Pressure on Spain’s housing market has been exacerbated by overtourism and the proliferation of short-term holiday rentals. View on euronews

PRIME Minister Pedro Sanchez has announced plans for tax increases on tourist flat rentals and restrictions on non-EU residents buying a home in Spain.

Prime Minister Pedro Sanchez announced measures to address the housing crisis in Spain. One of the most important measures is the imposition of a tax of

Spain's prime minister said too many foreigners were buying investment homes. But efforts to discouraging them could hit the economy, experts said.

Spain could impose a 100% tax on the value of properties bought by non-EU residents to improve the housing market for locals.

Amid rising real estate prices, Prime Minister Pedro Sanchez wants to impose a 100% tax on property bought by foreign speculators. That downturn was fueled by years of overbuilding and property speculation,

The government of Spain has proposed a new tax of up to 100% on property purchases by non-European Union citizens to put a stop to Airbnb purchasing properties throughout the country. New law goes into effect immediately in order to prevent potential terrorism threats and put a stop to overtourism Just as Italy’s residents have long complained that Airbnb has overpopulated historical centers in major cities across the country,