Welcome to the Balearic Islands, my islands. For years now, around 2017, we have been suffering a constant rise in house prices that makes it impossible for us not only to buy, but also to rent. Mass tourism, together with the passivity of the government, has meant that private individuals and companies (both local and foreign) have created a climate of terrible financial speculation which they know they will profit from. For example, the neighbourhood of "El Molinar" in Palma (Mallorca) 30 years ago was one of the least desirable and precarious neighbourhoods, but it had access to the sea and a beautiful promenade. Today, ALL of its front line properties are sold for 1 million euros and more (but curiously, the back part of the neighbourhood still has "affordable" prices). I love my island, and I want quality and educated tourism to keep coming and getting to know every corner of this wonderful place, I hate it when local people say "tourists go home" or similar things, those people don't go with me and many other Mallorcans, but the government should try to stabilize the balance between the locals and, the people and companies that own the properties. Thanks for reading my opinion, best regards from Mallorca and I hope to see you soon on the Balearics! 👋🏻😊
@@bimble205 Well, the curious thing is that, from 2015 to 2023, we have had a socialist government in the Balearic Islands, and since 2019, we have had a socialist government in Spain. Therefore, it is not a matter of capitalism or socialism, but of common interest in the welfare of the society you govern.
@@edc1569 The Spanish coast has been DESTROYED since the 1970's, maybe less on the islands then... irregulated speculation, huge developments everywhere, some projects have even been abandoned on the mainland, etc.
@stevo728822 locals have no access to affordable housing... Tourism and immigration tore the place upside down. Political corruption and greedy landlords take the cake.
WOW VERY DANGEROUS SIR!! 😠😠 I WILL NEVER GO TO SPAIN!! 😠😠 BUT THIS IS WHY I'M LUCKY TO LIVE IN INDIA 🤗🤗 WE ARE THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳 INDIA SUPER CLEAN.......
Same Situation in the Canary Islands and the south coast of Spain...everyone is against Airbnb and are all for long term rentals, until they have a chance to rent one out themselves..most people choose to make more money on renting out short term..
It’s the same in Costa Rica, because there’s such a large number of tourists which means people are willing to pay for high prices for anything and everything means cost of living is ridiculous for locals
Yes, but people here is as retarded as the people in Britain and vote for stupid parties and clowns like Boris... So here we are, enjoying what the stupid people vote for...
More like capitalism, no? What does the government have to do with Capitalist practices? as long as the Capital stays on top the government doesn't matter. The government can't regulate a market that is regulated by offer and demand and where private companies will do everything possible to raise the prices, be it acquiring thousands of homes to leave them vacant in order to decrease offer and thus raise prices.
You'll find that right here in England with the tourist areas and countryside. Where people born in towns and areas that get a lot of tourists can't afford to actually live there anymore. Greed.
@@danielcaldwell1110 The capitalist people or they have no clue what they're talking about, or they're part of the problem. We all see what "free market" has done in USA, a broken country with millions in poverty and homeless. I don't want to be like them, we need goverment to stop the greed of the corporations
It depends, In Germany I stayed in a Garage that was converted to a studio and the Owner lived in the house. I am ok with that. Now if the owner was an absentee landlord, airbnb the house and the Garage, that would be unfair for the locals.
Still cheaper than UK… they are gaslighting you taking your eyes away from the domestic issues. The UK has some of the most expensive housing in the world with some of the lowest quality stock.
@@norristheboss143 yes… but average cost of living in UK is significantly higher… the real attack right now is on quality of life. Many more 20/30/40 something now living with parents or sharing terrible housing - an idea of working hard for better life has collapsed for many
@@ZackYounguk That seems to be a common thread in many places, that working harder for a better life is not realistic any longer. Here in the US, many younger people (18 to 34) are already giving up on buying a house, as well as deciding to not have children. This is going to backfire eventually, and it will get worse before it gets better.
The housing crisis of 2008 caused many of the issues we are seeing today. In Europe, they did not have the backing for the banks like in the US, where they were bailed out. So, places like Portugal, Greece, Spain, etc., were looking for other ways to bring in money. They came up with the Golden Visas, allowing people to purchase property in these countries as a way to either move and/or retire there, or as an investment. Well, there were many more investments made than people moving there, and these are the people renting out the properties. Last year (2023) was the first time these countries started looking into what was happening. Portugal is in the middle of changing their Golden Visa requirements. They set it up originally to where you could buy for an investment, but they are now looking at changing that to requiring that you move there and contribute to the local economies.
It is super simply, "HOUSES ARE NOT HOTELS". If the EU would implement that rule. Problem solved. You only can rent a house to a person that is going to live there for a long period, including a tourist, if he want to live there for a year or more.
The property owners don’t live there. They rent those houses out by the day/week to tourists he said so regular working people cannot afford to live there.
@@Blytheface I'm from Mallorca and there's many mallorquins that own houses (most of them just have inherited them) and they are renting them for 1000, 2000 or whatever they want per week. We should ban that. We should limit the number of tourist. Tourist only benefit a little part of the population here, we also have many people from the mainland living here because they work in tourism related jobs, they could go home as well, the island is overpopulated, the eviromental impact of the tourism surpases all the benefits from it. I propose make a "Bingo" style and just set a limited number of tourist allowed each year, it will be random so not just the rich can enjoy the island. Also I would ban to sell any property to foreingers as well, they just make everything be expensive.
Foley Alabama saw this coming and last August built a $18-million residence facility to house more than 600 seasonal workers needed by the South Baldwin hospitality industry for the start of the 2024 tourist season. The project is the first of four planned phases that will provide housing for more workers in the future. Eventually, this campus will go to 2,400 people. Now that is smart thinking.
People often say Tourism is good for the local population of anywhere because everyone wins but that simply isn't true. The nightclubs and bars are owned by wealthy individuals and foreign interests (Wayne Gallagher is an example) so while there's money flooding into Ibiza, it goes straight into the Governments hands through taxes or back out of the country in someone's own pocket. I truly empathize with the locals in Ibiza as this gentleman mentioned; the cost of living tremendously out weighs what the "normal" local people earn and that's not fair whatsoever.
It cannot be hard to find the illegal renters. Just compare the addresses on AirBB. Also check tax paid against bank accounts / earnings etc.. The black market in Spain is enormous and the country would benefit from the extra tax revenue.
A lot of popular areas in Spain are on the brink of becoming victims of their own success. Barcelona, Valencia, Malaga, and the Balearic Islands (among many other spots) have become very desirable places to be and have seen an influx of people with a spending power that most people on a local salary just can't keep up with. Eventually, wages will have to rise, but this comes at the price of whatever competitive advantage Spain might have had to create those jobs in the first place. Sometimes it feels like things are changing very, very fast here and I worry about those who are being left behind.
Before I get hate mail, I am not saying this isn't an actual problem, and that it isn't a hardship on businesses as well as residents. However, this is not isolated to Spain. The first time I saw a country literally telling tourists not to visit was when Amsterdam did this a few years back. But anywhere worth either visiting, or living / retiring in is having this problem. It is a problem in Europe, in Central America, and many parts of the US. People are going to look for places that have better weather, better medical (lower costs, as well) and where you can enjoy your life without living paycheck to paycheck. The problem should be taken on by the cities, or even the government of where you are moving to. But, as long as there is enough money involved, these cities or governments are not going to help local residents.
It isn't only rich people that can move to these locations. If you worked for 30 years, have a pension, a 401k and Social Security, you have enough monthly income to qualify for most country's Retirement Visa programs. My wife and I are average, middle class people that are looking into this ourselves. Then we read the stories, and see videos like this one, and now we feel terrible about what is happening. But where are we supposed to retire to? We can't afford to retire where we currently live in the US, and when you start looking around the country to see where it is possible, there are not many locations that are good options for us. And on top of the economic issues, there are many parts of the US where it is literally not safe for my wife and I to live. In our own country, where we were born and raised for generations, NOT...SAFE...TO...LIVE. This part is happening because of rich people.
the spain government should put rules to put control on rented properties for high tourism destination, specially ibiza tourism should stay in hotel or villas. apartement is for workers who work there.
This is why Torrevieja is now the fastest growing city in Spain. Costa blanca with its very low property prices, a lot of people are moving to the area
No different from down here in Cornwall and our government does nothing. Yet the Cornish keep voting them in, then complain about house and rent prices.
It’s not really that the Cornish keep voting them in - it’s the same as everywhere in the UK. Our left leaning parties split the non Tory vote, so although the Tories get less votes than others, they still win the seat. In my area of Cornwall, the Tories are pretty unpopular, but they may very well win again, unless people vote tactically.
Como Español anti-turismo masivo prohibiria las aplicaciones de pisos turisticos y estos tambien ; hotel o nada sin mas construcciones de estos de las que hay ; es un cancer mundial
Instead of travelling to Barcelona. Try down the coast like Tarragona and the surrounding areas. Friendlier, more affordable and not as many tourists or the crooks that prey on them.
One possible solution is to 1) Tax holiday rental income at a much higher rate to make that less appealing and 2) offer financial and tax advantages to Landlords who rent out to workers or offer mid priced housing. This isnt just a problem in Ibiza but in any town or city in Europe with a major tourist draw. The Olympic Games have made Paris a nightmare
Well interest rates have been at zero or close to that for like 15 years and then people borrow as much as they can afford, how rates are way up mortgages and hence rents are too, not that complicated.
It is of course precisely the same situation here in the U.K. Property owners have for some years been switching from long term lets to local people to short term holiday rentals. And we also have the problem of second homes. All this is unsustainable and it needs urgent, strong government action to disincentivise these trends and to stop nimbyism from preventing new housing schemes.
Seasonal business must provide seasonal accommodation for their employees.They gain so much money 💰 since 2000 that they could have built small dormitories for their stuff
The solution is to build more housing, same anywhere there is too much demand and not enoguh supply. Unfortunately the Nimbys want to protect their 'views' and want to see their house prices go up even more, and the younger generations have to pay for it.
No point in building more homes whilst so many stand empty. Make sure everyone has a first home before allowing the wealthier to have second homes. Return to an age of B & B’s, where people stayed with their hosts, campsite’s, hotels and caravans and you’ll find there’s suddenly a lot more homes available. Where do you stop with the building otherwise? We need to protect our wild spaces (if they can be said to still truly exist.) Wildlife needs ample wildlife corridors to survive, and we need our wildlife to survive. If we just join up every town and village and concrete over every green space, we will be destroying the very ecosystem that will ensure we have a future.
@@stevo728822 BS, how can new builds got for 150K then , but no doubt to many regulations that need to be cut, again this is up to government, its all up to government
Its happening all over the Mediterranean. I lived in Cyprus for 10 years and had to move back to the UK because its even more expensive. Tourism, digital nomads, refugees (from africa, ukraine, lebanon and israel)
Not all short term holiday lets make more money just renting in the summer. It depends on the property and location. One factor that draws people towards holiday lets safety vs laws protecting tenants.
we live in a society were paying more is a criterion to value your social image! Show the people throughout social media that you can afford, not only will satisfy your human ego but takes you to a place of deification. Back in the day famous people used to be admired by their qualities such as empowerment, voice, acting, resilience, goodness, professionalism... Nowdays if you have the brand new iphone, expensive cars e clothes you gonna be loved
There is no crisis. If you want to mingle with the rich, prepare to pay. If you can't afford Ibiza, move to a place you can afford. Oh - and ban short term rent in residential buildings. Where I live the shortest term is one year. Everybody backs up about this rule. The government could put a residency requirement when someone purchase an apartment. There are so many ways to deal with this.
The EU may want to introduce strict regulations or an outright ban applicable to AirBnb and other similar business models, because this questionable trend is being seen in numerous European tourist locations, not only in Spain.
People from all over are either moving there, or buying property to rent it out. Either way, this causes the real estate prices and the rents to keep climbing out of reach of the locals born and raised there.
People living in cars 🤔💬 ibiza becoming USA!... anyways, I would have also chosen tourists over the locals if I was a property owner cos money is everything!....isnt it? Why pretend to be "nice"
Do the local economy a favour and stay in a hotel that doesn't take potential housing out of the market and employs local people. It's not like Airbnb is cheap anymore (unless you are in a large group).
Imagine slaving away and noz being able to afford rent or living expenses because food is so expensive partly due to tourism, since your work where u live ;)
imagine owning a house or apartment, thinking that renting to locals at a fair rate is the right thing to do, and having your tenant stop paying rent ( for whatever reason, there are many), the eviction process is non-existent or takes months to years to happen; people say "well, that should be built in the cost of having a rental' so rental prices go up and locals can't afford to live there anymore, or the owner gives up and changes to the vacation market instead, or leaves the property empty, or sells the property at an inflated market value, and the cycle repeats itself because locals can't afford to buy it, only a corporation, financial institution or bank, or laundered money, or a one percent or anyone from another country. This is happening all over the world. Don't know what the solution is.
@@usetherightbrain. yep, it also boils down to corruption and incompetence... but sure, as soon as the rent goes up again, because you are forced to sign a contract with one year duration (in order to up the rent) I will squat to, because the streets are for the streets
It’s interesting because this is what happens in Australia as well however people are moving here permanently. This is why I’m looking to leave Australia because the cost of living has risen and to be honest our education and health care is not good but costs so much! The locals of all countries need to be taken care of first. I lived in my car also at one stage.
And in the UK, you’ll get bars and restaurants complaining they can’t get staff from places like Spain, because of Brext. In reality, it’s a problem affecting everyone in or out of the EU.
Concentrate on building new housing instead of hotels - problem solved. With the amount of money swirling about the island it should be a pretty easy task.
Make it illegal for non-residents to buy or rent property and make the tourist go to the hotels instead. Problem solved
💯
Spain is the new California. Homeless everywhere
Then property values will crash
@@vincentsamaha5586good, they deserve affordable housing
Would you recommend the same thing for London?
The AirBnb affect…
Spain is the new California. Homeless everywhere
effect
Greedy human being effect.
It's GREED...nothing more nothing less....
thats so true
Welcome to the Balearic Islands, my islands. For years now, around 2017, we have been suffering a constant rise in house prices that makes it impossible for us not only to buy, but also to rent. Mass tourism, together with the passivity of the government, has meant that private individuals and companies (both local and foreign) have created a climate of terrible financial speculation which they know they will profit from. For example, the neighbourhood of "El Molinar" in Palma (Mallorca) 30 years ago was one of the least desirable and precarious neighbourhoods, but it had access to the sea and a beautiful promenade. Today, ALL of its front line properties are sold for 1 million euros and more (but curiously, the back part of the neighbourhood still has "affordable" prices). I love my island, and I want quality and educated tourism to keep coming and getting to know every corner of this wonderful place, I hate it when local people say "tourists go home" or similar things, those people don't go with me and many other Mallorcans, but the government should try to stabilize the balance between the locals and, the people and companies that own the properties.
Thanks for reading my opinion, best regards from Mallorca and I hope to see you soon on the Balearics! 👋🏻😊
That's capitalism, sounds to me you are in favour of socialism. Different government policy's depend on who you vote for!
@@bimble205 Well, the curious thing is that, from 2015 to 2023, we have had a socialist government in the Balearic Islands, and since 2019, we have had a socialist government in Spain. Therefore, it is not a matter of capitalism or socialism, but of common interest in the welfare of the society you govern.
Why did it work so well in the 90s and 00s? What went wrong?
@@edc1569 The Spanish coast has been DESTROYED since the 1970's, maybe less on the islands then... irregulated speculation, huge developments everywhere, some projects have even been abandoned on the mainland, etc.
It seems your local council has neglected the locals needs. Affordable social housing is key.
Maybe the employers will start paying more when they can't get employees.
Just get a load of migrants in that’s the answer these days
Unfortunately that is one of the things that can fuel further inflation.
Thats why countries (capitalists)) insist on mass immigration - to keep wages low
@@davecooper3238 then maybe they'll start giving the employees free housing.
@@NightshadeWuzHere Who is this ‘they’ you refer too. If you refer to the employer that could end up with themselves being priced out of the market.
This is happening in Lisbon and in the south of Portugal as well.
Lisbon it's absolutely crazy right now. Totally deregulated
Lisbon is the new Disneyland. Totally deregulated
The population of Portugal has fallen by 200,000 in recent years. There shouldn't be any housing crisis there.
@stevo728822 locals have no access to affordable housing... Tourism and immigration tore the place upside down. Political corruption and greedy landlords take the cake.
@@stevo728822 yeah, but mass tourism is overcompensating for that.
Ban airbnb!
No space because of people like you
It sounds like it is banned
WOW VERY DANGEROUS SIR!! 😠😠 I WILL NEVER GO TO SPAIN!! 😠😠 BUT THIS IS WHY I'M LUCKY TO LIVE IN INDIA 🤗🤗 WE ARE THE REAL SUPERPOWER 🤗🇮🇳 WE HAVE THE BEST INFRASTRUCTURE AND HIGHSPEED RAIL 🤗🇮🇳 THIS WHY IM SO LUCKY LIVE IN SUPER INDIA THE CLEANEST COUNTRY IN THE WORLD 🇮🇳🤗 , WE NEVER SCAM! WE GIVE RESPECT TO ALL WOMEN THEY CAN WALK SAFELY ALONE AT NIGHT AND WE HAVE CLEAN FOOD AND TOILET EVERYWHERE 🇮🇳🤗🚽, I KNOW MANY POOR PEOPLE JEALOUS WITH SUPER RICH INDIA 🤗🇮🇳🤗🇮🇳🤗🇮🇳 INDIA SUPER CLEAN.......
@@julia2k8😂😂😂
The gov't has to be strong and limit a lot of these problems.
I’ve been living in madrid for the last 4 years. Price have increased by more than 50%.
Tell us something that matters next time
I live in seville and we are going well.
🤡🤓@@mrgenetics4063
but use spanish people are very rich though.
Just bought an apartment in Madrid. The prices are not bad at the moment, I'm more worried about the high interest rates.
Same Situation in the Canary Islands and the south coast of Spain...everyone is against Airbnb and are all for long term rentals, until they have a chance to rent one out themselves..most people choose to make more money on renting out short term..
And because of tenant rights laws.
It’s the same in Costa Rica, because there’s such a large number of tourists which means people are willing to pay for high prices for anything and everything means cost of living is ridiculous for locals
☹
Don't blame the tourist, blame the government that allows this to happen
Yes, but people here is as retarded as the people in Britain and vote for stupid parties and clowns like Boris... So here we are, enjoying what the stupid people vote for...
More like capitalism, no? What does the government have to do with Capitalist practices? as long as the Capital stays on top the government doesn't matter. The government can't regulate a market that is regulated by offer and demand and where private companies will do everything possible to raise the prices, be it acquiring thousands of homes to leave them vacant in order to decrease offer and thus raise prices.
Government shouldn't have a say in what you do with your own property.
You'll find that right here in England with the tourist areas and countryside. Where people born in towns and areas that get a lot of tourists can't afford to actually live there anymore. Greed.
@@danielcaldwell1110 The capitalist people or they have no clue what they're talking about, or they're part of the problem. We all see what "free market" has done in USA, a broken country with millions in poverty and homeless. I don't want to be like them, we need goverment to stop the greed of the corporations
What about the housing crisis in the UK BBC? And what could possibly be causing it 🤔
Partly the Air B&B thing. The same as most countries these days. I believe Edinburg, Scotland have been trying to do something about it.
@davecooper3238 Air BnB 😂😂😂😂. Yeah, ok mate.
@@mrmeldrew693 I can spell tent.
Vote reform
Not building enough social housing
Once again Airbnb is to blame for the rental crisis world wide😅
It depends, In Germany I stayed in a Garage that was converted to a studio and the Owner lived in the house. I am ok with that. Now if the owner was an absentee landlord, airbnb the house and the Garage, that would be unfair for the locals.
Nonsense.
Think there is costly, the ENTIRE country of Australia is in an insane housing crisis!
Spain is the new California. Homeless everywhere
Still cheaper than UK… they are gaslighting you taking your eyes away from the domestic issues. The UK has some of the most expensive housing in the world with some of the lowest quality stock.
Yes but the average wage in canary Islands is 1300 euros a month..uk is much higher
A friend from England told me this many years ago.
@@norristheboss143 yes… but average cost of living in UK is significantly higher… the real attack right now is on quality of life. Many more 20/30/40 something now living with parents or sharing terrible housing - an idea of working hard for better life has collapsed for many
@@ZackYounguk That seems to be a common thread in many places, that working harder for a better life is not realistic any longer. Here in the US, many younger people (18 to 34) are already giving up on buying a house, as well as deciding to not have children. This is going to backfire eventually, and it will get worse before it gets better.
Living in your car is inhumane.
Welcome to capitalism
I’ve never heard a car complain. #vanlife
I've been doing this for 5 years.
It's not fun.
It's ridiculous that people are forced into that.
Here in Mallorca too.
Super expensive...
Why did Spain make it so easy for foreigners to just buy houses?
Spain is the new California. Homeless everywhere
Because IS a liberal country ecomomic
The housing crisis of 2008 caused many of the issues we are seeing today. In Europe, they did not have the backing for the banks like in the US, where they were bailed out. So, places like Portugal, Greece, Spain, etc., were looking for other ways to bring in money. They came up with the Golden Visas, allowing people to purchase property in these countries as a way to either move and/or retire there, or as an investment. Well, there were many more investments made than people moving there, and these are the people renting out the properties.
Last year (2023) was the first time these countries started looking into what was happening. Portugal is in the middle of changing their Golden Visa requirements. They set it up originally to where you could buy for an investment, but they are now looking at changing that to requiring that you move there and contribute to the local economies.
Ban air b and b
Interestingly I’ve been in Spain staying with AirBnb ‘hosts’ who’ve been renting out their spare rooms. Makes sense now why they need the extra money
It is super simply, "HOUSES ARE NOT HOTELS". If the EU would implement that rule. Problem solved. You only can rent a house to a person that is going to live there for a long period, including a tourist, if he want to live there for a year or more.
Why should you tell a property owner what to do with their private property?
@@stevo728822 Yeah, why shouldn't I get to stay in an apartment when doing city trips? You need more elaborate regulation...
Exactly! hence this situation@@stevo728822
Same in BCN!!!!
Is there any southern or western european country without a housing crisis nowsdays?
I don't think there is. We are all going to have a rough few years ahead of us.
This whole 3 minute segment could have been a 3 line email
I think that summarizes the BBC and other mainstream media
Or the lack of interest from some of the audience
That's how they all work. Fill max space with the minimum content.
Easy, do as we having here in archipelago Åland/Finland, only residents (registred and pay tax) can buy a Real Estate.
The property owners don’t live there. They rent those houses out by the day/week to tourists he said so regular working people cannot afford to live there.
@@Blytheface I'm from Mallorca and there's many mallorquins that own houses (most of them just have inherited them) and they are renting them for 1000, 2000 or whatever they want per week.
We should ban that. We should limit the number of tourist. Tourist only benefit a little part of the population here, we also have many people from the mainland living here because they work in tourism related jobs, they could go home as well, the island is overpopulated, the eviromental impact of the tourism surpases all the benefits from it.
I propose make a "Bingo" style and just set a limited number of tourist allowed each year, it will be random so not just the rich can enjoy the island.
Also I would ban to sell any property to foreingers as well, they just make everything be expensive.
Same here in Switzerland
@@JP-xd6fm that’s exactly what I said 🤷🏽♀️
Shit weather
It’s almost as if the hoarding of wealth via property is unsustainable
Or vacations are actually something ludicrus
What's unsustainable about it?
Indeed, how far can this go? It's a worldwide problem at this point. Something has to happen.
Its happening here in london too
Same in Byron Bay, Australia $5,000 per month 2 bed unit.
Estate agents blagging the locals and pushing up rents
Same things happening elsewhere. Sedona, Arizona temporarily using a parking lot for workers to live in their cars.
Foley Alabama saw this coming and last August built a $18-million residence facility to house more than 600 seasonal workers needed by the South Baldwin hospitality industry for the start of the 2024 tourist season. The project is the first of four planned phases that will provide housing for more workers in the future. Eventually, this campus will go to 2,400 people. Now that is smart thinking.
Yeah it`s the home owners fault , nothing to do with the hotels and property developers ,
People often say Tourism is good for the local population of anywhere because everyone wins but that simply isn't true. The nightclubs and bars are owned by wealthy individuals and foreign interests (Wayne Gallagher is an example) so while there's money flooding into Ibiza, it goes straight into the Governments hands through taxes or back out of the country in someone's own pocket. I truly empathize with the locals in Ibiza as this gentleman mentioned; the cost of living tremendously out weighs what the "normal" local people earn and that's not fair whatsoever.
It cannot be hard to find the illegal renters. Just compare the addresses on AirBB. Also check tax paid against bank accounts / earnings etc.. The black market in Spain is enormous and the country would benefit from the extra tax revenue.
It happens at all the ski resorts in North America. Worker's cant afford to live there and the resorts struggle to keep staffed
Exactly the same problem from Lisbon south , up to the Algarve. Impossible for locals to rent. Portugal is cheap for holiday makers not locals.
But the population of Portugal has fallen by 200,000 in recent years. There shouldn't be a housing problem in Portugal.
Errrr, effectively the same issue in london.
Foreign investors and migration.
It's similar to what's happening in Cape Town
A lot of popular areas in Spain are on the brink of becoming victims of their own success. Barcelona, Valencia, Malaga, and the Balearic Islands (among many other spots) have become very desirable places to be and have seen an influx of people with a spending power that most people on a local salary just can't keep up with. Eventually, wages will have to rise, but this comes at the price of whatever competitive advantage Spain might have had to create those jobs in the first place. Sometimes it feels like things are changing very, very fast here and I worry about those who are being left behind.
Locals who cannot afford to live there will have to move elsewhere.
@@stevo728822 yea, easy peasy
@@stevo728822why move elsewhere the locals?
Same in Canary Islands. We are tired of the situation. The type of tourism we have is completely unsustainable
Before I get hate mail, I am not saying this isn't an actual problem, and that it isn't a hardship on businesses as well as residents.
However, this is not isolated to Spain. The first time I saw a country literally telling tourists not to visit was when Amsterdam did this a few years back. But anywhere worth either visiting, or living / retiring in is having this problem. It is a problem in Europe, in Central America, and many parts of the US.
People are going to look for places that have better weather, better medical (lower costs, as well) and where you can enjoy your life without living paycheck to paycheck. The problem should be taken on by the cities, or even the government of where you are moving to. But, as long as there is enough money involved, these cities or governments are not going to help local residents.
This is a problem that all holiday resort towns have all over the world.
A lot of the problem would be couples splitting up and living in seperate houses instead of just one together
rich people wrecking everything everywhere
It isn't only rich people that can move to these locations. If you worked for 30 years, have a pension, a 401k and Social Security, you have enough monthly income to qualify for most country's Retirement Visa programs.
My wife and I are average, middle class people that are looking into this ourselves. Then we read the stories, and see videos like this one, and now we feel terrible about what is happening. But where are we supposed to retire to? We can't afford to retire where we currently live in the US, and when you start looking around the country to see where it is possible, there are not many locations that are good options for us.
And on top of the economic issues, there are many parts of the US where it is literally not safe for my wife and I to live. In our own country, where we were born and raised for generations, NOT...SAFE...TO...LIVE. This part is happening because of rich people.
Millions of British households no longer pay the bbc poll tax, why not join them?
the spain government should put rules to put control on rented properties for high tourism destination, specially ibiza tourism should stay in hotel or villas. apartement is for workers who work there.
Government can't dictate or control private business owners can charge at any price
This is why Torrevieja is now the fastest growing city in Spain. Costa blanca with its very low property prices, a lot of people are moving to the area
Not a single person blaming Avicii?
?
He passed away.
i took a pill in ibiza to show avicii i was cool 😅
Wake me up when you have a sensible answer.
No different from down here in Cornwall and our government does nothing. Yet the Cornish keep voting them in, then complain about house and rent prices.
It’s not really that the Cornish keep voting them in - it’s the same as everywhere in the UK. Our left leaning parties split the non Tory vote, so although the Tories get less votes than others, they still win the seat. In my area of Cornwall, the Tories are pretty unpopular, but they may very well win again, unless people vote tactically.
Como Español anti-turismo masivo prohibiria las aplicaciones de pisos turisticos y estos tambien ; hotel o nada sin mas construcciones de estos de las que hay ; es un cancer mundial
Exacto 👍
Instead of travelling to Barcelona. Try down the coast like Tarragona and the surrounding areas. Friendlier, more affordable and not as many tourists or the crooks that prey on them.
No! Everyone should stay in Barcelona and leave the rest of the east coast unspoiled for those of us who discovered it years ago. 🤣
Ironically that will also ruin Tarragona in the long run.
Or stay in Girona, its less than an hour ride on the Renfe.
Yeah, but Barcelona is just so iconic...
It's all over Europe UK I hate it when so many people come you can't even move something needs to be done in many places,
One possible solution is to 1) Tax holiday rental income at a much higher rate to make that less appealing and 2) offer financial and tax advantages to Landlords who rent out to workers or offer mid priced housing. This isnt just a problem in Ibiza but in any town or city in Europe with a major tourist draw. The Olympic Games have made Paris a nightmare
Same thing in Greece.
Same in London
Go to Turkey cheaper and lots of partying. Bars, niteclubs, restaurants. Very hot in summer. No problermo.
Tenerife is also a housing nightmare all year long due to it's good weather...
Well interest rates have been at zero or close to that for like 15 years and then people borrow as much as they can afford, how rates are way up mortgages and hence rents are too, not that complicated.
I guess we should all stop taking vacations.
It is of course precisely the same situation here in the U.K. Property owners have for some years been switching from long term lets to local people to short term holiday rentals. And we also have the problem of second homes. All this is unsustainable and it needs urgent, strong government action to disincentivise these trends and to stop nimbyism from preventing new housing schemes.
Seasonal business must provide seasonal accommodation for their employees.They gain so much money 💰 since 2000 that they could have built small dormitories for their stuff
Agreed. The hotels should provide staff accommodation.
The solution is to build more housing, same anywhere there is too much demand and not enoguh supply. Unfortunately the Nimbys want to protect their 'views' and want to see their house prices go up even more, and the younger generations have to pay for it.
No point in building more homes whilst so many stand empty. Make sure everyone has a first home before allowing the wealthier to have second homes. Return to an age of B & B’s, where people stayed with their hosts, campsite’s, hotels and caravans and you’ll find there’s suddenly a lot more homes available. Where do you stop with the building otherwise? We need to protect our wild spaces (if they can be said to still truly exist.) Wildlife needs ample wildlife corridors to survive, and we need our wildlife to survive. If we just join up every town and village and concrete over every green space, we will be destroying the very ecosystem that will ensure we have a future.
lol blame air bnb sure that’s the only problem.
It's definitely a large part of the problem in a lot of spots all over the world. So, they are part of the problem not the solution.
Airbnb is actually the biggest part of the problem.
It’s no different then Australia, New Zealand, Canada , UK , America , and so on the list goes living in cars camping 🏕️ streets so on 🤔🤔😩👀😳🫣😢
Somehow I see the same effect in most bigger cities around the world... rents seem to only know one way these days.. and that's up.
build more houses, whats wrong with govenrments, same in Uk just build more fckin affordable houses already
The cost of building a house in the UK is a minimum of £300,000.
@@stevo728822 BS, how can new builds got for 150K then , but no doubt to many regulations that need to be cut, again this is up to government, its all up to government
Thé world is getting more and more expensive for us to live in. Everywhere is expensive for the locals.
Don't go to Ibiza is too expensive!
By sounds of it they won't have staff to clean your room even.
🏠🌆 It's concerning to see such a crisis impacting Spain's tourist destinations.
Spain is the new California. Homeless everywhere
It's pretty much every major tourist destination around the planet, right now. This is not isolated to Spain.
Its happening all over the Mediterranean. I lived in Cyprus for 10 years and had to move back to the UK because its even more expensive. Tourism, digital nomads, refugees (from africa, ukraine, lebanon and israel)
I am sure the Russian "refugees" did not drive up prices at all :)
@kimmie411 Yes, everyone else was the problem, except for you?
@@trildi troll
Not all short term holiday lets make more money just renting in the summer. It depends on the property and location. One factor that draws people towards holiday lets safety vs laws protecting tenants.
Same thing happening in Hawaii.
It's literally the same in York and other cities in UK because of holiday lets and increased popularity. So most of us born there have to leave.
Cost of partying crisis.
The problem is .... GREED !
The government shouldn't be telling people what they can or can not do with THEIR PROPERTY
Bolloxs
That’s because of all the immigrants moving there from the UK!
Are you not an immigrant ?
we live in a society were paying more is a criterion to value your social image! Show the people throughout social media that you can afford, not only will satisfy your human ego but takes you to a place of deification. Back in the day famous people used to be admired by their qualities such as empowerment, voice, acting, resilience, goodness, professionalism... Nowdays if you have the brand new iphone, expensive cars e clothes you gonna be loved
🎯
Narcissism has been on the increase for at least a couple of decades now. Status Anxiety is rampant, sadly.
There is no crisis. If you want to mingle with the rich, prepare to pay.
If you can't afford Ibiza, move to a place you can afford.
Oh - and ban short term rent in residential buildings. Where I live the shortest term is one year. Everybody backs up about this rule.
The government could put a residency requirement when someone purchase an apartment. There are so many ways to deal with this.
The EU may want to introduce strict regulations or an outright ban applicable to AirBnb and other similar business models, because this questionable trend is being seen in numerous European tourist locations, not only in Spain.
Is it because so many brits have moved there?
No
People from all over are either moving there, or buying property to rent it out. Either way, this causes the real estate prices and the rents to keep climbing out of reach of the locals born and raised there.
Why does this video have the headline permanently on? It’s crap!
People living in cars 🤔💬 ibiza becoming USA!... anyways, I would have also chosen tourists over the locals if I was a property owner cos money is everything!....isnt it? Why pretend to be "nice"
Do the local economy a favour and stay in a hotel that doesn't take potential housing out of the market and employs local people. It's not like Airbnb is cheap anymore (unless you are in a large group).
Airbnb is not good for locals
We don’t allow it for under 30 days in our beach community 😎
Greed! Also I guess is happening in uk
Ibiza my dream destination ❤
simple.....IT CAN NOT BE SUSTAINED!!
No Watney's Red Barrel? 😮
I don't understand why these places can't set aside land for affordable housing.
As if they think the people who aren't rich don't matter.
imagine owning a house and the gov thinks they can say what u can and cant do with it
Imagine slaving away and noz being able to afford rent or living expenses because food is so expensive partly due to tourism, since your work where u live ;)
@@Red-jg6wh No one needs to imagine, this is what everyone deals with now. And many places have it much, much worse.
@@Catsandbats666 oh thx for reminding me, u so wise! I almost forgot how poor i am
imagine owning a house or apartment, thinking that renting to locals at a fair rate is the right thing to do, and having your tenant stop paying rent ( for whatever reason, there are many), the eviction process is non-existent or takes months to years to happen; people say "well, that should be built in the cost of having a rental' so rental prices go up and locals can't afford to live there anymore, or the owner gives up and changes to the vacation market instead, or leaves the property empty, or sells the property at an inflated market value, and the cycle repeats itself because locals can't afford to buy it, only a corporation, financial institution or bank, or laundered money, or a one percent or anyone from another country. This is happening all over the world. Don't know what the solution is.
@@usetherightbrain. yep, it also boils down to corruption and incompetence... but sure, as soon as the rent goes up again, because you are forced to sign a contract with one year duration (in order to up the rent) I will squat to, because the streets are for the streets
It’s interesting because this is what happens in Australia as well however people are moving here permanently. This is why I’m looking to leave Australia because the cost of living has risen and to be honest our education and health care is not good but costs so much! The locals of all countries need to be taken care of first. I lived in my car also at one stage.
Put 120% over airbnb
lets visit the underrated places for now.. 😮😮😮
Malaga is getting soooooo bad!! we are desesperated too!!! most of andalucia is horrible
And in the UK, you’ll get bars and restaurants complaining they can’t get staff from places like Spain, because of Brext. In reality, it’s a problem affecting everyone in or out of the EU.
Housing (Alojamiento) - Economic Development (Desarrollo Economico)
The way she says eye-bee-the is cringe af
She's got a bad lithp.😂
No affordable housing === No workers for the tourist sector.
Concentrate on building new housing instead of hotels - problem solved. With the amount of money swirling about the island it should be a pretty easy task.
Hotels earn more money
Those houses are then just bought up to be let through AirBnB. How does that help?
@@joblogos2367 So then it brings down the price of AirBnB and hotels. Supply and demand
@@dannylengyel5830 But how do that help the local housing market?
@@joblogos2367 Building more housing prevents prices from escalating more than they already have