Spain plans to limit the number of homes foreigners purchase by raising taxes by up to 100% on properties bought by people who are not European Citizens and do not reside in an EU country, and who often are buyers of investment properties. He didn’t provide a timeline or details on how he plans to implement the tax.

Spanish Prime Minister Pedro Sanchez said he would propose to ban purchasers from outside the European Union from buying properties, as the government seeks to curb rising housing prices, which have become an increasing source of friction.

Non-residents from outside the EU bought some 23,000 houses and flats in Spain in 2023. Read more at straitstimes.com.

Since 2004 the regional government has maintained a delegation just steps from the headquarters of the European Commission. During the past decade the space operated as a sort of embassy for the secessionist movement and promoted the pro-independence cause beyond Spain’s borders.

Spain wants non-European Union residents to pay as much as 100% tax for home purchases in the country, a move that could affect buyers from the UK and Latin America.

Demonstrators in Madrid protested the arrival of the Maccabi Tel Aviv basketball team ahead of their Euroleague game against Real Madrid.

S Jaishankar on Monday highlighted the potential of the strengthening ties between India, Spain, and the European Union (EU) as a factor for stability during a time when the world has been witnessing major conflicts around the globe.

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

The proposed changes would see non-EU citizens without legal residence in Spain having to cough up taxes worth 100% of the property's value. Official stats reveal that the number of Brits registered as living in Spain jumped from 276,089 in 2017 to 284,037 in 2023.

Prime Minister Pedro Sánchez announced the measure in a Monday speech at a housing forum in Madrid. He said that too ... doubling property prices for non-EU buyers. The move would require the ...

Non-EU residents bought 27,000 properties in Spain in 2023, he told an economic forum in Madrid, "not to live in" but "to make money from them". "Which, in the context of shortage that we are in, [we] obviously cannot allow," he added. The move was ...

A trade war is not in the interest [of either party] neither for the U.S., neither for the European Union,” Pedro Sanchez said.