The article speaks about residence. Nationality is not mentioned as a requirement in the article. Inside the EU it is impossible to make such limits to discourage other EU nationals. The EU is one market and freedom of movement, goods, services and capital must not be impeded.
And the pensioner couples are not so much of an issue if they permanently live there and spend money in the local economy.
The “holiday home for four weeks a year” people are an issue as well as speculators buying to keep empty and then sell a decade down the road.
Also the article quotes a realtor with:
He expressed doubt over whether the measure would ever become law, but predicted that the “uncertainty and noise” generated by the proposal would prompt some individual and institutional property investors to turn away from Spain and look elsewhere.
Which is good. Because people who are convinced about buying to live are not effected while investors can fuck off.
Yeah, I didn’t read the article and just went from the headline, which is misleading.
For the rest, your comment is pretty much what I meant or things I agree with.
(My example of the French pensioner couple isn’t about the kind of people who come over and live here, it’s about the ones for whom Portugal/Spain are just investment playgrounds and who will never get hit by the societal side effects of a house price bubble in the countries they’re “investing” in - one could say such people are like poluters who don’t have to live with the consequences of their own polution)
The article speaks about residence. Nationality is not mentioned as a requirement in the article. Inside the EU it is impossible to make such limits to discourage other EU nationals. The EU is one market and freedom of movement, goods, services and capital must not be impeded.
And the pensioner couples are not so much of an issue if they permanently live there and spend money in the local economy.
The “holiday home for four weeks a year” people are an issue as well as speculators buying to keep empty and then sell a decade down the road.
Also the article quotes a realtor with:
Which is good. Because people who are convinced about buying to live are not effected while investors can fuck off.
Yeah, I didn’t read the article and just went from the headline, which is misleading.
For the rest, your comment is pretty much what I meant or things I agree with.
(My example of the French pensioner couple isn’t about the kind of people who come over and live here, it’s about the ones for whom Portugal/Spain are just investment playgrounds and who will never get hit by the societal side effects of a house price bubble in the countries they’re “investing” in - one could say such people are like poluters who don’t have to live with the consequences of their own polution)