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January 24, 2025 • 23 mins
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Today's original article - https://www.theportugalnews.com/news/2025-01-21/calls-to-bring-in-100-tax-for-foreign-buyers-in-portugal/95033

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Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Let's crack on, then, shall we, in this new part
of the show, The Bondia Daily twenty minutes of news
where the language, culture and well being, and it might
it might spill a little bit into the second twenty minutes.
Maybe we'll just go half as fast this morning as
we make our way easily and pleasantly into the weekend.
The Bondfieces and Manna pizzin do you go up? Yeah?

(00:24):
Must play your videos. That's unfortunate, John, there was a
time when you're wondering what to do with all the fry,
all the fish in your garden pond wasn't there, and
that that was taken care of by nature as it
turns out. So I hope it's okay with you for
me to share the video of the visitor to your
garden a little bit later on. We'll do that in

(00:46):
the second twenty minute segment. Jackie's in, as is Mike,
how are you doing? Guys? And a coach turner with
a Bondie gumpus. Let's put the sex into Seestafira video
from the coach as well. This week seems to have
flown by wet and windy here north of London, but
seriously stormy in Scotland and with diegle and I saw
Portugal mentioned on British news last night as being very windy.

(01:08):
It's so changeable as well, that's the funny thing we
seem to be. We're into the second storm of the
week and then suddenly the sunshines, suddenly shining bright like
it like a summer day. It's so so changeable, isn't
it sign of the times? Perhaps Pete with a simple bond,
dear oh Diane, helped to find Portugal due to the

(01:28):
fact she used to be a medium. Is there a joke?
Now she's a small? I knew it. I just knew it.
Thank you, Pete. And do you know what, I know
what happened in his mind there he was thinking and
now she's a large. He was going to say that,
and he thought, oh no, she'll kill me if I
say that, so he changed it o the last minute,

(01:48):
and now she is as small. Very good, thank you
very much. Indeed, right, let's have a look at some
interesting news, some good news, which is good news and
bad news. Picking up on the theme that the Portuguese
he was early to this, He was early to the party.
On one hundred percent tax and you as well, Pete,
you mentioned it, didn't you. We'll have a look into

(02:10):
that because I think that's good news and bad news
for obvious reasons. And then some good news if you're
a rock and roll van, all right, if you like
a certain band with a combined age of twenty twenty seven,
they're coming back to Portugal after I think in eleven
year absence. Let's do those Let's look at let's look

(02:31):
at visitors to Ponds and Coach Turner's new video in
our well being section as well. Before we get and
the weather, of course, let's take a look at the weather,
see if any changes planned in the weather forecast. Let's
have a look at this news then, and are going
to go to the Portugal News this morning for this
particular coverage which I think disappeared now. As as we

(02:54):
alluded to yesterday with Heather, it's for US Portugal poor
who lean in that direction, who emphasize, accentuate the positive,
and it's it's kind of awkward when these sort of
stories come up, but you know, I don't mind having
a chat about them, reframing them, putting them into perspective.

(03:16):
They're not going to go to gloom and doom, and
of course I'll give it. I mean, the good news
straightaway is this is a one hundred percent tax for
foreign buyers in Portugal. That's probably not you. If you're
watching this right now, it might be you if you're
watching later, as people do. Who are It's more than
people who are moving to Portugal and thinking about it
that are watching this program later than those who are
watching in the morning and who are already here residents

(03:39):
of Portugal, for whom this tax will not apply. Of course,
So that's great news, is it not? Although you may
be thinking, oh, Portugal, that's not such a great idea
in terms of public perception around the world. Let's find
out what they're talking about anyway. Oh, yes, Portugal News,
you haven't failed me. Nineteen comments. I can't wait to
get to those, the comments in the Portugal News. A

(03:59):
portray movement. Who doesn't like a Portuguese movement first thing
in the morning, I know, I do more fiber us
where wants the government to tax up to one hundred
percent up to there you go, small brent on real estate,
but by non residents from countries outside the European Union,
to be the same as the rules in Spain, and
of course they can't do that to other people in Europe?

(04:22):
Can them? Guessing because of the European Union the whole
idea of well, the occlusing union, isn't it? The movement Borda.
Now I must find out more about them, So I'm
going to open that in a new tab. Advise the government.
They've been whispering the government's ear to adopt a similar
measure to the one. Now it says here approved in Spain.
Now that's news to me. I didn't know it had

(04:42):
been approved in Spain to help solve the housing crisis issues.
Now will it do that? Would it do that? The
measure approved in Spain has again approved in Spain. Has
led to the taxation? Has anyone been taxed hundred percent? Yet?
Will lead? Possibly has led on the value of a
purchased house by non residents from the countries outside the EU.

(05:05):
The measure was announced by the Spanish Prime Minister Pederal
Sanchez and it is part of a pack of twelve.
He's optimistic, He's got a pack of twelve. Everybody, pack
of twelve initiatives aiming to make housing more affordable for
Spanish citizens. Okay, so that's the idea. Presumably then, is

(05:25):
to stop other people buying houses such that Spanish citizens
citizens can and if they do buy them, the one
hundred percent tax is then reinvested into public housing. Not
probably anyway, don't be cynical. Car The pack also includes
measures I've got a vision of him in a spaghetti
western pederal Sanchez with a big cowboy hat on. He's
got like a hand of twelve cool cards that are

(05:48):
going to change the housing situation in them in Spain.
Who The pack also includes measures that benefit landlords who
signed long term renting contracts and holds oh okay, that's good,
and hold strict measures to those who signed short term
renting contracts. Yeah, turfing people out after they've just got comfortable.

(06:12):
And it's different, isn't it when you live in a
rental culture. I think it's fair to say Spain and
Portugal are more and more rental cultures, or have traditionally
been until everyone got Brassic rental cultures rather than purchase cultures.
So yeah, if you've got a rental culture and you
haven't got long term tenure, that's a bit awkward. The
group Portata Porta is formed by people from various age

(06:32):
groups from the whole Portuguese territory who share the struggles
of maintaining a proper house, whether due to high rent
prices or because of the increase of the taxes that
are paid when a house is bought. Porta Porta has
already organized demonstrations throughout the country to call to the
attention of governors to provide proper housing measures to Portuguese citizens. Currently,

(06:54):
the movement has and has available a petition for people
to sign, and the petition link is they're supporting the
group's principles everyone deserves a house. Well, I don't think
anone's going to argue with that, as described in the
sixty fifth article of the Portuguese Constitution. Did you know
that that we have a constitutional article sixty five that
outlines that everyone should have a house here in Portugal?

(07:16):
The Portuguese call Out spokesman for Porta Porta, Andreval, stated
that Portugal should adopt similar initiatives, defending that relying on
market dynamics did not solve the housing crisis being felt
in the country. In the same statement, Esval mentioned that
the housing crisis in Portugal has gradually increased. Well. Apologies
to the Portuguese for being all over this and me

(07:40):
accusing him of making a click baity video. If you're watching,
I do apologize. I come to you Capin and Portuguesea right.
This is always the interesting bit in the Portugal news.
Can we not have comments please at the Portugal resident.
This measure is not the solution to the housing problem,
says ab in the algov As. I suspected somebody might say,

(08:01):
and I have inkling myself, that this alone would not
solve the situation. The cost of building materials globally is
a major factor. Yeah, and especially the cost here in Portugal.
It doesn't help. It doesn't make it attractive to develop us.
We've talked to Bobby about this before, haven't we, Bobby? Alrighty. Furthermore,
there are many people who have gotten mortgages in the
last five years. If we devalue houses and properties in

(08:22):
general like it will result in people potentially walking away
from mortgages. That's a shot in the foot, isn't it.
I would On the other hand, James in the algov
would put one hundred percent tax on second Portuguese property
owned by EU non EU residents. That way it will
filter out the landlaws that are price scoured using Airbnb. Yes,
second homes that seems a bit fairer, does it not

(08:45):
purchase thereof a populist foreigner bash. Populist foreigner bashing that
will punish the few and benefit none is what Mark
Holden thinks. Gary Bickley, please do your homework. The tax,
the one hundred percent taxes an idea in Spain. It's
not even be put in front of the parliament to
approve it. Yes, so that did concern me saying that
it had been approved. It's being talked about. It's a

(09:07):
political football still, as so many things are. This is
a brilliant idea inverted commas. Socialists and communist solutions have
really benefited the populations around the world that I could
tell where Marty stands on the political spectrum there. I
agree this isn't the solution. The government should put a
cap in how many houses foreigners an e you can buy,

(09:27):
since there is people that buy more than one house
and many of them are empty all year around. Only
the gardens and cleaners, plus the tradesmen that go there.
They do their jobs and they've never lived in them. Right, Yep,
that's a fair point. From Isabelle Oli Vader from Lisbon.
This will show whom the government serves, and most of
us already know the outcome. Also, non individuals have no place.

(09:51):
Non individuals have no place owning homes. Oh, I see
that's funds buying houses rather than individuals. Yeah, that's an
interesting point as well. There are older empty houses everywhere
if you look, but the Portuguese don't want to live
in them. Well they might be a bit more complicated
than that, david S, but there are certainly a lot
of empty houses around, says Penafiel from the USA, instead

(10:11):
of trying to follow Spain's model, which is certain to fail.
And is there any guarantee that you won't get squirted
by a water pistol even if you have paid one
hundred percent tax? I think not. Who wants to go
and live in a country with that sort of hostility?
They don't know. If you're sat outside a restaurant in Barcelona,
if you've paid one hundred percent tax or not and
paid your dues as it worth, this does come about
and then squirt you with a water pistol as well. Pa,

(10:33):
no stick to Portugal, friends. I won't read all the comments,
but you get the gist there, So not a problem
for you if you're already a resident here in Portugal.
Possibly if you are not already, and if you're thinking
of moving here, let's chat with Colleen Sheowalter a little
bit later on about her methods for moving you here,
including tuning in to your place here in Portugal. So

(10:54):
what do you think of that? Folks? Let's see pt country.
These articles are like a g aim of telephone. What's
that mean? One hundred percent tax measure has not been
approved exactly? I think you're right. The English news is
often false. There is there are substantial legal questions as
to its enforceability. Well said, but that's what I read
what it said in the Portugal news. There they are

(11:15):
talking about it being approved. It's not helping, is it?
Is it? It's bucketing down here. That's not a fiscal
or taxation comment, although it could also be true. I
suspect says Jackie peeing down Carl. Isn't a one hundred
percent tax on second homes? No, it's I think it's
the first time for foreigners or some of them. Anyway,

(11:35):
it hasn't been approved yet. Thank you, Coach Turner. If
you want to write a comment if you want to
flame up the old Portugal News for saying that it's
been approved. Excuse me a minute, Tickli throat. I've been
doing a lot of talking, well I normally do, don't
know if I've been doing it especial a special lot
of talking in the last twenty four hours. Last night

(12:01):
we had the five property hotspots in Portugal by the
quick before there's one hundred percent tax on them. That
was brilliant with just forgot his name, Oh my goodness,
Peter Peter of course, Peter von Noonan of the Portugal Company.
And also coming up next week tax efficient tips. Just
so you know, in just under a week seven thirty

(12:23):
Lisbon time, tax efficient tips and financial planning for expats
in Portugal, I should be hosting those that webinar and
the town hall thereafter. I could be coming back to
the town Hall and the controversy around eating paschdeld natas
with a spoon in a little while. At first I
was afraid, I was petrified. No, at first I was disgusted,
and then I was hugely surprised when I put this

(12:44):
conundrum to the town Hall team last night. You shall
you shall too, see the results about what they had
to say when I put that to them anyway, Bondia
from a windy shut down Edinburgh. You're in Edinburgh, even
Tesco closed for the wind. We'll see how it compares
to Colorado. Wow. Cheers Bob. You're over in Edinburgh and
you sent pictures of the current storm being endured in

(13:07):
Scotland over there. That's well. Oh Edinburgh night as well,
that's nice. I will come back to the one hundred
percent tax thing in just a moment. Oh viv you
found yourself a Portuguese cock crawl in Edinburgh by the
look of it. That's fantastic, okay, And is that you
found a Portuguese restaurant or cafe world don't YouTube? Excellent stuff,

(13:27):
Thank you very much. Oh James James, I think he's
still snoozing the old guy in Europe, but he has
a new video out today, of course, it being Friday,
a typical day for an old guy in Europe. Check
it out on YouTube. Right back to your comments about
this one hundred percent tax then, and your comments coming
in as you might expect. I think you'll be commenting
on my next item as well. It could be bad

(13:48):
news for those that would eventually like to sell as
you're limiting the market. But just like Trump and sanch
hold on a minute, old government incompetence and lack of
any that was that was kind of awkward, that shoehorning
in there, Pete. Anyway, government incompetence, You show me a
government that that is not suffering from that in the

(14:10):
world right now, my friend. And lack of effort guarantee
that it will never happen anyone, remember a wall. Amazing, Pete,
how you're how you're managing to show your disdain, co opting,
co opting a European story to do a bit of
US bashing there, Bondia, Carl and gumpas from a huge storm.

(14:31):
It might be a huge storm battering island and then
Scotland country closed down like it's Christmas COVID lockdown feeling.
That's amazing. A fresh three degrees at present and minus
one overnight. The James is here. Everybody who started that
rumor that he was still snoozing and drooling in bed
might have been me, Bondia, Wow, Gumpers, good luck up there, James.

(14:54):
Fully he's up and about and he's up north as
well in the country putting the sex into say steffe
air up there in Espinho, good luck, make fingers crossed
for you up there. Yeah, game of telephone the I
don't I've not heard that reference a game of telephone.
Well you just dial in any old, any old numbers.

(15:15):
Good morning everyone from Gemini. How are you doing, Gemin?
I love to see you here this morning. Thanks thee
and lots of power outages across Northern Ireland and in
the Republic half without power. That's incredible. Even when high
red winds ease, the Amber winds will be too dangerous
to try and repair the damage systems due to flying debris.
My god. One possible problem with this talk of tax

(15:38):
changes is it sometimes the results become retroactive. No, oh,
dear Gemini. I got friends who have beautiful homes in
Spain and also Portugal. But they love Spain. The Brits,
Oh yeah, the Brits do love Spain. But for how
much longer we don't know percent tax is going to happen.
It might be time to look into America. I don't

(15:59):
think that's such a crazy idea. Actually, I know a
few Americans aren't too keen on the idea, And there's
quite the turmoil going on at the moment. But I
love visiting America, and I don't know if you grow
up somewhere, so you know, I have the same thing
with the UK. I don't feel like I ever want
to go back to the UK. And when I've been
to my memory of America, of the United States is

(16:20):
that it will be an amazing place to live. You
can find your little place out back somewhere, so they go.
Maybe that's going to be a thing soon. Bondier morning,
greetings from a moist and groovy ah. An upgrade in Villanova,
surveyor this morning not only moist in the mena, but
a groovy meno too. Wishing you were happy Friday in
a wonderful weekend. Say very much, but a tony time

(16:41):
from the man in the mena. There. Oh, let's cross
our fingers for Deagle as well. Power flickering, think we
will lose power soon in Belfast? Will you take care there, Digle.
I hope you've got your candles ready and you filled
up the bath up with water and done all those
prepper type things. But on the allegory of Gumpers, it's
a busy day today. By the sound of it for

(17:01):
tea duck and we found Portugal when we arrived. That's interesting,
isn't it. A Lagosh man driving our taxi. Great conversation.
Nando's for dinner with the Oh. I see, you're not
talking about when you came to Portugal, the intuitive process.
You're talking about how Portugal leapt out to you found
Portugal up in Edinburgh, Lagosh taxi driver in Edinburgh. A

(17:22):
great conversation. Nando's for dinner with the wind forecast. Even
Tesco is close today, that's amazing. Yes. I love mountain air,
mountain air, possibly mountain airy in oh No, mount airy
in Maryland. I love driving the tractor and doing stuff
on the farm. Gemini Ahi, danis British? Are you American?
The game of Telephone Ah. A group of people sit

(17:44):
in a circle. Ah okay. This used to be Chinese whispers,
until presumably that was thought of was racist. A group
of people sat in a circle and someone whispers a
phase or phrase into the ear of the first person.
The person whispers the phrase into the year of the
person next to them, and the game of telephone they go.

(18:06):
It is Chinese whispers, as the racist Brits would have it,
except when it's a group of Chinese people playing it
and then it's just whispers. Of course, Bond, BONDI the
great story. Well it's a sad story really, but it
comes from the illustration of telephone Chinese whispers, whatever you
might want to call it was by the time the

(18:27):
message send reinforcements, we're going to advance. I think this
is a wartime. Is the word apocryphal where we don't
know if it's true, but it kind of makes the
point anyway, Pete, although Pete will know who said this,
and when we send reinforcements, we're going to advance. Got
changed by the time it got to its destination to

(18:48):
send three and four pence, we're going to a dance.
And can imagine the general was back in the bunker.
What send three and four perths We're going to a dance.
Those man's completely bad. Shoot them ball, Bond. It's been
a while since I jumped in, Vicky, You're most welcome
jumping in. This morning of Janna de Cristello is a
perfect new home for us. Great to hear that tax
changes are just another point in the pendulum swing. That's

(19:11):
an interesting way of looking and it change is inevitable
good or bad. M Oh, you're bringing a zen stoicism,
which is a mixed metaphor. I know, but it kind
of makes the point, doesn't it. Very good, Ricky, thank you.
I'm British and British as it comes. Oh wow, what
does that mean? Never change? Cousin out there? What so

(19:36):
very British? Yeah, Gem and I Bradshaw, Yes, thank you
very much, Gemy and I for being with us this morning.
Thank you very much. Probably wearing a bowler hat, strolling
down the street with a briefcase and brolly in hat.
When the last person has oh okay, I think we've
done that, James, but thank you. When the last person
has the phrase whispered in their ear they heard it
is normally totally different. Ye. Absolutely. I find that it's

(19:57):
like that with myself, let alone with a group of people.
Something I'm thinking in the morning is entirely different by
the time. That's if I can remember it. If I
can remember, it's usually changed by the evening. Thank you
very much. Let's move on. It's already twenty two minutes past.
Let's do a bit of weather. Then, I've got I've
got some culture. I've got the well being video from

(20:19):
the coach. Right, okay, get you get you, get your
greetings in, tell me what you're doing for the weekend
as well, and let's let's ease our way into that
bondfing surmant, shall we. And yeah, oh, he's slightly longer
than he intended, as the actress said to the bishop,

(20:39):
but we will be playing Coach Turner's video as well
as part of the well being courage of the Bondie Dead.
Just to conclude on this first twenty minutes, though, let
me just have a look at the weather. Should we
go to IPMA for the weather today and see what
warnings might be in place here in point that might
be a bit more useful my it not here in Portugal.

(21:02):
And what I'm seeing, ah, the reason why I'm not
seeing any yellow or orange is because I'm looking at
the danger of rural fires at the moment. That's an
old screen on there, and thankfully, obviously with the weather
the way is, there are no concerns about rural fires
at the moment. However, there's also the bi valve information.

(21:23):
We haven't looked at that for a little while. On
the coast, they give you a bi valve update which
is extraordinary, is it not? And I'm trying to find
that the straightforward I'm looking at. Climate is very complicated.
I'll tell you. I'm going to show you how complicated
it is over at it. But if you are looking

(21:43):
for comprehensive weather information, you might want to do this.
You might want to go to IPMA dot pt, which
I shall bring onto the screen for you. Now there
you go. That's not especially helpful. If I go back
to the homepage, you'll see all the sort of information
that is given to you there. And I'm not I'm

(22:05):
seeing with the with the weather warnings as you can
see in over towards the middle and left the coast
and the northern coast, especially with a yellow at the moment,
and inland and down in the Algarve without warning actually
at the moment, but warnings are coming down from Vienna
to Costello where you are, VICKI, all the way down

(22:27):
to just north of me here on the coast. I
would say Jelia is underwarning, as is lash Lis Bore.
It's lash Boa with the winds at the moment. Lash
boas that kind of British headline, that isn't it? Agitas
maritima so marine agitation and that's a warning until tomorrow. Okay.

(22:51):
So they go and the weather fifteen degrees and cloudy
up in Vienna, the Costello and combing down to the
Algarve where we've got sixteen in Sagreshta high seventeen over
in Furrow. So great, great to climatological all kinds. It's
a very diverse report when you go over to ipmah

(23:13):
and I will put the link to that in the
chat for you right now. Okay, let's do. Let's go
to a few more of your comments. We'll talk about
the rolling Stones rolling back into a lish bow playing
at the Benfica Stadium, I think as well, which will
make it very difficult, I think, for for sporting fans

(23:34):
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