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Spain proposes 100% tax on property purchases for non-EU buyers

Spain proposes a 100% tax on property purchases for non-EU buyers, as announced by Prime Minister Pedro Sánchez.
The tax aims to address a housing crisis, with a 24% increase in homelessness since 2012 in Spain, according to a Reuters report.
Sánchez stated that non-EU nationals bought 27,000 properties in Spain in 2023, primarily for speculation, not residency.
The proposal is part of a broader plan to improve housing affordability, which includes various measures for landlords and public housing.

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The Epoch Times

Spain Plans 100 Percent Tax on Non-EU Residents Buying Homes

Spain is planning to levy a 100 percent tax on homes purchased by non-European Union residents, the government announced on Monday. Spanish Prime Minister Pedro Sanchez’s socialist government said it was aiming to limit the purchase of homes by foreigners with the tax increase, pointing to similar schemes that have different mechanisms but similar aims in Denmark and Canada. On Monday, Sanchez told an affordable housing event at the Railway Muse…

2 months ago·New York, United States

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Daily Express

British tourists could avoid Spain 100% tax bombshell with little known loophole

EXCLUSIVE: Second-hand homes in different Spanish regions could offer a way out of Madrid's staggering proposed 100% tax hike on new purchases, experts say.

2 months ago·United Kingdom

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EURACTIV

Spanish oppositions slams 'xenophobic' homebuyer tax

Spain's Socialist government said it would limit the purchase of homes by non-EU residents by increasing the tax they have to pay by as much as 100% of a property's value. The post Spanish oppositions slams ‘xenophobic’ homebuyer tax appeared first on Euractiv.

2 months ago·Brussels, Belgium

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Liverpool Echo

France and Portugal may follow Spain's tax hike and tighten rules for Brits dreaming of life abroad - Liverpool Echo

Spain has warned non-EU residents, including Brits, they will face a huge bill if they want to buy a second home in the country - and several other European nations could soon follow suit

2 months ago·Liverpool, United Kingdom

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Irish Independent

All eyes on Spain as prime minister targets non-EU residents’ homes in housing crackdown

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

2 months ago·Ireland

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Daily Mirror

France and Portugal to copy Spain's new law crushing the dreams of Brit tourists

Non-resident citizens from countries outside the European Union, including the UK, will face a big tax bill if they want to buy a home in Spain, its PM Pedro Sánchez said

2 months ago·London, United Kingdom

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