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.

PRIME Minister Pedro Sanchez’s plans to shut non-EU-non-resident buyers out of the Spanish property market could affect a number of areas popular with

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

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.