The measure is meant to help tackle the country's housing crisis, the prime minister said.

Summary

Spain plans to introduce a tax of up to 100% on properties purchased by non-EU residents, aiming to address a housing crisis.

The measure would limit property purchases for investment purposes by foreigners, prioritizing homes for residents.

The proposal, inspired by similar policies in Canada and Denmark, is part of broader efforts to improve housing affordability.

Other measures include tax exemptions for affordable housing landlords, tighter tourist rental regulations, and transferring thousands of homes to public housing programs.

Details and a parliamentary timeline are pending.

  • @Magister
    -4•20 hours ago

    in Canada? lol, I think here that a “foreign student” can buy a local house without paying tax, billionaires find a way to avoid it don’t worry.

    • @[email protected]
      13•19 hours ago

      Stop spreading lies and xenophobia. The measure is temporary and expires in 2026 but non citizens or permanent residents currently cannot purchase residential property in Canada.

      https://laws-lois.justice.gc.ca/eng/acts/P-25.2/page-1.html

      The real issue is investment properties and the call is coming from inside the house. Whether they be small individual investors or large corporations.

    • @[email protected]
      3•18 hours ago

      This article is about Spain, not Canada. Your personal opinion on your country’s laws isn’t part of this discussion.

      • @dogslayeggs
        3•17 hours ago

        The proposal, inspired by similar policies in Canada

        The article doesn’t talk about Canada, but OP brought up Canada so it is now part of the discussion.