A ban on people who don't live in theBalearic Islandsbuying homes there is to be debated by the archipelago's parliament, according to reports. The Majorcan political party, Més per Mallorca, proposed a Bill which parliamentarians will decide whether to consider on Tuesday (February 24).
MP Lluís Apesteguia said the ban would only apply toMajorca, Minorca,Ibizaand Formentera. He said the restriction complies with EU rules and case law.
Mr Apesteguia added: "We have to prioritise that houses are for living in... and not for those who want to speculate and continue with this game of Monopoly they have set up with our homes."
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The Més per Mallorca politician said his party wanted to know whether other parties believe homes should be for investment funds or locals,Majorca Daily Bulletinreports.
Foreigners snapping up property on the islands and other Spanish holiday hotspots have pushed up prices for locals, leading some to take to the streets in protest in recent years.
People's Party of the Balearic Islands spokesperson, Sebastià Sagreras, said the grouping would vote against the proposed ban.
Marc Pons, who served as president of Menorca's council, warned EU limits presented challenges, suggesting the islands should also explore other options to address the housing issue.
Vox spokesperson, Manuela Cañadas, dismissed the proposal as "demagogic", according to Majorca Daily Bulletin.
Source: Daily Express :: World Feed
