Why is Spain considering a 100% tax on homes bought by non-EU residents?
Spain is planning a raft of measures to address its brewing housing crisis, including an up to 100% tax on properties bought by non-European Union residents. Spanish Prime Minister Pedro Sánchez announced the plan this week to tackle housing affordability and high rents in the Southern European nation.
‘Too many Airbnbs’: Spain’s prime minister wants up to 100% property tax on foreign buyers
Spain’s prime minister is pushing for far-reaching action to ease the nation’s housing crunch, including a tax of up to 100% on property purchases by non-European Union buyers.
Expats to be ‘severely impacted’ by Spain’s 100% tax on foreign homes
One of these measures aims to limit the purchase of homes by non-resident, non-EU foreigners, by making them pay up to 100 per cent of the value of the property they wish to buy in tax. Speaking at a housing forum event, Sanchez warned access to housing has become “one of the main challenges facing European societies, such as the Spanish one”.
Spain is planning a radical fix for its housing crisis: A 100% tax on non-EU buyers
Spain's Prime Minister Pedro Sánchez said too many people were buying Spanish homes as an investment rather than to live in.
Spain plans 100% tax for homes bought by non-EU residents
Spain is planning to impose a tax of up to 100% on properties bought by non-residents from countries outside the EU, such as the UK. Announcing the move, Prime Minister Pedro Sánchez said the "unprecedented" measure was necessary to meet the country's housing emergency.
Spain plans to tackle housing crisis with 100% tax on homes bought by foreigners
Spain is planning to impose a tax of 100% on homes bought by non-EU residents as it looks to tackle an entrenched housing ...
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Spain to hit Brits with 100 per cent property tax in holiday home crackdown
Housing has become a major issue in Spain as the tourism industry is blamed for high rental and purchase prices ...