Spain's Balearics oppose restrictions on foreigners buying homes

The Balearic Islands and Canary Islands in Spain are confronting severe housing shortages exacerbated by escalating property prices and mass tourism. Regional governments have actively sought EU measures to restrict foreign property purchases but have faced resistance despite Spanish Prime Minister proposals of taxes or bans for non-EU residents acquiring homes without Spanish ties. Both regions have implemented local solutions yet continue to grapple with housing deficits, leading the Canary Islands to formally request EU assistance this week at the European Union level.