Spain has long been a dream holiday home destination, a place for British retirees to live out their days in the sun.
A war on British tourists has hit Spain, with the European Union country introducing a new '100 per cent tax' on expats buying homes - and strict Big Brother-like laws for hotel guests.
Spain’s Prime Minister Pedro Sánchez announced a plan to impose a tax of up to 100% on the value of properties purchased by non-EU residents.
Spain’s prime minister is pushing for far-reaching action to ease the nation’s housing crunch, including a tax of up to 100% on property purchases by non-European Union buyers.
Public anger is growing as locals are being priced out of home ownership with rents being driven up by gentrification and landlords shifting to more lucrative, short-term tourist rentals, especially in urban and coastal areas.
According to the Spanish PM, non-EU residents bought a total of 27,000 properties in Spain in 2023, not to live in it but to make money from it
The proposed changes would see non-EU citizens without legal residence in Spain having to cough up taxes worth 100% of the property's value. Official stats reveal that the number of Brits registered as living in Spain jumped from 276,089 in 2017 to 284,037 in 2023.
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
Spain’s government will seek to limit the number of houses sold to foreigners by significantly raising the taxes they pay.
Ever wondered if you could live in Spain and what it means to be wealthy there? Here's the run down on cost of living and property expenditure.
Spain is planning to impose a tax of 100% on homes bought by non-EU residents as it looks to tackle an entrenched housing crisis in the country.