social media, EU and Spain
MADRID (Reuters) - Spanish Prime Minister Pedro Sanchez said he would propose to ban purchasers from outside the European Union from buying properties, as the government seeks to curb rising housing prices, which have become an increasing source of friction.
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.
In Spain, an ‘unprecedented’ housing tax on foreign-owned properties Spanish Prime Minister Pedro Sánchez said last Wednesday that his government would issue a 100% housing tax on properties bought by residents from outside the European Union.
Spain's prime minister said too many foreigners were buying investment homes. But efforts to discouraging them could hit the economy, experts said.
Spain's Prime Minister Pedro Sánchez said too many people were buying Spanish homes as an investment rather than to live in.
Pedro Sanchez said the EU should put an end to anonymity of users in social-media platforms and hold their CEOs personally accountable if they fail to comply with regulations.
U.S. president Donald Trump has apparently confused Spain for a member of the BRICS bloc of developing economies, causing some head-scratching and jitters over possible tariffs in Madrid.
Tourism is booming in Spain, helping the economy rival even healthy US growth. It will also be a buffer against Trump’s tariffs.
As Spain continues dealing with a nationwide housing crisis, its government has proposed an unconventional fix to the problem — and one that will not please foreigners. Spain has announced plans to implement a 100% tax on homes purchased by non-European Union residents,
Spain’s government will seek to limit the number of houses sold to foreigners by significantly raising the taxes they pay.
Socialist PM Sanchez announces several measures, including 100 percent tax on foreigners, to tackle the housing crisis.