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The announcement, however, lacked a solid legal basis and was soon dismantled by the competent bodies. On June 25, the diary Expansion I confirmed it: “The proposed 100% tax for foreigners was never presented as a formal bill, and was rejected by the European Central Bank and the European Commission”
It means certainty, continuity and trust. The measure has neither been debated in Parliament, nor does it have a legal path within the European framework. The European Commission considers it to be openly contrary to the principles of free movement of capital, and the European Central Bank has taken the same position.
In practice, legal security for foreign investors in Spain remains intact. There are no additional changes or restrictions on the horizon.
This translates into a break for international investors in a context in which almost a 20% of home purchases in 2024 were carried out by foreigners (according to data published in media such as HuffPost). The decision strengthens the image of Spain as a safe and attractive destination for real estate investment.
While media noise was making headlines, real data told another story. According to La Vanguardia, international investment in the Spanish real estate sector grew by 39% in the first quarter of 2025.
Madrid, Barcelona, the Costa del Sol or the Balearic Islands continue to be strategic poles of attraction for buyers with high purchasing power who are looking for:
Madrid has one of the most exclusive residential offers in southern Europe. Neighborhoods such as Recoletos, Chamberí or El Viso have consolidated their position as luxury enclaves, combining history, design and added value.
Luxury housing has been transformed: it's no longer just about location, but about experience, sustainability and exclusivity. And that's precisely what new global buyers are looking for.
Legal security is not just a legal guarantee: it is a sign of stability for those who seek to invest, live or diversify their assets in Spain.
From Sophia Properties we can see it clearly: international buyers are still betting on Madrid as a destination where real estate luxury has a journey, value and a vision of the future.
We know that investing in Spain means much more than buying a home: it is betting on a unique lifestyle, the tranquility of a solid market and the added value of properties with their own personality.
Spain remains an open, competitive country aligned with the principles of the European Union. Far from being closed to foreign capital, it continues to consolidate itself as a reference market in premium residential real estate.
👉 Discover our exclusive properties in premium areas of Madrid and let our team advise you to take the next step with complete confidence.
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