Spain Proposes 100% Property Tax for Non-EU Buyers to Address Housing Crisis

The Spanish government aims to curb housing speculation and rising rents, but critics warn of economic and social fallout from the measure.

Spanish Prime Minister Pedro Sánchez has proposed a tax of up to 100% on properties purchased by non-EU residents to tackle housing affordability issues.
The measure is part of broader efforts to address Spain’s housing crisis, which includes rent controls, public housing expansion, and stricter regulations on tourist rentals.
Critics argue the tax could deter foreign investment, particularly from British buyers, who have traditionally been the largest group of foreign property owners in Spain.
The proposed tax has sparked concerns among property professionals, with some suggesting it could harm Spain’s economy and drive buyers to other countries like Portugal, Greece, or Dubai.
The proposal is not yet finalized, and its passage through Spain’s Parliament remains uncertain due to the government’s minority coalition status.