Much foreign buying in Mallorca is at the luxury end of the market. | Archive
The Proinba developers association has registered a report by law firm Uría Menéndez with the Balearic parliament regarding the proposal to restrict non-resident home buying in the Balearics. This states that such a proposal is contrary to articles of the European Union Treaty and is not covered by Spain's act of accession to the EU. "The measure would most likely be considered indirectly discriminatory as it is likely to benefit Spanish citizens and harm citizens of other member states."