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El Molinar on the frontline of the foreign buying controversy
The report of the sale of a property to a German buyer came amidst the controversy raised by the proposal for residency qualification.
Andrew Ede13/11/2022 08:22 Market intervention needed to limit sales of Mallorca homes to foreign buyers
"There are mechanisms in the free market for when imperfections occur." Overpopulation in the Balearics is an imperfection.
Foreign demand only a part of Mallorca's housing problems
The main reason for a lack of affordable housing is that "it is impossible" to build it at the required prices.