PRIME Minister Pedro Sanchez’s plans to shut non-EU-non-resident buyers out of the Spanish property market could affect a number of areas popular with

Spanish Prime Minister Pedro Sanchez said he would propose to ban purchasers from outside the European Union from buying properties, as the government seeks to curb rising housing prices, which have become an increasing source of friction.

Spain's Prime Minister has justified taxing or even banning non-EU non-residents from buying Spanish homes because they only want "to speculate", but the stats prove there are far bigger fish to fry in Spain's housing crisis.

Spanish Prime Minister Pedro Sanchez plans to restrict property purchases by non-EU buyers as a measure to regulate housing prices. The proposal includes potential bans and tax increases on foreign acquisitions to combat speculation.

Following the success of the socialist party's proposal last week to slap a tax of up to 100 percent on non-EU property purchases.

Non-residents from outside the EU bought some 23,000 houses and flats in Spain in 2023. Read more at straitstimes.com.

Spanish Prime Minster, Pedro Sánchez, announced Sunday a series of government reforms and policy proposals, including harsh restrictions on non-EU residents purchasing property. The measures aim at