Sánchez announces that he will limit home purchases by foreigners

"We have decided that we are going to limit the purchase of housing by non-resident, non-EU foreigners, and we are going to do it by increasing the tax burden they will have to pay in case of purchase, up to 100% of the value of the property.

This is an unprecedented measure in the history of our country, but one that is already being applied in other economies, in other democracies, for example in Denmark or in Canada. And we believe it is appropriate and very necessary in the current situation of a housing emergency in our country.

To give you an idea, in the year 2023 alone, non-residents from outside the European Union bought in Spain around 27,000 houses and apartments. Did they do it not to live in them, not for their families to live in them. They did it mainly to speculate, to make money off them."

The Socialist Autocrat of Spain, Pedro Sánchez, Targets Foreign Property Buyers with a 100% Tax While Daring to Criticize Trump’s Tariffs

Spain’s Prime Minister, Pedro Sánchez — the most corrupt and autocratic socialist in recent history leading a far-left coalition — has announced a stunning policy: a 100% tax on real estate purchases by non-EU foreigners. Recently unveiled, this measure threatens to destabilize Spain’s housing market, scare off investors, and allegedly prioritize housing for locals — all at the expense of economic growth. Yet Sánchez dares to call President Donald Trump’s tariffs “unfair,” revealing a level of hypocrisy that no longer surprises anyone.

Comrade Sánchez presents this tax as a solution to Spain’s housing crisis. He cites data showing that in 2023, non-EU buyers — Americans, Brits, and others — purchased 27,000 properties, often as investments rather than primary residences. His argument? That these outsiders are inflating prices and locking ordinary Spaniards out of the market. His solution? Doubling the cost of any property for them — a move that could cripple foreign investment. It reeks of yet another authoritarian intervention: punishing success to cover deeper failures.

The consequences could be devastating. In 2024, foreign buyers accounted for 15% of property sales in Spain, injecting billions into tourist hotspots like Málaga and the Balearic Islands. Real estate experts warn that this tax won’t solve the housing shortage — it’s “a drop in the bucket” that could scare away the developers and investors who drive new construction. It’s a classic leftist move: strangling the free market instead of encouraging growth.

But the Spanish socialist’s rhetoric doesn’t stop at economics. He has hinted at using housing policy to address “social problems,” like supporting low-income residents and possibly immigrants — a clear nod to his progressive base. Outlets like El País have covered his push to prioritize “residents” in housing programs, sparking fears among critics that he’s more focused on redistributing wealth than creating it. The picture is troubling: a socialist leader pushing out foreigners with taxes while preaching equality. It’s the kind of policy reminiscent of failed welfare states — hardly a winning model for a country that needs jobs, investment, and stability.

Then comes the knockout blow. In February 2025, Sánchez lashed out at Trump’s tariffs, designed to protect American workers from cheap foreign goods. Speaking in Galicia, he labeled them “unfair” and a threat of “trade war,” boasting that the EU doesn’t build wealth at the expense of the U.S. Yet his own policy punishes American buyers and investors, undermining Spain’s global appeal. Trump’s tariffs, for all their flaws, aim to defend national interests; Sánchez’s policy reeks of ideological protectionism disguised as social justice. He can’t have it both ways — condemning one while doing the other.