Spain’s Prime Minister Pedro Sánchez announced a plan to impose a tax of up to 100% on the value of properties purchased by non-EU residents.
In his speech, the UfM Secretary General Kamel recalled that the Barcelona Process was a bold and visionary initiative to transform the Mediterranean region into a space of dialogue, peace, and prosperity. However, he added, the 30th anniversary provides an opportunity to reflect on the achievements, as well as the shortcomings.
Brexit has been blamed for ruining Brits' plans to move to Spain following the announcement by the country's prime minister to ban non-EU property purchases.
Barcelona's mix of affordable cost of living and quality of life has helped create a vibrant startup community — and become a hotbed for the creation of surveillance technologies.
The Associated Press - Business News on MSN8d
Spain to tax non-EU property buyers
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.
Barcelona have secured their passage into the last 16 of the Champions League with six wins and one defeat to date. Liverpool, who beat Lille 2-1, top the league stage from Barca in second, and are the only other side to be assured to skip the playoff round at this stage.
A new report from the European Court of Auditors (ECA) has concluded that air pollution in the EU continues to be a danger to health and that, despite recent improvements, member states might fail to meet future targets unless ‘existing and additional’ measures are effectively implemented.
Major cities — Athens, Kraków, and Barcelona were those selected by the ECA — are failing to tackle noise and air pollution. The authors attribute this to the lengthy infringement processes of the European Commission, city authorities’ misuse of funds EU, and local resistance to measures such as low-emission zones and green spaces.
Public anger is growing as locals are being priced out of home ownership with rents being driven up by gentrification and landlords shifting to more lucrative, short-term tourist rentals, especially in urban and coastal areas.
Spain has introduced new regulations that could affect some tourists visiting the country for their summer holidays this year. However, a rule change brought in at one of its most popular resorts prompted panic and confusion after it was mistakenly characterised as a “tourist ban”.
Existing rentals, hotels and Airbnb will continue to house tourists (except for a small number of rentals that were registered after February 22, 2024), however, the registration of new ones in the area’s 43 districts will be prohibited.
Socialist PM Sanchez announces several measures, including 100 percent tax on foreigners, to tackle the housing crisis.