In response to the housing affordability crisis, the Spanish government has proposed several measures:
- Tax on Non-EU Buyers: A proposed 100% tax on properties purchased by non-EU citizens aims to curb speculation and make housing more accessible to residents. This measure targets high-end vacation home investments, particularly in tourist-heavy regions.
- Restricting Non-Resident Purchases: Plans to ban non-resident Britons from buying homes in Spain have been announced to address soaring property prices and housing shortages, especially in popular tourist areas.
- Public Housing Initiatives: The government has unveiled a 12-point plan to tackle the housing crisis, including constructing new affordable social housing and regulating tourist flats to ensure more residential availability.
