Starmer Won’t Be Drawn Into Row Over Spain’s 100% Home Tax Plan
- Spanish PM Sanchez has touted a huge levy on non-EU buyers
- Brits are the most common foreign owners of Spanish property
Beachfront apartments in Benidorm, Spain.
Photographer: Matthew Lloyd/BloombergThis article is for subscribers only.
Downing Street insisted Prime Minister Keir Starmer has a “great relationship” with his Spanish counterpart, after Pedro Sanchez threatened to impose a 100% tax on sales of homes to buyers from outside the European Union.
Spain is suffering from a housing crisis that Sanchez has blamed on foreigners speculating over price increases by snapping up properties at the expense of locals. Britons are the most common foreign buyers of Spanish homes, particularly in holiday hot-spots around the Mediterranean coast.