14 January 2025
Spanish Prime Minister Pedro Sanchez has announced a plan to tax non-residents from outside the EU up to 100 percent for real estate purchases, this as Spain faces a housing crisis. Also in this edition:
TikTok denies reports that Chinese officials are exploring its sale to Elon Musk as a US ban on the app looms.
Read more about this story in our article: https://f24.my/As0S.y
Of interest - 08:06 (9 hours ago)
|
Neinor Homes, SA (“ Neinor ” or the “ Company ”), in compliance with the reporting requirements provided for on article 227 of Law 6/2023, of March 17, on the Securities Market and Investment Services, and ancillary regulations, hereby reports of the following
OTHER RELEVANT INFORMATION
In light of the measures announced today by the president of the Government of Spain aimed at strengthening the right to housing, which include, among other things, provisions regarding the purchase of properties by non-resident, non-EU foreigners, the Company hereby reports that, in line with previous years, pre-sales for financial year ended 31 December 2024 were approximately distributed as follows:
(i) 90% corresponded to Spanish citizens;
(ii) 8% corresponded to citizens of the European Union or residents; and
(iii) only 2% corresponded to non-resident, non-EU foreigners.
