Spain proposes 100% tax on property purchases for non-EU buyers
- Spain's Prime Minister Pedro Sánchez proposed a 100% tax on property purchases for non-EU buyers to address the housing crisis in the country.
- The proposal comes as Spain has seen a 24% increase in homelessness since 2012, with 45% of renters at risk of poverty.
- Sánchez noted that non-EU nationals bought 27,000 properties in Spain in 2023, primarily for speculation rather than residence.
- The government plans to finalize the proposal after careful study, as part of a dozen measures to improve housing affordability.
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Total News Sources0
Leaning Left27Leaning Right22Center29Last UpdatedBias Distribution37% Center
Bias Distribution
- 37% of the sources are Center
37% Center
L 35%
C 37%
R 28%
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