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Criticism of Balearic government praise for Canada's foreign home buyer ban
The government is expected to discuss Canada's policy at Monday's cabinet meeting.
Andrew Ede08/01/2023 08:17 Mallorca political groups take heart from Canadian ban on foreign property sales
"Ban has been rejected by estate agents..."
"The main economy in the Balearics has become the real-estate business"
"People here won't be able to compete unless regulation is put in place for foreign buyers."
Balearic Government sets to work on limiting the purchase of housing to non-residents
The president hopes that Spain’s forthcoming presidency of the European Union (EU) will open the way.
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.
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