As easy as when you sell your property, the local, regional, or autonomous government will purchase it and it will belong to a collective pool of houses and apartments. The new buyers will buy it then from the government at a reduced price. But the lack of political will from most parties will perpetuate this and even exacerbate it till no locals can live there anymore. 🇪🇸 profunda
Next-Courage-3654 on
Now this is also happening in Mallorca, so Menorca warms up when you go out.
BidenBrainCell on
Same in Tenerife, just few years ago I was planning to buy my place with something around 35k now I had to move from the island cause I couldn’t even afford a rent in a decent place. This shit is crazy.
Pajadawan89 on
The mother who gave birth to me 🫣
(La madre que me parió, como decimos en español)
trykydisco on
Deluxe…
Trabuk on
Així estem a Ses Illes, si no ets hereu, ho tenim molt malament. I Jesus es una zona fantàstica, lo que no ajuda. Me sap greu.
Pachaibiza on
There are lots of Ibicencos becoming multimillionaires selling their houses in Jesus so they can be converted into apartments.
This is what’s it’s like being born in a city, by the time it’s time to leave home, homes are out of your price reach for rent and purchase
This also an exaggerated image which misses out many which are less than €600k
8 Comments
Awesome…
As easy as when you sell your property, the local, regional, or autonomous government will purchase it and it will belong to a collective pool of houses and apartments. The new buyers will buy it then from the government at a reduced price. But the lack of political will from most parties will perpetuate this and even exacerbate it till no locals can live there anymore. 🇪🇸 profunda
Now this is also happening in Mallorca, so Menorca warms up when you go out.
Same in Tenerife, just few years ago I was planning to buy my place with something around 35k now I had to move from the island cause I couldn’t even afford a rent in a decent place. This shit is crazy.
The mother who gave birth to me 🫣
(La madre que me parió, como decimos en español)
Deluxe…
Així estem a Ses Illes, si no ets hereu, ho tenim molt malament. I Jesus es una zona fantàstica, lo que no ajuda. Me sap greu.
There are lots of Ibicencos becoming multimillionaires selling their houses in Jesus so they can be converted into apartments.
This is what’s it’s like being born in a city, by the time it’s time to leave home, homes are out of your price reach for rent and purchase
This also an exaggerated image which misses out many which are less than €600k