This announcement made by the government of Spain in mid-November has been widely reported in the media. This legal measure is under consideration and we really do not know how it will be finally configured.
The government’s intention is to give a new argument to attract prospective buyers of property in Spain, especially from countries such as Russia or China. For sellers of property in Spain, who have not been able to find a buyer for years, despite the constant reductions of the sale price, the measure can also be a new opportunity.
Carlos Prieto Cid, Lawyer