Spain's planned 100% property tax for non-EU buyers could hurt more than it helps, economists say
Spain's prime minister said too many foreigners were buying investment homes. But efforts to discouraging them could hit the economy, experts said.
Brits buying homes in Spain to be hit with 100% property tax
Simon Calder, travel correspondent of The Independent, said: “If any British buyer ever has to pay 100 per cent tax on a property purchase in Spain, I will eat my sombrero. The Spanish prime minister’s comments are squarely for domestic consumption.
Spain imposing 100% tax on homes bought by foreigners following American homebuying wave
Spanish Prime Minister Pedro Sanchez on Monday proposed a 100% tax on foreign-bought homes to help address the country's housing crisis. Why it matters: The tax would apply to all homes that non-EU residents purchase,
Spain plans 100% tax for homes bought by non-EU residents
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 announces 100% tax for properties bought by non-EU residents
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.
Dozens of migrants may have drowned in attempt to cross to Spain, NGO says
As many as 50 migrants, many of them Pakistanis, may have drowned in the latest deadly wreck involving people trying to make ...
Spain has killed off the British holiday home dream – here’s what to do about it
Spain has long been a dream holiday home destination, a place for British retirees to live out their days in the sun.
Spain sets a new record with 94 million international tourists last year
Spain's Tourism Ministry says that a record 94 million international travelers visited Spain in 2024, the best year for ...
Dozens of migrants may have drowned en route to Spain by boat, NGO says
As many as 50 migrants attempting to reach Spain by boat from West Africa may have drowned, migrant rights group Walking ...
Want to move to Spain in 2025? Beware of new property tax, anti-tourism protests and Airbnb bans
Pressure on Spain’s housing market has been exacerbated by overtourism and the proliferation of short-term holiday rentals.
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Spain’s proposed house tax on foreigners will not fix its shortage
Much of Europe faces housing shortages, but Spain’s is especially acute. It is not just rents: 75% of Spaniards own property, but for young people the prospect of a first-time buy is receding into ...
Ryanair cuts domestic summer flights in Spain citing high airport fees
Irish budget airline Ryanair said on Thursday it would cut its domestic flights at seven regional airports in Spain this ...
Spain launches ‘three-year ban’ in 43 holiday hotspots against tourists
Brits hoping to holiday in the Costa del Sol this summer may struggle to find an apartment after a curb on holiday rentals ...
Thinking Of Moving To Spain? It May Be About To Get A Lot More Expensive
Spain’s Prime Minister Pedro Sánchez announced a plan to impose a tax of up to 100% on the value of properties purchased by ...
Travel Tech Firm HBX Group Announces Plans for Spain IPO
HBX Group International Plc, the travel technology firm known for its Hotelbeds brand, announced plans for an initial public ...
Shell to halt Spain gas trading, relocate staff, Cinco Dias reports
Shell plans to close its Madrid gas trading operations for tax reasons, Spanish newspaper Cinco Dias reported on Wednesday, ...