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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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