Spain could impose a 100% tax on the value of properties bought by non-EU residents to improve the housing market for locals.

Simon Calder, travel correspondent of The Independent, said: “If any British buyer ever has to pay 100 per cent tax on a property purchase in Spain, I will eat my sombrero. The Spanish prime minister’s comments are squarely for domestic consumption.

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 is looking to protect its housing market but it may make the country less desirable for British retirees

Spanish PM Pedro Sánchez said non-EU residents bought thousands of homes in 2023 "to speculate" and "make money from them."

Amid rising real estate prices, Prime Minister Pedro Sanchez wants to impose a 100% tax on property bought by foreign speculators. That downturn was fueled by years of overbuilding and property speculation,

The government of Spain has proposed a new tax of up to 100% on property purchases by non-European Union citizens to put a stop to Airbnb purchasing properties throughout the country. New law goes into effect immediately in order to prevent potential terrorism threats and put a stop to overtourism Just as Italy’s residents have long complained that Airbnb has overpopulated historical centers in major cities across the country,