Overview

• In May, Prime Minister Pedro Sánchez introduced legislation to impose a 100% purchase tax on non-EU buyers, targeting foreign investors and Britons who accounted for 8.2% of home purchases last year.
• Housing Minister Isabel Rodriguez cited a national shortfall of around 450,000 homes and said the measures seek to guarantee rental access for families.
• The draft bill would also increase VAT on holiday rentals, impose penalties on empty properties and raise levies on publicly listed real estate trusts.
• Officials have ordered Airbnb to remove more than 65,000 listings for lacking valid licences under existing short-term rental regulations.
• The centre-right Partido Popular, led by spokesman Luis de la Matta, has criticized the plan as xenophobic and may vote against it in parliament.