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The move came as Sanchez’s Socialist-led government grapples with growing concerns over rising home prices nationwide. It was part of a broader set of measures, including a pledge to provide state-backed guarantees for specific rentals and the transfer of thousands of homes owned by the national bad bank to a newly established housing agency.

Spain is planning to impose a tax of up to 100% on the value of properties bought by non-residents from countries outside the EU, such as the UK. Announcing the move, Prime Minister Pedro Sánchez said the "unprecedented" measure was necessary to meet the country's housing emergency.

Spain’s government has announced plans to impose a 100% tax on real estate purchases by non-EU residents, introducing its strongest measure yet to address soaring housing costs that have

Spain is working on implementing a tax as high as 100 percent for houses purchased by non-EU citizens to mitigate its housing crisis.

PRIME Minister Pedro Sanchez has announced plans for tax increases on tourist flat rentals and restrictions on non-EU residents buying a home in Spain.

Spain’s government will seek to limit the number of houses sold to foreigners by significantly raising the taxes they pay.

Prime Minister Pedro Sanchez announced on Monday the plan for ... as the high proportion - compared to other EU countries - of households overstretching to pay their rents could lead to "adverse ...

Spain is planning a raft of measures to address its brewing housing crisis, including an up to 100% tax on properties bought by non-European Union residents

A tax of up to 100 percent on Spanish property deals by non-EU nationals living outside the country is one of the leftist government's flagship proposals to tackle a housing crisis.

Perez Meca/Europa Press via Getty Images] MADRID - Spanish Prime Minister Pedro Sánchez has launched ... Sánchez has warned of the risks to the EU and the world posed by the rise of the far ...