Happiest and best Mallorca, so what’s wrong?

tranq tranquerWhat's a "ridiculous price"? If you have 50k, then 300k looks ridiculous. If you have 1 mil, then 300k seems quite reasonable. What does the seller think about that? Should he sell it for 50k because it's the ethical thing to do? The buyer can then turn around and sell it for 300k. Or more. Ther How do you solve this problem? Continuing to say that it's a problem doesn't solve it.

Morgan WilliamsYou sir are wandering up the wrong track The 1970's block house casita is exactly the point. A ridiculous price for whats on offer which until a few years ago would have been bought by a local family, maybe to have a place out of town with a garden veg plot or more likely as a first home for the kids. Not any longer. Your fancy swiss millionaires are not buying casitas de campo but moderately wealthy foreigners are - as so the offer to locals disappears. As a non consequential aside - my wife's first boyfriend Rolf was the son of the chief architect of Zurich .The smallest handwriting of anyone I have ever seen and a good intro into Zurich society.

tranq tranquerIf you want to buy a 3 bed 2 bath townhouse in Munich, it will run between 750k to 1.5mil depending on location and condition. A freestanding house will run 2-5 mil and more, depending on location, size, amenities etc. Zurich will be lots more expensive than that. It's how it is in the rest of the world. Mallorca is highly desirable as a place to live. A Swiss guy can buy your Mallorquin casita with pocket change. So, to ensure that 1934 Mallorquin casita stays a 1934 Mallorquin casita, shall we ban that swiss guy from buying it? What about the owner of that property? They're not allowed to sell for market price? Seriously, How do you solve this problem without creating other problems? It's not so simple. And it's not some sinister plot. It's how it is. So implementing policy that misses the point isn't going to help either. And .. erm... It has precious little to do with over tourism. That's a very different problem.

Morgan WilliamsI don't have the facts, just an opinion but I an willing to bet - real estate prices generally in Palma city compared to your city examples ? Real estate prices in the countryside compared to the countries you cited ? Perhaps you can enlighten us. I do know near me , a Mallorquin typical casita de campo type bungalow, 2 bed, above ground pool, maybe 10.000m rustica flat land no views, sea 15k's asking 300.000 eu The poll is no doubt Ryan or Sleazy plus a 3* Brits but how is it 17 million ? tourists a year and growing plus an explosion of foreign real estate buyers not push up prices beyond normal societal increases. You would be angry if you found yourself priced out of your own 'country'. And blaming the locals is a conscience salver. Yes of course they bear some blame but in the main its business from both the mainland and around Europe who spotted a pot of gold and moved in to slice it up.

Somehow I'm getting the impression that your respondents to your unscientific poll may be mostly residents here ...or others from less costly economies, and haven't been to Munich or Berlin or London or Zurich or Amsterdam or New York or Los Angeles, or Chicago or Dallas or Sydney.. et al. And/or... These respondents only visit tourist resorts or Palma. Otherwise, while Mallorca isn't South Africa cheap, it's certainly less expensive than the aforementioned places. Especially outside the tourist resorts.