Related news: Mallorcan foreign property market hit by a “nuclear bomb” by threat to non-residents

“It is a problem that is difficult to solve and requires far-reaching measures, not improvised ones."

Price growth starting to cool everywhere except in the metropolitan areas.

"The Balearics can´t be a theme park where there is no room for people who live here."

The legislation aims to curb the sale of homes to non-residents.

The association of real estate agents has condemned this financial incentive.

Move has sent shockwaves through the real estate sector.

Fewer tourists spending more money.