Brits need Ministry of Defence approval to buy property in Mallorca, says newspaper report
British investors snap up around 200 homes in the Balearic Islands every year.
Palma, Mallorca
Property sales were down for most of 2020.
Balearics sale of homes down 17% in November
While ten regions registered increases in sales in November, the Balearics had the greatest fall.
Banks & Investment Funds selling off property in Mallorca
Critics are demanding to know why none of the properties bought by the Government have been made available for rent.
Apartments in Mallorca
The cost to rent in Mallorca fluctuated in 2020.
Cost to rent in the Balearics fell almost eight per cent in 2020
The Balearics had the fourth highest average price in the country.
Second-hand Balearic property most expensive in the country
In December 2020, a total of 37 provinces recorded increases in second-hand home prices compared to November.
Mallorcan businessman selling up
The Cursach Group is reportedly open to offers for the Megapark in Playa de Palma.
Calvia rents go into nose dive
Rental property prices in Palma fell by 2.9% in October.
Property in Mallorca
There has been an increase in sales of stand-alone properties.
Over 25% of third-quarter Balearics home buyers were foreign
For the whole of Spain, the British remain the largest foreign home-buying market.
Government's public housing plan for Mallorca
Under the new Housing Law, newly built VPOs will always be publicly owned and cannot be sold on the open market.
Property
Forty per cent increases to rent and buy
The cost to buy and rent a property in the Balearics has increased on average by 40% since 2014.
Majorca
February weather and fines: the week in Majorca
It was less than better in winter, Airbnb was fined, there was a march against Catalan "imposition", and Ariany was spending money on tourism promotion.
Property
Fall in the number of new homes in Majorca
Local authorities are not making land available in order to facilitate the building of affordable homes.
Estate agent window in Palma, Mallorca
The fall in 2023 contrasted with a 37% cumulative rise over the previous four years.
Panic to rent a flat in Mallorca
Serious lack of housing is causing a major social problem.
Mallorca politician who wants to ban foreign property sales, sells house to a German!
“Citizens deserve leaders who act with integrity and who truly care about the welfare of society, not those who seek their own benefit at the expense of others."
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Comment
Holiday home nightmare
"Travel restrictions are proving to be a nightmare for holiday home owners.."
Humphrey Carter07/01/2021 12:00