Spain scares off foreign property buyers with new tax threat

Spain scares off foreign property buyers with new tax threat

Amid rising real estate prices, Prime Minister Pedro Sanchez wants to impose a 100% tax on property bought by foreign speculators. How does the plan compare with other countries where housing affordability is an issue?

How Spain's 100% tax on non-EU property buyers will work

Following the international news that Spain will try and stop non-EU non-residents from buying property by taxing them at 100 percent, many have wondered how it'll actually work in practice. Here's what we know so far.

Spain's planned 100% property tax for non-EU buyers could hurt more than it helps, economists say

Spain has moved to put a 100% property tax on non-EU homebuyers.John Keeble/Getty ImagesSpain's planned 100% tax on non-EU homebuyers is unlikely to solve its housing crisis.Spain's prime minister said too many foreigners were buying properties as investments, not homes.But hiking taxes could discourage buyers and hurt Spain's economy, economists told BI.Spain's plan to impose a 100% tax on homebuyers from non-EU countries like the US and UK may…

Spain's '100 per cent' property tax for Brit tourists as soon as summer

Spain has announced plans to impose a tax of up to 100% on real estate bought by non-residents

How will Spain's hefty new property purchase tax for non-EU buyers affect the Costa del Sol?

Concern abounds in the residential tourism sector with warnings that the announcement alone has already created market uncertainty