Josep Melià is the leader of El Pi, a regionalist party of the centre right in the Balearics. On Tuesday, he presented eighteen proposals to the Balearic parliament in a debate about overpopulation on the islands. One of these had to do with the purchase of homes by foreigners. Parliament approved the El Pi proposal for a five-year residency qualification for foreign buyers. This approval called on the Balearic government to press for such a system of qualification, something that the regional government has no powers to impose and which could only be introduced with the agreement of both the Spanish government and Brussels.
Market intervention needed to limit sales of Mallorca homes to foreign buyers
The EU is being urged to introduce regulations for island territories
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Another bolshevik! It’s obviously easier to point fingers at the foreginers buying properties than get the goverment to start building affordable housing with low rents 5+ kms from the beaches and public transport system to support the whole thing! Anyone with 2M+ budget to buy a house will figure out a way to go around the system the same way they buy houses now via 3 shell companies to not fall under the wealth tax. The worse part is that Mallorca's natives are starting to believe it’s the foreigners that are responsible for their housing situation not years of incompetent housing policies 🤯