Proclaiming that "too many Airbnbs" have led to a housing crisis, Spain's prime minister said he wants to implement a slew of new policies that includes a tax of up to 100% on homes purchased by buyers outside of the European Union.
"What’s lacking is housing," Prime Minister Pedro Sánchez said Monday, adding that some 27,000 homes and apartments in the country were purchased by non-EU residents last year. Many of those, he said, are not purchased with the intent for the buyer to live in them, but rather to rent out on platforms like Airbnb, to the detriment of the local community.
