Spain is set to impose a 100% housing tax on non-EU residents, aiming to prioritize affordable housing for locals. This move, announced by Prime Minister Pedro Sánchez, has sparked concerns among British expats in Spain and could prompt similar measures in France, Portugal, and Greece. These countries also face housing crises, with locals grappling with increasing costs and limited availability.
France , Portugal and Greece could be set to follow in the footsteps of Spain and crack down on British expats. Spain is set to impose a whopping 100% housing tax on non-EU residents in a bid to prioritise affordable homes for locals.The move, which sent shockwaves through British communities in Spain, was announced by the country’s Prime Minister Pedro Sánchez on Monday.
Mr Sanchez said that the new 100% levy would help “prioritise the availability of housing for residents”.Mr Sánchez also accused the 27,000 foreigners from outside the EU who purchased homes in Spain in 2023 of buying the properties “not to live in them, but to speculate”.He added that house prices are one of Europe’s “main challenges, adding that “average house prices in Europe have risen by 48% in the last decade and it is unbearable.
HOUSING TAX BRITISH EXPATS SPAIN FRANCE PORTUGAL GREECE HOUSING CRISIS AFFORDABLE HOUSING
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