Catalonia will tax banks for having empty repossessed homes
Catalonia has announced a new law which will tax banks between 800€ and 1.650€ a year for each empty home they possess. The idea isn’t to generate cash, but instead to stimulate banks to start leasing these empty homes back to the region for social use. The Generalitat says that many people are looking to rent homes, or regional authorities are looking for social use homes, but that the banks prefer to sit on these Continue reading Catalonia will tax banks for having empty repossessed homes