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Spain proposes 100% tax on homes bought by non-EU residents (www.theguardian.com)

submitted 7 months ago by slartibartfast@lemm.ee to c/world@quokk.au

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Spain has announced plans to impose a tax of up to 100% on real estate bought by non-residents from countries outside the EU, such as the UK, in an aim to tackle the country’s housing crisis.

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[–] Saleh@feddit.org 5 points 7 months ago

It wouldnt be too difficult to write an exception for that.

The problem is a huge rural/city divide. In many cities you have rents on the level of Germany or Netherlands, but the typical income in Spain is a half to a third of what people make in Germany.