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The Independent UK
The Independent UK
National
Via AP news wire

Why is Spain considering a 100% tax on homes bought by non-EU residents?

Spain Foreigners Housing Tax - (Copyright 2024 The Associated Press. All rights reserved.)

Spain is planning a raft of measures to address its brewing housing crisis, including an up to 100% tax on properties that non-European Union residents buy.

Spanish Prime Minister Pedro Sánchez announced the plan this week which will tackle housing affordability and high rents in the Southern European nation. He said the overall goal was to provide “more housing, better regulation and greater aid.”

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