Reading the comments i see, the brits and the foreigners still thinking they know better than the local people, what exactly they need ...
Clearly there needs to be changes to the tourism model, but those protesting appear to have a short memory with regards to the past global crashes and the more recent post Covid scenario, where the island and general population at large were crying in their ensaimadas for the return of the tourists! The Mallorquin family property sales would decline substantially since the residents would not be able to afford the prices - and then who would be gnashing their teeth? Is this really the answer?! How about reframing the problem of not being the tourists themselves, but the system as a whole? The greed of the local businesses, hiking up their prices so that we are amongst the most expensive destinations in Europe, and not passing on any of the profits to the employees, who are largely paid the same as they were 10-15 years ago. Additionally, what about a more sustainable housing solution by the government, and better welfare system? I could add, what about making the Autonomos less ridiculous, so that self-employed individuals can afford to be self-employed, when they can often earn very little to nothing on a bad month, yet the Government are still holding out their hands insisting on a substantial monthly sum? The list is endless - but let's try to see some sense here and not cut our noses off to spite our face! Just saying.........
Just a minor point - as a member country of the EU this would contraviene the law. The Balearics and Spain as a whole receive more financially aid from the EU than they give. So, does Mallorca plan to leave ?? That went well for the UK didn’t it ?!?!?! And they gave more than they took - financially. Cut the EU funding, ohhh and the money from tourists slashed. Plus, the housing market would collapse (does anyone remember the last crash at all???). So all the benefits of the last recession, plus covid - with no EU support. Is that the plan? Everyone with a little understanding of the islands gets it that over tourism needs to be addressed. But I just wish the politicians and media would stop banging on about these ridiculous ideas. Simply put - they’re illegal and even if you could get round that - they’d spell disaster.
That'll likely trigger a buying spree in the next couple of years. I'm getting old, and keeping it running is a lot of work, so I'm thinking of selling up. Maybe I'll accelerate that thinking. One thing I can be quite sure of .. whomever buys won't be Mallorquin or any of the protestors. And they'll likely pay asking price or bid higher against others. Especially if there's a time limit.
This argument is a good one - "to proposed that foreigners who want to buy a home on the islands should be required to have resided in the community for a number of years" so my point here is if you should stay multiple years on the Island you would acquire a rented apartment, occupying affordable housing for the locals. Not exactly helping out the shortage, I would say this is a own goal and Spanish logic at high level
So an extra tax to offset the damage caused by tourism. Heaven forbid that the windfall income from tourism, currently 45% of GDP ($35 billion for the Balearics - so larger than that of Iceland, Cyprus or Malta) might be used to diversify the economy.
This is a no brainer , same in Austria Well done
If the Protest Movement continue to cause increasing fear and problems. Then perhaps Foreigners will not want to live here , to buy property.
Freedom of movement to live work and abide in any member state. Freedom to own good, property and use goods and property in member state. So that’s 480 million foreigners. Ill not dwell on international obligations.
tattooSo what do the local needs as you make comments on other peoples ideas? Let us know.