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