In recent months, authorities have come under growing pressure from residents of tourist hotspots, which have seen large-scale protests over the impact of overtourism and soaring housing costs.

Spain plans to raise taxes on holiday rentals so that they pay "like a business", Prime Minister Pedro Sanchez said on Monday, as residents of the country's main cities grapple with soaring rents. "It isn't fair that those who have three,

Spanish Prime Minister Pedro Sánchez on Monday proposed a range of measures to combat a housing crisis in the country, including a 100% tax on the purchase of homes by non-resident non-EU foreigners.

Spain’s prime minister is pushing for far-reaching action to ease the nation’s housing crunch, including a tax of up to 100% on property purchases by non-European Union buyers.