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Spain planning 100% tax on homes bought by non-EU residents
Measure aims to tackle the country's housing crisis
© Getty Images
Spain is proposing a tax of up to 100% on the value of properties purchased by non-residents from non-EU countries, including the UK.
Prime Minister Pedro Sánchez described the measure as "unprecedented" and emphasized its importance in addressing the country's housing crisis. He highlighted that non-EU residents acquired 27,000 properties in Spain in 2023, often not for personal use but as investment opportunities to generate profit.
Spain’s housing market has become a hotspot for real estate investors, creating challenges for local residents. This proposed tax is one of several measures under discussion to tackle the issue.
At the same time, Spain has introduced new regulations requiring tourists to share more detailed personal information during their travels, and many tourists are outraged. What red tape do they have to face in order to visit the country? And why were these regulations put forward in the first place? Click through this gallery to find out.
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