<h1>Tax on non-EU property purchases proposed to deter speculative buying and ease housing affordability pressures.</h1> A proposal would impose a punitive tax on properties purchased by non European Union residents-reported as up to one hundred percent-to restrict speculative foreign acquisitions and curb upward pressure on housing prices and rents. Complementary fiscal measures include higher taxes on short term rentals and tax incentives for landlords who provide affordable housing in high rent areas; implementation details and legislative timing remain unspecified.