In 2024, non-resident foreigners accounted for 8 percent of property purchases in Spain, with a total of 56,139 homes acquired, a modest 2.2 percent increase from the previous year. The majority of these purchases were concentrated in Málaga and Alicante, while emerging nationalities like Poles and Czechs are also entering the market. Amidst government restrictions, non-resident foreign buyers face challenges in the Spanish property market, with potential tax increases and bans being proposed.
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Minister accuses Labour left of ‘defending Tory system’ after benefits cuts
Labour minister Torsten Bell defended government benefit cuts by accusing left-wing critics of supporting a failed Tory welfare system that contributes to high unemployment rates. Former shadow chancellor John McDonnell refuted Bell's claims, stating that proposed cuts would harm disabled individuals. Labour MPs, including Clive Lewis and Debbie Abrahams, criticized the government for implementing £5bn in cuts by 2030, potentially impacting millions of disabled individuals negatively. Full Article
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