Spanish Prime Minister Pedro Sánchez is launching a crusade against what he sees as the downsides of social media

While new car registrations remained strong in Spain, other major European markets, including France and Germany, saw marked declines. View on euronews

Spain’s Prime Minister Pedro Sanchez said the EU should put an end to anonymity of users in social media platforms and hold their CEOs personally accountable if they fail to comply with the bloc’s regulations.

MADRID (Reuters) - 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.

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

As Spain continues dealing with a nationwide housing crisis, its government has proposed an unconventional fix to the problem — and one that will not please foreigners. Spain has announced plans to implement a 100% tax on homes purchased by non-European Union residents,

Spain's Prime Minister Pedro Sánchez said too many people were buying Spanish homes as an investment rather than to live in.

Spain’s government will seek to limit the number of houses sold to foreigners by significantly raising the taxes they pay.

Spain is planning a raft of measures to address its brewing housing crisis, including an up to 100% tax on properties bought by people who are neither citizens nor residents of the European Union.

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

Public anger is growing as locals are being priced out of home ownership with rents being driven up by gentrification and landlords shifting to more lucrative, short-term tourist rentals, especially in urban and coastal areas.

Pedro Sanchez said the EU should put an end to anonymity of users in social-media platforms and hold their CEOs personally accountable if they fail to comply with regulations.