Costa News Spain Breaking News | English News in Spain.
Local activists claim that foreign property speculators are now posing in the role of locals to search for properties on sale in Mallorca.
An anti-tourism group claims to have identified the troubling trend via posters that have been put up around the island canvassing from residents only – no real estate agents.
A poster like this circulates in Palma, Santa Maria Soller and Sencelles. It reads “Do you have any idea about houses for sale?”
Paula is interested in purchasing property in the area. I will buy the house as-is, there is no need to clean or clear it. Contact me. Locals only, no real estate agencies.”
READ MORE ‘Do not come!’: Residents in Spain’s Mallorca warn British and German tourists ‘you are the problem’
Pretending to Be a Mallorquino This is one of the strategies investors use to gain trust and take advantage of lower prices in local markets.
Then they renovate and resell them at a higher price. This effectively forces the real estate market to increase. Mallorquinos The market is out.
READ MORE Sixth suspected migrant corpse found in the sea in Spain’s Mallorca this month
These posters are being ripped down by locals when they come across them.
“We fight to preserve our communities,” said a spokesperson. “Our priority is to end the housing speculation business.”
