, your income (even though numerically constant) becomes worth less along with your savings, and inflation increases. It's also a cheap misdirection attempt by the government to blame inflation of wage hikes which are in reality a consequence and not a cause. 2. Rent subsidies effectively increase rental prices and in turn purchase prices. Rental prices are effectively dictated by the supply and paying capacity of renters. The government can cap rental prices, but the renters will then cap the quality, sizes, and services to/of what they're renting. 3. The problem in the long term when the government finally figures out that their interventions do more harm than good, is that reversing those subsidies cannot be done without harming many low income renters. 4. It creates government, and in particular socialist party dependence, which is a slight of hand in what should be a democratic society. 5. It's the mass rental corporations (investment funds, etc) who are a problem and not the little guy or old couple who are renting out a second property to fund their own pension. This is where I disagree with the right-wing parties too on this matter. Simply tax those corporations (and not the private individuals) at an increasing rate proportional to the amount of properties they exploit. That way, it becomes less lucrative for them, and at the same time more properties will flow into the private market, increasing market competition which leads to lower prices. But even this has to be thought through carefully for loopholes because those corporations are smart at finding them. In any case, if you've ever worked with someone with good intentions but who broke everything they touched up to the point that the boss just has to fire them, well that is the impression that socialist governments leave on me, time and time again.
When holidaying in Crete I noticed that most individually owned properties looked half built and was informed that this was to avoid certain taxes
The same thing used to happen in Spain. The trick used to be to leave one wall bare and unfinished - 25% council tax.
@@edwardoleyba3075 In Crete and a few other islands there are metal rods protruding skywards from the top floor for the construction of another apartment on top for an unmarried son or daughter... one day... not yet... If the building work isn't complete, there's little or no tax to pay!
The problem of emancipation has more to do with the inability to get a mortgage because of “temporary” contracts. The whole contract system needs reform.
To get a mortgage you have to have at least 25% or more of the appraised price and saving those amounts is very difficult or takes a long time. The usual thing in many European countries is to resort to flats or apartments for rent. An alternative that doesn't require a very high initial outlay.
The whole contract system existed in minor form as far back as the mid 1990's but when the meltdown of 2008 happened, businesses took full advantage of contracting work out and never looked back. The notion of a job for life is almost impossible to find now because the majority of companies see employees as 'tools' with no thought for the toll of that 'tool's' existence should they decide to toss it in the bin.
Now businesses have the gall to complain that workers don't show loyalty to the company and just leave as soon as they find something better. The irony.
You achieve emancipation by creating jobs. It's as simple as that
@@moltderenou Whether it's with grants or building apartments, the money always comes out of taxes. I believe that the state does not have to dedicate itself to constructing buildings if through serious regulation it avoids excesses and achieves what is intended.
Also….the mamas and abuelas make life very easy to adult children cooking washing etc and many don’t want to emancipate
My observation from 40+ years working in various companies and sectors of the (US) economy is that there is a difference between a “boss” and “leader.” Leaders listen and support and motivate through clear communication of priorities and goals. Bosses tell people what to do. The idea of a boss is someone who thinks employees are not actually working unless they can see them (literally) doing something and can directly tell them to stop doing something and start doing something else. This is especially true if the employee is an hourly/wage worker. This leads to a lot of “busy work” or “make work”, whose only purpose is to appear to be busy doing something. A really dysfunctional management culture makes this even worse. $0.02
Peter West asking you to block certain named people because he thinks they are offensive/abusive is ‘rich’ coming from him! Yesterday I replied to a post re the ‘Brits leaving in droves’ according to a U.K. paper. I gave my opinion as to why and who may take their place eg Scandinavians, Russians and Americans. We got into a conversation where he ended ‘calling me stupid’ and that I didn’t know what I was talking about! So if you’re going to block people, maybe he should be added to the list.
That is quite different from people who seem to on here who look for any excuse to bash the English/UK/ Brexit. They are extremely prejudiced and Anglophobic.
Don't worry about it, had the same from said West. The chappy is as intellectually challenged as Herrs Farage, Johnson and the rest of the Junta in the British Isles.
@@derekbland5253 This sums up your position:
You can call the EU a dictatorship and a corrupt gang, and those of us who face that position, you have called us Euro-fanatics pin-up boys, and call my opinion "utter rubbish".
On the other hand, I have not called the UK anything, I have not even insulted you.
All that can be read right here, in the comments of this channel, in this video.
Still, you are asking me to ban for insults and for being Anglophobic ...
Aren't you being a little childish? That being able to criticize without being criticized is not smart people ...
And not to mention Peter, he is the king of direct insults and the first to complain.
@@jjtighe8628 YOU PEOPLE ? nice
Thanks Stuart, The conflict between free for all economics and a government controlled housing .market is a difficult balancing act i wish Sanchez luck. A home is the bedrock of society and on the other hand the market has no conscience. 😊
The market has no conscience, and the socialist government has no brains. That's a bad combination.
@@WinstonSmith1984 Say in comparison to the Johnson Conservative government 😅
@@colinbrigham8253 I'm not British and have never been to Britain so I don't care about it's politics, but 1 thing is clear to me: remoaners are a permanently salty bunch of stuck records.
@@WinstonSmith1984 well Winston let me educate you ,😊 the johnson conservative governent has ...put millions of Working people into poverty by removing finacial support ,has increased tax on working people, increased corporation tax, decimated the the fishing industry, the hospitality industry and is about to ruin our farming industry to name but some.iT is getting more like Oewells 1984 is it not Winston Smith😅
Talking about two absolutely different types of people and countries. Unless take it back to The Roman Empire.
Private property is private and therefore owned by a person. No on one has the right to enter or take control of these without owners permission, many lawyers will now be involved 🤔🙈🤦🏻
No one has spoken of expropriating or confiscating private property
@@pedrofmc0000 Expropriating or confiscating private property is taking 100%. Taxation is taking a smaller part, but still taking.
@@WinstonSmith1984 Taxation is not unique to this law, is something that is already happening, fortunately. Taxing rich people with 10 houses or more is nothing but but good news for 98% of the population. And fair and appropiate considering the way most of the european countries decided to be managed.
Gerald, nice comment in a perfect world but are you not aware of the big problem of Okupas (Squatters) Spain has. If the Gobierno of PSOE/ Podemos is to implement this new housing law, then the very least must clamp down on Okupas and local mafia that are paid €€ to patada en la puerta (kick the door down). It's getting a daily occurrence watching this on TV and affects lives of many hard working people who have merely gone away for a short vacation, not just overseas holiday homes. I think this subject matter has been raised in a previous video and looking forward to some law change
As always very informative and straight to the point.
Iv been in Spain looking for nice quiet place to live on Costa Blanca can’t believe how cheap and what deals you can get for straight cash though bank it’s a buyers market the Russians are snapping things up quickly again history repeat its self ..it’s just other tax to pay should not scare people in buying great information and top site 🎥
The City of Vienna is the largest Landlord in Vienna and I think in the whole of Europe. Rents are limited, and the City maintains the Apartments well. This goes back more than a century. Stable affordable housing helps Austria succeed economically.
Austria has a public debt of over 70% of its GDP. No nation-state succeeds economically; all they do is postpone bankruptcy.
Why do you need rent caps when there are so many empty properties?
When private property rights are denied; all rights (which ARE private properties). are denied.
PS stated that there are jobs in Spain yet this is happening in October 2021..Also prices to Alicante have increased...
The union for train drivers and railway assistants (Semaf), which represents 85% of train drivers working across Spain announced the strikes on Tuesday afternoon.
The move is likely to cause travel chaos for thousands planning to travel during the puente weekend which combines the “El Pilar” festivities and Spain’s National Day on October 12th.
The union has called the strikes over job losses, working conditions and organisational changes in the transport sector.... Regards Tony (cuenca)
They should do the same in the UK. According to the Pandora papers there are billions and billions funnelled from tax havens into UK properties. They are most likely vacant paying no taxes and contributing nothing to society. Real estate is an asset class but above that it’s a dwelling for humans. It has a utility and a purpose for society. Imagine if suddenly insulin is seen as a convenient and “tax-efficient” asset class. Billions will be parked there doing nothing and millions of people will die and suffer. It’s not much different
I’m not a leftist or anything but from what I read it only applies to people who own 10 properties so if you own 1 or 2 I don’t think ot affects you. Correct me if I’m wrong I won’t get offended.
The one or two properties might ,( I don't know) be as you say, but, One thing always leads to another.
@@12alocin Only on a night out drinking.
Hiya Stuart, thank you for your update. Have a great evening. Take care.
I, as others, would lose all military benefits if we gave up our US citizenship. Plus, giving up your birth country is not a subject to be so cavalier about. And on another subject, people in their thirties are considered 'youth'? Aren't most married and have children by then? At what age are you considered an adult?
In Spain it’s fluid, many adults love living at home as many pay no rent to parents and have a live in maid, some of my acquaintances still live at home upwards of 35
Why does/did it need the British to leave to allow the Scandinavians to purchase in Spain. We’re they not allowed to or has the climate changed in Scandinavia recently for the people to now need to purchase in Spain?
It's all BS, the Scananavians have been buying in Spain for years.
If empty flats/houses are taxed . this will push many onto the market as the owners will not wish to pay tax just to keep a property empty . At very least it will help to solve any housing shortages
I have some concerns about the cap on rents in Spain and the penalty for having vacant units . My concern is that actions such as this effect capital growth and income all at the same time. It seems to me that the responsibility for the provision of social housing is being transferred in part to the individual property owner . In my view the government should be providing social housing in a bigger way so that everyone gets access to decent housing.
Spain seems to have a big problem here and it should look hard at the question.Rent controls are not the answer in my opinion.
Why own 4 empty houses and 1 to live in?? There are 100.000+ objects empty and not for rent... Why? Investment?! Next year (22) prices will collapse, predict experts. An empty house 'rots' away. I am cautiously in favor!
The average price of property in Stockholm is 4.85 times the average price of property in Alicante. So Swedes can remortgage fairly easily to buy a second home in the sun.
Thanks for well produced videos. Here in the citadel of capitalism and the market economy most major US cities have some form of "rent control" and it doesn't impact private property and its ownership. So boo to the center right for politicising a fairly simple policy - control rent prices.
'most major US cities have some form of "rent control"
Proof?
I have to say in Spain if you have a property you pay IBI many British people knows indeed , it is not too much money , I can't see no problem if you have a property here and you are spending the time you consider enough , or you are living a part of the year in UK is your right , im afraid this government don't know which is the good path , however I think they say some nonsense that should not be taken into account, It must be for people who have many properties , then they are the first in the list ....seriously in Spain the tax over properties is rather low , heritage at least in Madrid are zero , surely Spain is the country with the lower taxes relative to nominal GDP salary per person , and what can I say you all don't know after years living here , be honest , Stuart you always have an impact on everything negative don’t read El Pais guy , I know other countries not too far away where you only can work not live , regards to all British community in Spain , don't be scared of anything , respect the healthcare even the illegals have free, aquí mucho bla bla bla .....luego nada amigos , soy un jubilado y me solidarizo con uds que han optado por vivir aquí Saludos
the thin edge of the wedge. This will end up being a net ballast for private home owners
Not only a rise in wages but also increasing productivity in order for inflation to not get worse and better supply with demand
Inflation is a direct result of money printing (what the government does to hand out all that "free" money), and rising wages are a direct result of inflation.
Hola Stuart muchas gracias por el vídeo if empty property is going to be taxed surely it will deter investment in property development.mr Sanchez is giving money away like its going out of fashion.somebody will have to pay for it ultimately.tenga un buen día muchas gracias
To fix the rental of properties is a false economics principle. It will not work.
Thanks Stuart,
Not sure if putting a tax on empty property is an answer to housing issues.
It will drive prices up as people will try and sell up. The Daily mirror’s British leaving in droves is sensational headline, the problem with this is that people follow like sheep. Because people may be doing this, we should do it to.
People who have holiday homes still
contribute to the Spanish economy.
Interesting times
Always good to talk about cheese...
My favourite is a good strong cheddar or Swiss gruyere.
Yeah, love a good strong cheese, 25 years in Spain and never HEARD of it or tried it. WHAT HAVE I BEEN MISSING!!
Another update from Catalonia- More taxes to pay for car CO2 emissions, admirable yes, but China, India and Brazil do nothing. 23 out of 25 worst pollution cities in the world are in China, go figure 🤔 my annual cost on top of the annual municipal car tax of 88€ will be an additional 39.90€
Cigarettes have just gone up last week, petrol keeps going up, food and utilities going up despite a gas and electric fall to 10% from 21% until end of year. Looks like we are being taxed out of existence. Panama papers though, proof of the elite avoiding taxes and possible tax scams etc, 😡👎
"Cigarettes have just gone up last week" good
The Chinese Communist Party are laughing their heads off at the naivety of the west. In the Paris Climate Agreement, their pledge was to reach peak CO2 emissions by 2030 which means not more than their prediction of what it would be by 2030, which means effectively change nothing. What a scam and western leaders (except for a certain orange one) fell for it.
And b.t.w., all prices go up because of government money printing for all those "free" things. That's inflation.
India and Brazil have very low per capita CO2 emissions, much lower than any western nation. China’s per capita emissions are marginally higher than some western countries mostly thanks to manufacturing consumer products for the western world. However still less than half of the US’s per capita emissions!
China is doing something, most major cities mandate that all taxis are fully electric.
Pointing the finger at these countries makes little sense!
Coal fired power plants as of 2021. China 1,082, India 281, USA 252, Spain 6, UK 2. Brazil cutting down rain forest at 11 football size pitches per day. 🤔 say no more! 🤔🤦🏻
@@geraldryan8562 and yet lower per capita CO2 emissions than most western countries!
Also let’s ignore the fact that China and India between the contain nearly half the world’s population!
Need to fix the youth unemployment problem in Spain.
I don't know what it means for Brits, you would have to look closely at British law. ... but I'm a U.S. citizen, resident in Spain. I was told by the U.S. Consulate that it doesn't matter to the U.S. if I were to acquire Spanish citizenship. They said, until I come to an embassy, hand over my passport and sign papers renouncing my U.S. citizenship, then as far as the U.S. is concerned. I'm a citizen.
What would change, if I were to also get Spanish citizenship is how Spain sees me. They would no longer look at me as a U.S. citizen (even though I would retain that citizenship) ... but would view me as a Spanish citizen, and I would be treated as such (with the pluses and minuses that might come along with that).
This new housing law will only make the rich richer... A cap on rents should have been at 150€ a month therefore most people could rent somewhere.... Regards Tony (cuenca)
@@moltderenou
Just look at the name, tells all you need to know
Tony that an impossible figure hehe
On Oct. 4, the European Medicines Agency (EMA) published the following information on booster shots: An extra dose of the COVID-19 vaccine Corminaty may be given to a patient with a severely weakened immune system, i.e. after organ transplant. Although there is no direct evidence that the ability to produce antibodies in these patients protect against COVID-19, it is expected that the extra dose would increase protection at least in some patients. The risk of inflammatory heart conditions or other very rare side effects after a booster is not known.
Hi Stuart, here in Menorca i see many buildings of 1 or 2 floor apartments with only 1 of the apartments occupied with the other left empty only with the super structure complete, now i was told that in this way the owners do not pay the tax either fully or in part for that building. Can you shed any light on this ???
You want to ask where the money came from in the first place to do that, like in Irobot, that is the right question
Thank you for the update Stuart
Congrats Mia!! Your Spanish status has been elevated!🤣🥰
In Catalonia, booster shots are down to 50+ citizens.
Thou shalt not steal
Thou shalt not covet your neighbors goods..thats all I can say about the government taking away property rights..seems like your pets are getting more rights
Brilliant social Laws to help young people afford a home of their own. State owned housing in Austria helps their economy selling it all off in the U.K. in Thatchers time has caused homelessness here
Sorry to say keep up the good work
You do not have to give up your British citizenship
Spain should deal with the endemic issue of squatters ruling the roost before trying to sort other housing issues.
Does this mean that foreigners from 3rd countries who are subject to the 90/180 rule will have to pay tax on their Spanish vill-ur while they are home in UK (assuming they don't rent it out for that period)?
That's what I wanna know!!
No
You already through IBI. I see no problems with what’s being proposed. It’s no different from second homes in Gwynedd.
@@moltderenou False, you're lying
@@moltderenou I'm talking about the new taxes on empty houses announced today. Not IBI, which, of course, you pay all year, regardless. The new tax is a "if you're rich enough to own more than one home, we're going to squeeze you either to rent it out for peanuts or we'll tax you for leaving it empty" - just announced this week.
Public housing: there should be a "last resort" for those who need a place to sleep.
250 Euros for young people: 250 euros is not enough to afford rent on one's own in Spain. Period. This strikes me as little more than a discount coupon for those better off, while poorer people won't get enough to strike out on their own.
Price cap laws: mixed; these have been tried before in New York, Paris, London, Hong Kong, and elsewhere, and by themselves, they don't solve the problem of not enough supply.
Civil servant pay raise: Their wages should rise with inflation too.
Animals: I wonder, if I move to Spain, what this will mean for my cat.
Police being armed: In America, police have guns because there are 300 million guns on the streets. They easily argue (and win) that they need protection too. During the Wild West years, Billy the Kid killed two officers at once because he carried better hardware than the cops did.
Getting Spanish citizenship is long. 10 years of accepted/recognized residence and you might cough up your previous citizenship unless you were born in a former colony of Spain or are of Sephardic Jewish ancestry (in which you can skip the 10 years, though you still have to apply for it and "claim" it). Portugal and France only require 5 years and they also allow dual citizenship.
Working from Home: I only did this once, for a credit card contractor. It was OK, I was disciplined enough to always be on time, but not everyone else was.
Journalism today is sensationalistic because it tries to sell ad space. This was true even back in the 19th century when Joseph Pulitzer and William Randolph Hearst were selling sensationalistic material over the Spanish Civil War to Americans.
game over for Spain
Finish the medieval era with lords in the castle and people paying for a place inside the walls was an attack to de private property, we should come back to that, that men built the castle after a personal effort in a fair competition. Stop begging and go and build your own castle!
Young people want to become "Independent". As a first step they'll take a handout provided by taxpayers.
Stuart do you not block constant spammers of this forum?? It really brings the group down
It depends on what you consider spam. I have the feeling that what you don't like are certain comments or criticisms and that isn't spam.
@@pedrofmc0000 . I think he may be referring to the crypto currency spammers. Strange how all seem to have American WhatsApp numbers when they’re usually in Africa! 🤮
So, choose Portugal instead, Stuart?
Why don't stay in your country?
@@alehop9441 because she is entitled to do what she likes.
@@alehop9441 and you said I was racist. That’s ripe.
Stuart. I think this needs saying.
There are a number of people who come to this site just to post absolutely offensive comments about British/ "English" people. Obvious examples are Nano G, Ale hop, Ma R and JJTIGHE. You have seen their posts.
A new contributor, Day trip Debbie, who seemed genuinely interested in Spain, has left the site. There have been others.
Is there any way of blocking these people, so they we can get back to sensible discussions ?
What you have to do is judge everyone equally. If certain types of comments are allowed to British, as in fact it is usually done in this channel, then you cannot complain that others act the same. Some have very thin skin ...
@@pedrofmc0000 That is balanced and fair.
And I wonder why they don't defend themselves.
Spot on. They're prejudiced and the hatred is so obvious. They look for any opportunity to Brit bash and then complain when people defend the UK or Brexit. They are the sort that will brand all those who voted for Brexit xenophobic whilst be Anglophobes themeslves. You can add Volare ooh ooh ooh to the list 😁
Unfortunately this is what happens with
open sites and forums and we have had quite a few of these people who go out of their way to be controversial, antagonist comments to provoke.
I just ignore them now.
I think the housing issue is the only way to be. People should be penalized for holding empty apartments when there are homeless people who are struggling to even keep a roof over their head.
Rent should have a cap on it, because everyone should have a right to a house. I believe the measure of a society is how the lowest paid people are treated. If Spain has a problem here then maybe they should equalize the access to housing, food, and clean water.
@@moltderenou Short answer, no.
So, if you leave your car parked for an extended time someone should be allowed to use it?
@@12alocin yes.
That's a well intended but overly simplistic way of looking at the economic issue. For an explanation, see my other post.
@@WinstonSmith1984 you should really read Karl Marx. It isn't simple at all.
Sounds like a government on the side of people who want to access more affordable and good quality housing and actually have the chance to kick on to do the training and get the skills and jobs they want. Good job 👍
That’s made my mind up about investing in Spain. I won’t do it.
You have nothing to invest with, you are very ra cist and only wanted Spanish feed you.
@@alehop9441 you are very amusing.
@@daytripdebbie2006 you hate us, post ra cist comments but at the same time you're so desperate to live in Spain 😂😂
@@alehop9441 i don’t hate Spanish people at all. I don’t think I would like you though.
@@daytripdebbie2006 Don´t reply. Ale hop has no interest in this site, except as a means of being offensive. He does not represent Spaniards - if he is, indeed, Spanish.
It has to be remembered that creating unemployment and later those miserable temporary contracts are specialties of the PP. It cannot afford to talk about the PSOE damaging job creation.
This doesn’t make any sense at all. There is no shortage of housing in Spain. Quite the opposite.
Yes there is.
@@franzzappa5813 not according to the Spanish land registry( see that link)
Why do you keep asking about Spain, you said Spabiards are uncivilized and poor and can not pay mortgage
@@daytripdebbie2006 you are watvhing the Spanish land registry but call us inferior and poor and say you don't want to invest hahaha you will do everything to live among us
@@alehop9441 it was a headline in the Express newspaper
hi Stu,
looks like my theory. ( dog ,or couch teddy ) is playing out. 🐻
Informative and timely as always I had been reading how rent controls like in Berlin and Spain, could bring down the cost of buying real estate. This morning I am feeling the need to re-visit John Cleese cheese shop skit
Sanity rules at last Will rest of Eu follow Spain,
Biased information .Forgot to mention those new rules are to apply to +10 and on property owners.
Spain has the largest flat vacancy rate in the world as a percentage. Higher than China and we’ve all seen the reports of ghost cities there. So yes a tax on idol homes is good because they drive up the cost for everyone and they take up valuable space while serving no purpose.
So PS thinks someone aged 35 is a young person...So Anyone over that age is classed as Old then... . . Lol... Regards Tony (cuenca)
The outline of the new Housing Law seems mostly sensible to me. Nothing to see here… move along please…
@@marleneprice2835 But no different from what the Welsh local authorities are doing for second homes?
So, if a man makes 26000 a year he'll ask for a pay cut, get his youth bonus, and get a raise two years later. Isn't Socialism great? Reference comments about working from home, highly skilled professionals need to work as teams in the same location.
An artificial barrier has now been introduced where it will be difficult to increase your wages over. And to add insult to injury, once that barrier to personal income growth is removed, you lose the benefit, so you end up worse off.
Your scenario was interesting, but the part of getting that substantial raise 2 years later a bit optimistic.
Loving the new housing proposals, be interesting to see how much they set caps at. A nice progressive move towards making property about creating homes as opposed to just hoarded wealth. The problem of empty homes is an immoral scourge on society.
Give them six months and they will tax your dog.
Stuart - I am a practising Catholic - In the Bilble Leviticus:25:23 God instructs Moses to tell his people that when they arrive and occupy and Divide equally the land to the 12 tribes. They must not sell or rent any part in perpetuity - He (God) is the creator and owner - you (the people) are the TENENTS. I realise that a lot of people do not believe in a God but was God Right. Incidentally the above is also in the king James bible and the Jewish Tanakh.
After siento your latests posts, I think that you urgently need to see your family ... even if you go by submarine to discreetly pass the Covid controls.
Another thing :
What will become of the Spanish masons if our English clients flock back to their native home country?
18 to 35=YOUNG PEOPLE...........The Hobbits have taken over the Administration of the Spanish Government.
At least we don't have ruling the country trolls like in the UK...
@@pedrofmc0000 Yes, I would agree, for a more intelligent people, they don't show much in their leaders and minor Royals, compared to Spain. But, never forget, it was the English that sunk the Spanish Armada, and Spain has been going downward ever since. As for Britain, there is no more GREAT.
@@aljordan6352 Really? Are you talking about a battle from... what Battle? Trafalgar? OMG man are you sick! Those times are gone and you don't have an empire anymore, awake!
@@pedrofmc0000 Such a shame that many Spaniards don't share your confidence in the present Spanish government.
@@pedrofmc0000
No you got Germans doing it for you, we like are trolls and you can't have them
Own nothing and you'll be happy. Build back better.
The new housing law sounds excellent -- can´t see Boris doing that.
Oh dear oh dear. Never mind.
Subsidizing rent is a typical stupid socialist idea that creates more harm than solving problems. I also do not agree with the complete hands-off approach of the right-wing parties here either in this case b.t.w. The problem with rent subsidies are multiple:
1. That money is not free. The government needs to print if (or have it printed by the ECB). The actual value of your income is a fraction of the total amount of money floating in the economy. That means that every time the government prints/borrows money, your income (even though numerically constant) becomes worth less along with your savings, and inflation increases. It's also a cheap misdirection attempt by the government to blame inflation of wage hikes which are in reality a consequence and not a cause.
2. Rent subsidies effectively increase rental prices and in turn purchase prices. Rental prices are effectively dictated by the supply and paying capacity of renters. The government can cap rental prices, but the renters will then cap the quality, sizes, and services to/of what they're renting.
3. The problem in the long term when the government finally figures out that their interventions do more harm than good, is that reversing those subsidies cannot be done without harming many low income renters.
4. It creates government, and in particular socialist party dependence, which is a slight of hand in what should be a democratic society.
5. It's the mass rental corporations (investment funds, etc) who are a problem and not the little guy or old couple who are renting out a second property to fund their own pension. This is where I disagree with the right-wing parties too on this matter. Simply tax those corporations (and not the private individuals) at an increasing rate proportional to the amount of properties they exploit. That way, it becomes less lucrative for them, and at the same time more properties will flow into the private market, increasing market competition which leads to lower prices. But even this has to be thought through carefully for loopholes because those corporations are smart at finding them.
In any case, if you've ever worked with someone with good intentions but who broke everything they touched up to the point that the boss just has to fire them, well that is the impression that socialist governments leave on me, time and time again.
Please tell me it's true that all the Brits in Spain are leaving.I have a bottle of Cava i want to crack open just for the occasion.
I'd like to order 1 x Uncle Ginos Special Pizza (Large) please. 😁
What is the combined population of Scandinavia?
About 25 million. Scandinavian/ Nordic county. 👍🏻🇳🇴
@@aminta1solan2 thank you. That’s interesting.
Me two 😆😂
First yipppeeeee !
And probably the best.
@@daytripdebbie2006 let’s have a day out !
@@angelicupstart1977 where do you want to go?
@@daytripdebbie2006 in Spain ?
@@angelicupstart1977 i am off to Sardinia. See you there.