Tag #Housing Crisis

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cnnespanol.cnn.com

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Jan 15, 01:07

Spain Announces 100% Tax on Non-EU Property Purchases to Combat Housing Crisis

Spanish Prime Minister Pedro Sánchez announced a potential 100% tax on property purchases by non-EU citizens and increased taxes on short-term rentals to combat a housing shortage, while also creating a public body to build more homes. Non-EU residents bought 27,000 homes in Spain in 2023.

Spain Announces 100% Tax on Non-EU Property Purchases to Combat Housing Crisis

Spanish Prime Minister Pedro Sánchez announced a potential 100% tax on property purchases by non-EU citizens and increased taxes on short-term rentals to combat a housing shortage, while also creating a public body to build more homes. Non-EU residents bought 27,000 homes in Spain in 2023.

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Sustainable Cities and Communities

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How might the proposed increased taxes on short-term rentals affect the tourism sector in Spain, and what are the potential economic consequences?

The proposed tax, impacting buyers from the UK and US among others, aims to curb speculation and free up housing. Additional measures target short-term rentals, aiming to increase tax revenue from this sector and address the overabundance of Airbnb rentals compared to housing available for residents.

elpais.com

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Jan 15, 10:10

Spain's Insufficient Housing Plan Amidst Soaring Demand

Spain's recent housing plan, announced by President Pedro Sánchez in November 2023, aims to tackle rising housing costs and limited access, but critics argue it's insufficient to address the doubling of housing demand in the last decade, driven by investment and household growth; the plan includes m...

Spain's Insufficient Housing Plan Amidst Soaring Demand

Spain's recent housing plan, announced by President Pedro Sánchez in November 2023, aims to tackle rising housing costs and limited access, but critics argue it's insufficient to address the doubling of housing demand in the last decade, driven by investment and household growth; the plan includes m...

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What are the immediate consequences of the insufficient housing plan in Spain, considering the current housing crisis's scale and global parallels?

In November 2023, Pedro Sánchez, upon becoming Spain's president, declared housing as a legislative priority. This reflects a national crisis mirroring a global trend of rising housing costs and limited access affecting many Western democracies. While acknowledging the problem's complexity, the government's plan, though well-intentioned, is deemed insufficient for the current crisis.

theguardian.com

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Jan 14, 01:10

Spain Proposes 100% Tax on Non-EU Property Purchases to Curb Housing Crisis

Spain plans to impose a tax of up to 100% on real estate bought by non-EU residents to tackle its housing crisis, impacting an estimated 27,000 transactions in 2023, alongside plans to expand social housing and regulate short-term rentals.

Spain Proposes 100% Tax on Non-EU Property Purchases to Curb Housing Crisis

Spain plans to impose a tax of up to 100% on real estate bought by non-EU residents to tackle its housing crisis, impacting an estimated 27,000 transactions in 2023, alongside plans to expand social housing and regulate short-term rentals.

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What is the immediate impact of Spain's proposed 100% tax on property purchases by non-EU residents?

Spain announced a potential 100% tax on property purchases by non-EU residents to combat its housing crisis, impacting approximately 27,000 transactions in 2023 alone. This measure, alongside others targeting short-term rentals, aims to increase the availability of affordable housing.

bbc.com

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Jan 14, 13:07

London High-Rise Evacuations Highlight Large Panel System Building Risks

Residents of two London high-rises built with Large Panel System (LPS) concrete are being evacuated due to safety concerns, highlighting systemic issues with this building type and raising questions about transparency and resident rights.

London High-Rise Evacuations Highlight Large Panel System Building Risks

Residents of two London high-rises built with Large Panel System (LPS) concrete are being evacuated due to safety concerns, highlighting systemic issues with this building type and raising questions about transparency and resident rights.

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Sustainable Cities and Communities

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What are the potential long-term impacts of this situation on housing policy, building regulations, and the well-being of residents in similar buildings across the UK?

The incidents underscore the long-term consequences of inadequate building safety regulations and communication with residents. Future implications include increased scrutiny of LPS buildings nationwide, potentially leading to widespread remediation or demolition projects. The financial burden on both councils and leaseholders, along with the emotional distress caused by displacement, raises questions about responsible housing policy and risk assessment.

euronews.com

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Jan 14, 16:12

Spain Announces 100% Tax on Non-EU Property Purchases to Tackle Housing Crisis

Spain will implement a 100% tax on property purchases by non-EU buyers to combat its housing crisis, impacting approximately 27,000 transactions in 2023, part of a wider strategy by Prime Minister Pedro Sánchez.

Spain Announces 100% Tax on Non-EU Property Purchases to Tackle Housing Crisis

Spain will implement a 100% tax on property purchases by non-EU buyers to combat its housing crisis, impacting approximately 27,000 transactions in 2023, part of a wider strategy by Prime Minister Pedro Sánchez.

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What is the immediate impact of Spain's proposed 100% tax on property purchases by non-EU citizens?

Spain plans a 100% tax on non-EU residents buying property to curb its housing crisis, impacting 27,000 transactions in 2023 alone. The move aims to reduce speculation and increase housing affordability for Spanish citizens.

cnbc.com

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Jan 14, 16:12

Los Angeles Wildfires Exacerbate Housing Crisis, Sparking Price Gouging

The recent Los Angeles wildfires have created a housing crisis, with landlords exploiting the situation by significantly increasing rental prices, often exceeding the legally permitted 10% during a state of emergency, impacting various socioeconomic groups and potentially worsening the existing home...

Los Angeles Wildfires Exacerbate Housing Crisis, Sparking Price Gouging

The recent Los Angeles wildfires have created a housing crisis, with landlords exploiting the situation by significantly increasing rental prices, often exceeding the legally permitted 10% during a state of emergency, impacting various socioeconomic groups and potentially worsening the existing home...

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What is the immediate impact of the Los Angeles wildfires on the city's rental market, and how significant is the price gouging?

Following the recent wildfires in Los Angeles, a housing crisis has intensified, with some landlords significantly increasing rental prices, even exceeding the legally permitted 10% increase during a state of emergency. One family was shocked to find a five-bedroom home listed at $28,000 per month, more than double the previous year's rent. This price gouging is illegal and has sparked outrage.

elmundo.es

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Jan 15, 01:07

Madrid Building Terrorized by Squatters: Years of Harassment and Institutional Failure

Residents of a building in Madrid's Puente de Vallecas are facing severe harassment and threats from squatters who illegally occupied the building after developer bankruptcy, forcing some residents into psychological treatment and escalating into a complex conflict involving Sareb and alleged politi...

Madrid Building Terrorized by Squatters: Years of Harassment and Institutional Failure

Residents of a building in Madrid's Puente de Vallecas are facing severe harassment and threats from squatters who illegally occupied the building after developer bankruptcy, forcing some residents into psychological treatment and escalating into a complex conflict involving Sareb and alleged politi...

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Peace, Justice, and Strong Institutions

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How did the bankruptcy of the original developers and Sareb's subsequent involvement contribute to the current crisis?

The crisis stems from the bankruptcy of the original developers, leaving the building in the hands of Sareb, the Spanish 'bad bank'. Sareb's handling of the situation is heavily criticized by residents, who accuse the entity of delays, preferential treatment of squatters, and even selling a property to a squatter's family. This has created a power struggle between residents, the bank, and the squatters, exacerbated by alleged political involvement.

elpais.com

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Jan 15, 10:10

Aragon Launches €400 Million Housing Plan to Combat Shortage

Octavio López, Aragon's Minister of Development, details a €400 million, six-year housing plan including 1,157 new rental units for young people in Zaragoza, with unique subsidies, and 470 public rental units in tourist areas, rejecting rent caps but emphasizing construction and public-private partn...

Aragon Launches €400 Million Housing Plan to Combat Shortage

Octavio López, Aragon's Minister of Development, details a €400 million, six-year housing plan including 1,157 new rental units for young people in Zaragoza, with unique subsidies, and 470 public rental units in tourist areas, rejecting rent caps but emphasizing construction and public-private partn...

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No Poverty

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How does Aragon's housing plan differ from the national housing law, and what are the arguments justifying this divergence?

The plan tackles Aragon's 2.5% public housing (vs. Spain's 3% average) by incentivizing private construction on public land and offering subsidies for both developers (€5,000) and buyers (€17,000) of protected housing. This addresses the inability of 30,000 young people to access protected housing due to down payment requirements.

elmundo.es

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Jan 14, 07:06

Spain's Tourism Boom Exacerbates Housing Crisis

Spain's tourism sector is booming in 2024, with nearly 100 million tourists expected; however, this success is coupled with a housing crisis as the number of tourist accommodations (VUT) surpassed hotels in August 2023, reaching 36.5% of the total, while illegal listings may be nine times higher tha...

Spain's Tourism Boom Exacerbates Housing Crisis

Spain's tourism sector is booming in 2024, with nearly 100 million tourists expected; however, this success is coupled with a housing crisis as the number of tourist accommodations (VUT) surpassed hotels in August 2023, reaching 36.5% of the total, while illegal listings may be nine times higher tha...

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No Poverty

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What is the primary impact of Spain's record-breaking tourism numbers on its housing market and what specific measures are local governments implementing in response?

In 2024, Spain's tourism sector, a major economic pillar contributing over 13% to the GDP, is expected to reach record-high tourist arrivals. However, this success is overshadowed by a housing crisis, as the number of tourist rentals exceeded hotel rooms in August 2023, reaching 36.5% of total accommodations.", A2=""The surge in tourist rentals, fueled by platforms like Airbnb and Booking, is exacerbating Spain's housing shortage, particularly in major cities like Malaga and Barcelona. This growth, exceeding 16% year-on-year to nearly 400,000 units by August 2023, is causing concern among local governments.", A3=""The lack of transparency from platforms like Airbnb and Booking regarding the true number of tourist rentals, coupled with the prevalence of illegal listings, complicates efforts to address the housing crisis. This situation points to the need for greater regulatory oversight and data transparency to effectively manage tourism's impact on housing availability.", Q1="What is the primary impact of Spain's record-breaking tourism numbers on its housing market and what specific measures are local governments implementing in response?", Q2="How does the significant increase in unregulated tourist rentals contribute to the housing crisis in Spain, and what role do platforms like Airbnb and Booking play in this issue?", Q3="What are the long-term implications of the current tourism-housing dynamic in Spain, and what innovative solutions could address both economic growth and housing affordability?", ShortDescription="Spain's tourism sector is booming in 2024, with nearly 100 million tourists expected; however, this success is coupled with a housing crisis as the number of tourist accommodations (VUT) surpassed hotels in August 2023, reaching 36.5% of the total, while illegal listings may be nine times higher than legal ones.", ShortTitle="Spain's Tourism Boom Exacerbates Housing Crisis"))

cnbc.com

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Jan 14, 13:07

Spain Imposes 100% Tax on Non-EU Home Buyers Amid Housing Crisis

To combat Spain's housing crisis, Prime Minister Pedro Sanchez proposed a 100% tax on homes bought by non-EU residents, alongside 11 other reforms including taxing tourist apartments as businesses and building more public housing, aiming to alleviate high prices and shortages impacting Spanish citiz...

Spain Imposes 100% Tax on Non-EU Home Buyers Amid Housing Crisis

To combat Spain's housing crisis, Prime Minister Pedro Sanchez proposed a 100% tax on homes bought by non-EU residents, alongside 11 other reforms including taxing tourist apartments as businesses and building more public housing, aiming to alleviate high prices and shortages impacting Spanish citiz...

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What is the Spanish government's response to its housing crisis, and what are the immediate impacts?

Spain's housing crisis is prompting a 100% tax on homes purchased by non-EU residents, part of a broader plan to address high prices and shortages. The measure targets speculation, not genuine residency, aiming to increase housing affordability for Spanish citizens.

theguardian.com

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Jan 14, 16:12

Australian Median-Income Households Face Record Rental Stress

A new report reveals that Australian households on median incomes now spend 33% of their pre-tax income on rent, the highest percentage since 2006, leading to increased household sharing and delayed moves from family homes, while advocates call for rent caps to address the ongoing housing crisis.

Australian Median-Income Households Face Record Rental Stress

A new report reveals that Australian households on median incomes now spend 33% of their pre-tax income on rent, the highest percentage since 2006, leading to increased household sharing and delayed moves from family homes, while advocates call for rent caps to address the ongoing housing crisis.

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What is the immediate impact of rising rental costs on Australian households, particularly those with median incomes?

Even Australians with median incomes are experiencing rental stress, allocating 33% of their pre-tax income to rent—the highest since 2006. This has led to delayed moves from family homes and increased household sharing.

elpais.com

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Jan 14, 10:09

Spain's Housing Crisis: A Bipartisan Approach Needed

Spain's housing crisis necessitates a combined approach, merging proposals from the PP and PSOE to increase housing supply by streamlining bureaucratic processes, investing in industrialized construction, and regulating existing housing stock through tax incentives and penalties.

Spain's Housing Crisis: A Bipartisan Approach Needed

Spain's housing crisis necessitates a combined approach, merging proposals from the PP and PSOE to increase housing supply by streamlining bureaucratic processes, investing in industrialized construction, and regulating existing housing stock through tax incentives and penalties.

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What concrete steps are proposed to immediately increase housing supply and reduce bureaucratic delays in Spain?

Spain's housing crisis demands a combined approach. The PP's plan to slash urban planning response times from nine to three months would drastically improve efficiency, while the government's proposed use of EU funds for industrialized construction is crucial to boosting productivity, currently down 25% according to BBVA Research. A public housing company, focusing on projects like the Valencia engineer's barracks site, is also vital.

Showing 517 to 528 of 660 results