The Balearic regional government is looking at preventing people from foreign countries buying homes in the tourist hotspots.
The Balearic Islands in Spain could potentially ban people visiting from the UK and other European destinations from buying property there.
Almost 60,000 foreign buyers have purchased a property on the islands over the past 10 years, but this could soon come to an end as the government is considering stepping in. The Balearic regional government has acted and decided to create a commission in order to analyse the possibility of prohibiting the buying of housing.
A spokesman for Francina Armengol – president of the Balearic Islands and a member of the center-left PSOE political party – said in October of 2022 that the government is "in favor of setting limits on home ownership."Top Trending Stories Today Meanwhile, it was recently announced that three of these places would introduce new tourist number limits during the busy summer season.
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