Real estate in Spain: Moroccans affected by a new tax

Faced with the housing crisis it is facing, Spain is considering introducing a tax on properties purchased by non-European nationals, including Moroccans.

Spanish Prime Minister Pedro Sánchez announced the measure earlier this week, saying it aims to address the problem of housing affordability and high rent costs in the European Union (EU). The overall goal is to provide “more housing, better regulations and more aid,” said Sanchez, who did not provide details on when the measure would take effect.