“Why limiting the purchase of housing to foreigners is not impossible, but it is very complicated and of doubtful effectiveness”

” Recent studies have linked the pressure exerted by foreign real estate investments with the rise in prices, so it seems clear that stopping foreigners would, at the very least, open up more houses for locals, although it remains to be seen what type.”

“The problem, Janer points out, is that the housing policy in these autonomous regions has been “meager”. The Canary Islands and the Balearic Islands occupy the last positions in terms of the construction of social housing in the last 40 years with respect to the total number of residential buildings built. “

“The UIB professor believes that European jurisprudence suggests that limiting the purchase of housing to foreigners has to be the “culmination” of a set of “serious policies” that, up to now, have not been implemented.”

El Diario (2024)

Protestors responds to mass tourism in the streets of the Canary Islands (EFE, Quique Curbelo)