[Prime Minister Pedro Sanchez has vowed
to ban non-resident Brits from buying homes
in Spain as he desperately tries to tackle
the country's housing crisis]
Local people can no longer afford a new home
It is Airbnb they have caused prices to go up.
[Airbnb uses algorithms to increase prices.
The price of an Airbnb reservation
is based on the nightly price set
by the host, plus fees and taxes.
Airbnb's algorithm considers many
factors to determine the price,
including demand for similar listings,
the popularity of the market and listing,
and the number of positive reviews.]
Last Summer protesters getting nasty.
[Spain's socialist prime minister
has vowed to completely ban
non-resident Brits from buying
homes in the country.
Speaking at a Socialist Party event
in the Extremadura region in
western Spain on Sunday,
Pedro Sanchez said: 'We are going to propose that
these non-EU foreigners, who neither they
nor their families reside here and who
are therefore only speculating with these homes
and houses, be prohibited from buying
them in our country'.
Sanchez's remarks follow on from
his announcement last week of a
12-point programme to tackle a
mounting housing crisis which has
left locals furious with the lack of
available homes.]
https://www.dailymail.co.uk/news/art...ing-homes.html