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Spanish people are being priced out of their own Non-residents in Spain have access to better lines of credit than locals Non-residents were snapping up deals in Catalonia, the region of The To Taxes In Speaking He <\/p>\n","protected":false},"excerpt":{"rendered":" \t\tSpanish people are being priced out of their own Non-residents in Spain have access to better lines of credit…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-274","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\n
\nproperty market while non-resident foreigners are making the most of the
\nbargain housing prices on offer in the country.<\/strong><\/p>\n
\nand can obtain credit from their home countries.<\/p>\n
\nValencia, and Madrid.<\/p>\n
\nforeign buyers come mainly from the United Kingdom, Russia, France, Norway,
\nBelgium, Germany, Italy and China.<\/p>\n
\nbuy a house in Spain, non-residents only require the so-called N\u00famero de
\nIdentificaci\u00f3n de Extranjeros (NIE). <\/p>\n
\nincluding value-added tax, registration, and taxes on property assets need to
\nbe paid in Spain, but non-residents get an exemption for tax on their income
\n(IRPF). <\/p>\n
\nNovember 2012 the Spanish government announced it was mulling over plans
\nto offer residency to any foreigner willing to fork out at least \u20ac160,000 for a
\nhouse or apartment in Spain.<\/p>\n
\nbefore business leaders about plans to help flog off some of the 700,000
\nplus vacant homes in Spain, Spain\u2019s trade secretary Jaime Garc\u00eda-Legaz
\npinpointed the burgeoning interest from Russian and Chinese buyers in Spain\u2019s
\nsecond home market. <\/p>\n
\nsaid the government would spend the next few weeks studying changes to
\nimmigration rules which could see residency granted to non-EU citizens who are
\nable to stump up the requisite amount of cash.<\/p>\n
\nproperty market while non-resident foreigners are making the most of the
\nbargain housing prices on offer in the country.<\/p>\n