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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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  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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La Vanguardia broke the news in Granada, Spain on Thursday, May 22, 2025.
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