The Changing Landscape of Global Relocation: Why Top Destinations Are Losing Foreign Buyers... Dubai/Spain/Turkey/Cyprus/Bali
The Changing Landscape of Global Relocation: Why Top Destinations Are Losing Foreign Buyers...
Since the pandemic, there has been a massive shift in global relocation trends. More and more foreigners are looking for safer, less regulated, and more affordable places to move to. Cities like Dubai, regions in Turkey, and even tropical hotspots like Bali and Thailand have seen a rise in foreign interest.
However, recent regulations in some traditionally popular destinations have made foreign investment less attractive. Countries that were once welcoming to expats and investors are now imposing stricter laws, higher taxes, and more limitations—leading buyers to reconsider their options.
The Impact of New Regulations on Foreign Buyers
Spain: A 100% Tax Increase for Non-EU Residents
Spain has long been a favorite for retirees, digital nomads, and investors from outside the EU. However, a recent tax increase of 100% on property purchases for non-EU residents has made it far less appealing. This significant financial burden means that owning property in Spain is now much more expensive than before.
Additionally, stricter visa requirements and rising costs of living are pushing many potential buyers to explore other locations. to continue join our real estate e-newsletter.