Balearics look to ban foreigners from buying properties

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In an effort to slow down the rise in property prices the regional government in the Balearics is studying a ban on sales to foreign residents.

A commission has been set up to look into the proposal.

As a guide, the regional government has suggested that properties could only be bought by people who have been residents in the islands for more than five years.

Full report in Friday’s Costa Blanca News – Photo: AETIB

 

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