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

submitted 3 weeks ago by [email protected] to c/[email protected]

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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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[–] tyler 14 points 3 weeks ago (10 children)

Didn’t they just have a government program to sell houses in certain cities to foreigners for 1€ because nobody in their cities would buy them? Only under the condition that they had to fix them up in a certain time period?

[–] [email protected] 2 points 3 weeks ago (1 children)

I thought that was italy.

[–] tyler 1 points 3 weeks ago

Well it’s both then.

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