Spain Seeks to Set 100% Tax on Non-EU Citizens Buying Houses (1)

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.

“Just to give us an idea, in 2023 alone non-European Union residents bought some 27,000 houses and flats in Spain and they didn’t do it to live in, they didn’t do it for their families to live, they did it to speculate, to make money from them, which we cannot allow in the context we live,” Prime Minister Pedro Sanchez said in Madrid on Monday.

The government’s proposal on the ...