Spain proposes 100% tax on non-EU house buyers
- Spain's government, led by Prime Minister Pedro Sanchez, proposed a 100% tax on non-EU residents buying homes on May 22, 2025, in Madrid.
- The tax aims to address rising housing prices and shortages worsened by foreign speculation and high non-EU property purchases in areas like Madrid and Barcelona.
- The bill, part of a broader housing plan, also includes measures to regulate tourist flats in Madrid, separating residential zones from holiday rentals to protect local housing.
- Reports show 86.5% of tourist flats in Madrid lack proper licenses, inflating rental markets, while over 27,000 properties were bought by non-EU residents in 2023.
- The tax signals a significant policy shift that may ease housing access for locals but could deter foreign investment and affect Spain's economic recovery.
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Spain considers new 21% VAT on short-tourism rentals, double the hotel rate
The Spanish government is seeking parliamentary approval for a new 21% value added tax on short-term tourism rentals - double the tax paid for hotel rooms - as it seeks to address a housing crisis.
·United Kingdom
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Leaning Left4Leaning Right4Center4Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
L 33%
C 33%
R 33%
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