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A housing activist holds a sign outside a building whose residents fear they will be evicted after its purchase by a real estate investment fund, in the neighborhood of Lavapies, in Madrid, Spain, on Dec. 14, 2024. The sign reads, "My motherland is my neighborhood."

REUTERS/Susana Vera/File Photo

HARD NUMBERS: Spain jacks taxes for foreigners, North Korea blasts off again, Haitian displacements soar, Red Note noted by TikTok users

100: Thinking of buying a place in Spain? If you’re a foreigner, it could cost you dearly. The government has proposed a 100% tax on non-resident property purchases, up from today’s 6-10%. The measure is meant to address a growing housing crisis in a country where nearly 30,000 extranjeros bought houses last year – not to live in, says Prime Minister Pedro Sanchez, but “to make money” by renting them as holiday homes.
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