Spain plans 100% tax for homes bought by non-EU residents

The measure is meant to help tackle the country's housing crisis, the prime minister said.

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Announcing the move, Prime Minister Pedro Sánchez said the "unprecedented" measure was necessary to meet the country's housing emergency.

"The West faces a decisive challenge: To not become a society divided into two classes, the rich landlords and poor tenants," he said.

Non-EU residents bought 27,000 properties in Spain in 2023, he told an economic forum in Madrid, "not to live in" but "to make money from them".

"Which, in the context of shortage that we are in, [we] obviously cannot allow," he added.

https://www.bbc.com/news/articles/cr7enzjrymxo

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