Spain imposing 100% tax on homes bought by foreigners

Spain imposing 100% tax on homes bought by foreigners following American homebuying wave
Spanish Prime Minister Pedro Sanchez on Monday proposed a 100% tax on foreign-bought homes to help address the country's housing crisis. Why it matters: The tax would apply to all homes that non-EU residents purchase,
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’s proposed house tax on foreigners will not fix its shortage
Much of Europe faces housing shortages, but Spain’s is especially acute. It is not just rents: 75% of Spaniards own property, but for young people the prospect of a first-time buy is receding into middle age.
Brits buying homes in Spain to be hit with 100% property tax
Simon Calder, travel correspondent of The Independent, said: “If any British buyer ever has to pay 100 per cent tax on a property purchase in Spain, I will eat my sombrero. The Spanish prime minister’s comments are squarely for domestic consumption.
What British expats in Spain think of 100% property tax plan
Real estate in Spain is currently taxed at 10 per cent for new-build homes and 6 per cent for existing properties. Sanchez said the “unprecedented” measure was necessary to meet the country’s housing emergency, claiming non-EU residents bought 27,000 properties in Spain in 2023, “not to live in, but to make money from”.
Spain PM proposes 100% tax on homes bought by foreigners
Spanish Prime Minister Pedro Sánchez on Monday proposed a range of measures to combat a housing crisis in the country, including a 100% tax on the purchase of homes by non-resident non-EU foreigners.
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 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 scares off foreign property buyers with new tax threat
Amid rising real estate prices, Prime Minister Pedro Sanchez wants to impose a 100% tax on property bought by foreign speculators. That downturn was fueled by years of overbuilding and property speculation,
Spain's '100 per cent' property tax for Brit tourists as soon as summer
This move is part of Spain's strategy to address its housing crisis. María Ramírez, deputy managing editor of Spanish news outlet elDiario.es. She told The Guardian: "The policy
UK could face Spain-style holiday home tax as Brits 'back 100% tax'
The UK could be at risk of a holiday home tax like that announced by the Spanish Prime Minister amid its housing affordability crisis.
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Spanish Leader's Opponents Say 'Xenophobic' Foreign Homebuyer Tax Will Not Be Applied
Spanish Prime Minister Pedro Sanchez's opponents on Tuesday said a proposed tax on property purchases by non-European Union residents was "xenophobic" and they would not apply the levy in the regions ...