Plan to restrict the sale of homes to foreigners in Mallorca rejected
Left-wing coalition party wanted to implement European and state regulations with the aim of restricting the sale of homes to foreigners.
Humphrey Carter19/09/2024 11:48 The party is over in Mallorca!
Maximum fines of 30,000 and owners will lose tourist licence.
Mallorca scandal over politicians selling houses to foreigners
Members of party against selling properties to non-Balearic residents have done just that.
Over 30% Spaniards complain there are “too many” foreign tourists
A sizeable minority of people in Spain (28%) now say they have a negative view of international tourists in their country.
Mallorca's housing crisis "will only be solved when no one wants to come as a tourist or come and live here"
The latest estimate is that property prices in the Balearics will rise 8% by the end of the year.
Luxury property market in the Balearics "in decline"
But the market more generally is being characterised by "luxury prices".
Over 50% of Britons want to live in Spain
Britons believe spending more time in the sun will improve their quality of life and 87% believe they will become healthier and live longer.
Panic to rent a flat in Mallorca
Serious lack of housing is causing a major social problem.