Spanish Prime Minister Pedro Sanchez said he would propose to ban purchasers from outside the European Union from buying properties, as the government seeks to curb rising housing prices, which have become an increasing source of friction.

Non-residents from outside the EU bought some 23,000 houses and flats in Spain in 2023. Read more at straitstimes.com.

A trade war is not in the interest [of either party] neither for the U.S., neither for the European Union,” Pedro Sanchez said.

MADRID (AP) — Spain is planning a raft of measures to address ... purchase by raising taxes by up to 100% on properties bought by people who are not EU citizens and do not reside in an EU country — often buyers of investment or vacation properties.

Since 2004 the regional government has maintained a delegation just steps from the headquarters of the European Commission. During the past decade the space operated as a sort of embassy for the secessionist movement and promoted the pro-independence cause beyond Spain’s borders.

Spain wants non-European Union residents to pay as much as 100% tax for home purchases in the country, a move that could affect buyers from the UK and Latin America.

MADRID: Spain’s Prime Minister Pedro Sanchez proposed on Sunday to ban people outside the EU from buying housing

Demonstrators in Madrid protested the arrival of the Maccabi Tel Aviv basketball team ahead of their Euroleague game against Real Madrid.

External Affairs Minister S Jaishankar on Monday met Spanish Foreign Minister Jose Manuel Albares and called for greater cooperation between India and Spain to broaden the relationship between India and the European Union.

S Jaishankar on Monday highlighted the potential of the strengthening ties between India, Spain, and the European Union (EU) as a factor for stability during a time when the world has been witnessing major conflicts around the globe.

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Non-EU residents bought 27,000 properties in Spain in 2023, he told an economic forum in Madrid, "not to live in" but "to make money from them". "Which, in the context of shortage that we are in, [we] obviously cannot allow," he added. The move was ...