1 Dec, 2022 @ 15:00
1 min read

Spain’s Balearic Islands wants to restrict non-resident property buyers but EU law forbids it

Majorca Palma

THE Balearic Islands regional government is looking to see if can limit property sales to non-residents.

High prices and availability of homes to islanders have prompted the long-trumpeted move, but there’s a very long way to go in the process, which would appear unlikely to become a reality.

There are many legal hurdles to overcome- notably EU legislation- and a report has been commissioned to examine current European laws.

There is no precedence in the EU for such a move, with the exception of Denmark who had a property agreement included in their accession deal.

Legal experts say that it would be an arduous process because even if the Balearics government passed a law, it could be vetoed by the national government for infringing European laws.

Even if Madrid agreed to it, it would almost certainly be challenged by the European Commission or any EU member state before ending up in the European Court of Justice.

READ MORE:

Alex Trelinski

Alex worked for 30 years for the BBC as a presenter, producer and manager. He covered a variety of areas specialising in sport, news and politics. After moving to the Costa Blanca over a decade ago, he edited a newspaper for 5 years and worked on local radio.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

guardia civil
Previous Story

Fears grow for Mallorca hiker who fell on track near Raixa, missing since Monday

Gib Hospital 2
Next Story

Revolutionary drug that reduces chances of catching HIV from sex by 99% now available in Gibraltar

Latest from Balearic Islands

Go toTop

More From The Olive Press