Spain plans 100% tax for homes bought by non-EU residents
Spain plans 100% tax for homes bought by non-EU residents
The measure is meant to help tackle the country's housing crisis, the prime minister said.
cross-posted from: https://lemmy.world/post/24262644
Summary
Spain plans to introduce a tax of up to 100% on properties purchased by non-EU residents, aiming to address a housing crisis.
The measure would limit property purchases for investment purposes by foreigners, prioritizing homes for residents.
The proposal, inspired by similar policies in Canada and Denmark, is part of broader efforts to improve housing affordability.
Other measures include tax exemptions for affordable housing landlords, tighter tourist rental regulations, and transferring thousands of homes to public housing programs.
Details and a parliamentary timeline are pending.
