• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home World

Spanish PM Proposes 100 Per Cent Tax On Property Purchases By Non-EU Residents

OMMCOM NEWS by OMMCOM NEWS
January 14, 2025
in World

Madrid:  Spanish Prime Minister Pedro Sanchez has veiled plans to impose a tax rate of up to 100 per cent on properties purchased by individuals who are neither European Union citizens nor residents of Spain, EL Pais reported Tuesday.

Speaking at the ‘Housing – Fifth Pillar of the Welfare State’ forum, Sanchez said the “unprecedented” measure aims to address Spain’s housing shortage. The tax could affect buyers from countries such as the United Kingdom, China, Latin America, the Middle East, and the United States, provided they do not hold Spanish residency.

One of the major goals, he explained, is to deter foreign citizens from purchasing properties solely to rent them as short-term holiday accommodations.

The plan is to ensure that Spain’s “available homes are for residents,” Sanchez said, highlighting the issue that 27,000 properties in Spain were bought by non-EU residents in 2023 “not to live in … but to make money from them.”

The Prime Minister did not provide a timeline for implementing the tax or 11 other house-related policies announced at the forum, noting that they are under “careful study.”

Other proposed initiatives include tax incentives for low-rent housing and increased taxes and stricter regulations on tourist flats, Xinhua news agency reported.

“It isn’t fair that those who have three, four, or five apartments as short-term rentals pay less tax than hotels,” Sanchez added.

(IANS)

Tags: Pedro Sanchez
ShareTweetSendSharePinShareSend
Previous Post

Kho Kho World Cup: Indian Women Make History With 157-Point Rout Of South Korea

Next Post

South Africa Hosts First G20 Framework Meeting

Related Posts

World

Explained: How PM Modi’s First China Trip In Seven Years Could Reset New Delhi-Beijing Ties

August 30, 2025
World

Indian Diaspora In China Accords Rousing Welcome To PM Modi

August 30, 2025
World

Discussed Railways Throughout Hour-And-A-Half Bullet Train Journey With PM Modi: Ishiba

August 30, 2025
World

Explained: How Peter Navarro’s Allegations On India Buying Russian Oil Hold No Water

August 30, 2025
Nation

PM Modi Arrives In China’s Tianjin To Attend SCO Summit

August 30, 2025
Business

India Becomes Ukraine’s Top Diesel Supplier Amid US Tariffs Over Russian Crude: Report

August 30, 2025
Next Post

South Africa Hosts First G20 Framework Meeting

Jay Shah Praises Bumrah, Sutherland On Winning ICC December Player Of Month Awards

Hegseth Will Focus On Deterring Chinese Aggression

khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.