Housing crises are widespread around the world today, the result of a noxious cocktail of varying ingredients - but the common denominator is a capitalist economic system which thrives on housing shortage. The reasons for the housing shortage on the Spanish Balearic Island of Eivissa (known more commonly as Ibiza) is run-away mass tourism, as more and more properties are snagged by visitors - both for short holidays and longer term relocations - and prices for residents are pushed up. Around a third of Eivissa's growing population, now pushing 160,000, comprises people from outside Spain, a ratio that is also increasing; over a third of properties for sale in the first three months of 2023 were bought by foreign buyers.
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