Spain has long been a dream holiday home destination, a place for British retirees to live out their days in the sun.

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.

Spain’s government will seek to limit the number of houses sold to foreigners by significantly raising the taxes they pay.

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

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 EU citizens and do not reside in an EU country — often ...

Spanish Prime Minister Pedro Sánchez announced that non-EU residents could be forced to pay up to 100% tax on the value of their properties.

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

The post Moving to Spain Just Became Impossible If You Don’t Have Tons of Cash appeared first on Real Estate News & Insights | realtor.com®.

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.