Get access to our best features
Get access to our best features
Published

Spain taxes tourism to save housing

  • Spain's Prime Minister Pedro Sánchez announced a tax crackdown on foreigners buying second homes and owners renting to tourists to address affordable housing concerns.
  • Thirty-Five percent of Spaniards struggle to access affordable housing, with prices per square metre in large cities exceeding €7,000, almost three times the EU average.
  • The new tax plan includes a 100% tax on non-resident foreign property purchases and taxes on tourist apartments as businesses, while offering tax exemptions for owners renting out empty homes.
  • Opposition parties, including Partido Popular and Vox, criticized the government's proposals as interventionist and unrealistic, claiming they would lead to higher prices and reduced supply.
Insights by Ground AI
Does this summary seem wrong?
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources lean Left, 50% of the sources lean Right
50% Right
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)