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.

Spain is planning to impose a tax of up to 100% on 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.

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.

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Spanish Prime Minister Pedro Sanchez proposed on Monday a series of measures to tackle a housing crisis in the country, including a 100% tax on

Spanish Prime Minister Pedro Sánchez on Monday proposed a range of measures to combat a housing crisis in the country, including a 100% tax on the purchase of homes by non-resident non-EU foreigners.

Spain is planning to impose a 100 per cent tax on real estate for buyers from non-EU countries such as the UK, in a bid to improve affordability in the housing market by deterring foreign purchases. Prime Minister Pedro Sánchez announced the plan for the punitive property tax,

For expats and non-resident buyers aspiring to own a home in Spain there’s a lot to learn. From understanding property tax in Spain to learning about the mortgage process and interest rates, there’s a lot of information you’ll need to cover before you put an offer in on your dream home.

Residents from non-EU countries, such as the UK, could have a 100 per cent tax levied against them if they buy a home in Spain