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.

Spanish Prime Minister Pedro Sanchez plans to restrict property purchases by non-EU buyers as a measure to regulate housing prices. The proposal includes potential bans and tax increases on foreign acquisitions to combat speculation.

Spanish Prime Minster, Pedro Sánchez, announced Sunday a series of government reforms and policy proposals, including harsh restrictions on non-EU residents purchasing property. The measures aim at

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.

Spain is working on implementing a tax as high as 100 percent for houses purchased by non-EU citizens to mitigate its housing crisis.

Spain’s prime minister Pedro Sánchez said on 13 January that its government will plan “after careful study” a tax of up to 100% on real estate bought by non-residents from countries outside the EU in a bid to address the country’s housing crisis.

Following the success of the socialist party's proposal last week to slap a tax of up to 100 percent on non-EU property purchases.

To not become a society divided into two classes, the rich landlords and poor tenants,' said Spain's Prime Minister Pedro Sánchez.

Spain's Prime Minister Pedro Sanchez has announced plans to ban non-EU citizens, including Britons, from buying property in Spain unless they reside in the country. The move comes alongside his proposal for a tax of up to 100 per cent on such property deals.