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Spain is currently grappling with a significant housing crisis, characterized by escalating property prices and a shortage of affordable housing options. In response, Prime Minister Pedro Sánchez has unveiled a comprehensive 12-point plan aimed at addressing these challenges. A central component of this plan is a proposed 100% tax on property purchases by non-EU citizens who are not residents of Spain. This measure is designed to deter foreign investment that is believed to contribute to speculative buying and inflated property values.
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