Spain is planning a raft of measures to address its brewing housing crisis, including an up to 100% tax on properties bought by people who are neither citizens nor residents of the European Union. Spanish Prime Minister Pedro Sánchez announced the plan this week to tackle housing affordability and high rents in the Southern European nation.
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However, it remains unclear if the plan put forth by Sánchez’s minority coalition will pass in parliament. Here’s a look at what’s happening:Gisèle Pelicot’s Australian supporters are moved that their French heroine wore an Aboriginal scarf The negative aspects of mass tourism have caused tension at times between visitors and residents concerned about rising costs, the proliferation of short-term rentals on platforms like Airbnb, and water supplies that can be stretched in some parts of the country, including the Canary and Balearic Islands.on various occasions across the country to express their frustrations about the growth of tourism and high rents.
Joan Carlos Amaro, a real estate analyst and professor of economics at the Esade Business School in Barcelona, said that while Spain is suffering a housing crunch, he can’t see how the tax will lead to homeowners or real estate promoters guaranteeing that these normally high-end properties end up in the hands of middle-class Spaniards.
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