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Foreign home buying in the Balearics hits record level
There was a fourth quarter revival in foreign buying.
Andrew Ede17/02/2023 08:05 Balearic politicians pushing ahead on foreign property sale restrictions
Nearly 60,000 foreigners have acquired a home on the islands over the past 10 years
"Banning the sale of Mallorca homes to non-residents is bordering on racism," says opposition candidate
"We will defend the rights of non-Spaniards"
House prices in the Balearics are the most expensive in Spain
Balearics is the most expensive region for both new and used housing.
“Mallorca cannot become like Hong Kong”
"We need to stop, pause and reflect on what has happened, what Mallorca has already lost and how we are going to best protect what we have got moving forward."
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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