Plan to restrict the sale of homes to foreigners in Mallorca rejected
Luxury property market blamed for housing crisis
Proposed ban on foreign buyers has not helped the property market. | Majorca Daily Bulletin reporter
Palma19/09/2024 11:48Updated at 16:42
The absolute majority of the centre right opposition Partido Popular in the Senate has prevented an initiative by left wing coalition party Sumar to implement European and state regulations with the aim of restricting the sale of homes to foreigners in areas “clearly stressed by tourist activity” such as the Balearics, from going ahead in the plenary session of the Upper House.
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Either vote to leave the EU or, here’s a thing, change the internal laws to make renting more attractive by eliminating the superior rights of squatters over landlords. According to the MDB there’s a third of all available properties standing vacant. Insane. Don’t blame the foreigners. It’s Spain’s own laws.
That is a shame as it could have gone some way to alleviate the problem of inflated property prices and rental. I totally agree with only being able to buy a property if you have been a resident for 2 years (5 is too long). But they have to follow the usual "agenda" which you see being played out in all European and Commonwelath countries. Controlled demolition from within.