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.

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

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.

Spain's Prime Minister Pedro Sanchez proposed on Sunday to ban people outside the EU from buying housing in the country, as part of his drive to ease an affordable-homes

Spain wants non-European Union residents to pay as much as 100% tax for home purchases in the country, a move that could affect buyers from the UK and Latin America.