Why your Place in the Sun dream could still come TRUE: As Spain tries to slap Brits with a 100% tax on holiday homes, foreign property expert and TV presenter LAURA HAMILTON reveals why the plan is al

In the sun-drenched corners of Spain, where millions of tourists flock to enjoy its pristine beaches, ancient history and vibrant culture, a storm is brewing in the world of property investment. A Place in the Sun presenter Laura Hamilton says Spain's planned tax rise on second homes for Brits won't work Tenerife locals hold placards raising concerns about the impact of mass tourism, October 2024 Prime Minister Pedro Sanchez has vowed to ban non-resident Brits from buying homes in Spain as he desperately tries to tackle the country's housing crisis Laura believes the 100 per cent property tax would likely do more harm than good - and thinks it is unlikely to become law. Laura also expressed concern that imposing such a heavy tax would push foreign buyers to look elsewhere, potentially damaging Spain's reputation as a desirable place to invest. In 2023 alone, non-residents from outside of the EU bought 27,000 houses and flats in Spain, 'not to live in them, but mainly to speculate', Pedro Sanchez said Laura also expressed concern that imposing such a heavy tax would push foreign buyers to look elsewhere 'Everyone is struggling with the cost of housing,' she said, referencing the crisis both in Spain and in the UK. The 100 per cent tax would put rocket boosters under Spain's famously affordable property prices, with a five-bed coastal villa in Andalucía that's currently being advertised for just under £400,000 For now, potential property buyers in Spain, particularly non-EU nationals, are left waiting for clarity.