The Balearic Islands put on the table limiting the purchase of homes by non-residents


The Balearic Minister of the Economic Model, Tourism and Work, Iago Negueruela (Socialist Party of the Balearic Islands PSIB-PSOE)has opted this Wednesday to carry out a “profound debate” on how to limit home buying in the Balearic Islands non-residents or people who have lived in the archipelago for less than five years. Last week, the Balearic Parliament approved an initiative by the regionalists of El Pi in which the regional Executive was urged to curb the human pressure and saturation experienced by the islands, and in which it also alluded to that limitation in the purchase of houses.

In the plenary session this Wednesday, the PP deputy Sebastià Sagreras reproached the minister for “With things to eat is not played” and has maintained that citizens deserve a “serious and constructive” debate on the problem of homelessness and its rise, including rent. “Since the government of President (Francina) Armengol and with the populist measures of Podemos, only prices have risen,” Sagreras lamented.

The popular deputy has pointed out that the houses that cost one million euros or one and a half million “do not compete” with those valued at 200,000 or 250,000 euros, which are those that national residents buy or rent. Also, the luxury housing market for foreigners moves around a business “very important” for small and medium-sized companies in the Balearic Islands, has added. In his response, the Minister has responded that the PP is “absolutely clueless” with its “Margaret Thatcher” neoliberal economic policies.

Finland, Denmark or Malta, countries of the European Union, “protect” their citizens when buying their homes and, therefore, it is “something necessary”, Negueruela maintained. The minister has rejected the proposals of the PP and the former regional president Gabriel Cañellas, who “wanted the Balearic Islands to be the second residence in Europe”. “The Balearic Islands cannot be a theme park where the people of our islands do not fit”as the PP intends, he added.


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