US EditionSpain 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.
262 Articles
262 Articles
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…
A country in Europe where many Romanians live is planning to impose a 100 percent tax on housing! Here's where this could happen and who would have to pay huge sums in this context. The article 100 percent tax on housing! Who will have to pay huge sums first appeared on Romania TV.
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.
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
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