Spain plans to limit the number of homes foreigners purchase by raising taxes by up to 100% on properties bought by people who are not European Citizens and do not reside in an EU country, and who often are buyers of investment properties. He didn’t provide a timeline or details on how he plans to implement the tax.

A tax of up to 100 percent on Spanish property deals by non-EU nationals living outside the country is one of the leftist government's flagship proposals to tackle a housing crisis. A total of 638,552 property deals were sealed that year,

Spain wants non-European Union residents to pay as much as 100% tax for home purchases in the country, a move that could affect buyers from the UK and Latin America.

Prime Minister, Pedro Sánchez, has announced his plan to roll out a tax of up to 100 per cent on properties owned by non-residents in Spain.

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 is working on implementing a tax as high as 100 percent for houses purchased by non-EU citizens to mitigate its housing crisis.

Spain's Prime Minister Pedro Sánchez said too many people were buying Spanish homes as an investment rather than to live in.

Spanish PM Pedro Sánchez said non-EU residents bought thousands of homes in 2023 "to speculate" and "make money from them."

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 is set to introduce a groundbreaking tax on properties bought by non-residents from countries outside the European Union. Prime Minister Pedro Sánchez announced this ambitious measure alongside a series of initiatives aimed at combating the nation’s ongoing housing affordability crisis.