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Spain Plans to Tackle Housing Crisis with 100% Tax on Homes Bought by Foreigners
Manage episode 462506551 series 3612206
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In a bold move to address Spain’s escalating housing crisis, the government has proposed a 100% tax on homes bought by non-EU foreigners. This measure is part of a broader strategy to combat soaring property prices, curb foreign investment, and increase housing affordability. The plan includes additional taxes on short-term rentals and initiatives for public housing. While some argue that the tax could fail to address the root causes, it sparks a larger conversation on how countries worldwide, including the UK, are tackling the impact of foreign wealth on local property markets. How might this approach influence global housing policy?
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