"Spain's Prime Minister Pedro Sánchez proposed a 100% tax on property purchases for non-EU buyers to address the housing crisis in the country. The proposal affects non-EU residents, including UK citizens, who purchased 27,000 properties in Spain in 2023, according to Sánchez. Sánchez stated that properties were bought 'not to live in' but 'to make money from them,' exacerbating the housing shortage. The government plans to finalize the proposal after careful study, with additional measures to improve housing affordability announced."