This summer Partido Popular, the Spanish right wing political party, won a historic election. Most notably, it is highly likely that by the end of this year or as 2023 commences, Partido Popular will remove wealth tax.
What does this mean for real estate?
People with the view of moving their assets to Spain will no longer face the hefty cost of wealth tax. In short, there is no better time to invest in property in the Costa Del Sol than now, as prices will inevitably increase. Especially properties with high value will be effected.
