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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
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 Prime Minister Pedro Sanchez has accused the US technology billionaire Elon ... it should think about giving the capacity to do so back to EU member states,” French Foreign Minister Jean-Noel Barrot told France Inter radio earlier on Wednesday.
Spain is planning to impose a tax of up to 100% on properties purchased by non-residents from countries outside the European Union, such as the United Kingdom. Prime Minister Pedro Sánchez announced this "unprecedented" measure as part of a broader strategy to address the nation's housing crisis and improve affordability.
Spain declared "war" on British tourists this week as it announced a swathe of new measures to tackle its housing crisis - but Greece, Portugal and France could now follow suit
Spain wants non-European Union residents to pay as much as 100% tax for home purchases in the country as it seeks to stem growing discontent over rising real estate prices.