Spain's planned 100% property tax for non-EU buyers could hurt more than it helps, economists say
Spain's prime minister said too many foreigners were buying investment homes. But efforts to discouraging them could hit the economy, experts said.
Spain Targets Non-EU Property Buyers with Bold Tax Plan
Spain is set to introduce a groundbreaking tax on properties bought by non-residents from countries outside the European Union. Prime Minister Pedro Sánchez announced this ambitious measure alongside a series of initiatives aimed at combating the nation’s ongoing housing affordability crisis.
Spain is considering a 100% tax on homes bought by people outside the EU. Here's why
Spain plans to limit the number of homes foreigners purchase by raising taxes by up to 100% on properties bought by people who are not European Citizens and do not reside in an EU country, and who often are buyers of investment properties. He didn’t provide a timeline or details on how he plans to implement the tax.
Spain plans 100% tax for homes bought by non-EU residents
Spain is planning to impose a tax of up to 100% on the value of properties bought by non-residents from countries outside the EU, such as the UK. Announcing the move, Prime Minister Pedro Sánchez said the "unprecedented" measure was necessary to meet the country's housing emergency.
Spain introduces 100 per cent tax on properties owned by non-EU residents
Prime Minister, Pedro Sánchez, has announced his plan to roll out a tax of up to 100 per cent on properties owned by non-residents in Spain.
PM Pedro Sanchez to raise tax on Airbnb tourist flats and non-EU residents buying property in Spain
PRIME Minister Pedro Sanchez has announced plans for tax increases on tourist flat rentals and restrictions on non-EU residents buying a home in Spain.
Spain Seeks to Set 100% Tax on Non-EU Citizens Buying Houses
Spain’s government will seek to limit the number of houses sold to foreigners by significantly raising the taxes they pay.
How Spain’s proposed 100% property tax for non-EU buyers could impact the housing market
Spain’s proposed 100% property tax on non-EU buyers aims to combat the housing crisis, but could it destabilise the real estate market?
Spain Mulls 100% Tax On Homes Bought By Non-European Union Buyers
Spain is planning a raft of measures to address its brewing housing crisis, including an up to 100% tax on properties bought by people who are neither citizens nor residents of the European Union. Spanish Prime Minister Pedro Sánchez announced the plan this week to tackle housing affordability and high rents in the Southern European nation.
Spain is planning a radical fix for its housing crisis: A 100% tax on non-EU buyers
Spain's Prime Minister Pedro Sánchez said too many people were buying Spanish homes as an investment rather than to live in.
Spain axes popular golden visa, plans 100% tax on foreign buyers in response to housing crisis
To not become a society divided into two classes, the rich landlords and poor tenants,' said Spain's Prime Minister Pedro Sánchez.
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Want to move to Spain in 2025? Beware of new property tax, anti-tourism protests and Airbnb bans
Pressure on Spain’s housing market has been exacerbated by overtourism and the proliferation of short-term holiday rentals.