As Spain says adios to Golden Visa, Portugal says come on down!
It is proving exceptionally popular with American citizens

Balearic Parliament building in Palma, Mallorca
Estate agency opposite the Balearic Parliament,

Properties in Palma, Mallorca
The housing crisis has spiralled out of control.
"If urgent measures aren't taken, Balearic society will be condemned to expelling its own citizens due to the inability to find a home"
Two Balearic real-estate associations are calling on Prime Minister Sánchez to establish a grand pact for addressing the housing crisis.
Palma residents complain of aggressive "real-estate harassment" on behalf of foreign buyers
"Housing is a right, not a business. Our neighbourhood is not for sale."
"This is not a case of tourists not being welcome, it is a case of failed government policies"
"There is a complete lack of affordable housing...."
"Don't build in a ravine": Mallorca residents oppose project for new homes
"Massive construction for residential use" is incompatible with a potential for flooding.
The seven Mallorca municipalities where 10% or more of homes are holiday lets
Four of the seven have resident populations below 1,000.
Organisers of the first large protest in Mallorca in 2024 warn that the housing situation has got worse
"And now? We are even worse off. Rents are skyrocketing, people are being expelled."
The lucrative and unethical business of renting out rooms in Palma
There is subletting of rooms, for which there is no rental contract.
Bitter sweet: Mallorca remains highly attractive to German property buyers but others are leaving because of sky-high prices
There has been an increase in the German resident population in the Balearics. But like others, there are Germans who can no longer afford the prices.

New homes construction in Palma, Mallorca
Prices are a factor of available supply, and new homes haven't kept pace with demand.
House prices in the Balearics increased 15% in 2024
Latest figures from the College of Notaries.

There is huge interest in rental properties in Palma.
There is huge interest in rental properties in Palma.

House building in Palma, Mallorca
The availability of new, affordable homes is way lower than is needed.
New homes in the Balearics a fifth of what they were 20 years ago
The financial crisis led to a focus on "high-income housing".
Mallorca tourism protesters plan to "double the effort"
Housing, job insecurity and 'limits' are to be the main themes of tourism-related actions.
First-time buyers in the Balearics have saved 60 million euros of tax
Thousands of residents have benefited from tax relief on the purchase of first homes.
Find out which country tops the Spanish immigration league
“We will propose to ban these non-EU foreigners who are not residents, and their relatives, from buying houses in our country since they only do so to speculate,” Prime Minister Pedro Sanchez has stated
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