American buyers attracted by Mallorca luxury property bargains
Luxury villas in Mallorca can be half the price of something similar in Florida.
Property in Mallorca
There was a fall in the number of sales to both the foreign and the Spanish markets in 2023.
30% of home sales in the Balearics in 2023 were to foreigners
General agreement that there is a stabilisation of house prices.
House prices in the Balearics fall for the first time in ten years
But the price of housing in the Balearics is still almost twice the national average.
Outrageous! 10,000-euro fine if non-resident Britons spend more than 90 days in Spain
Spain pushes for the law to be changed.
Selling properties in Mallorca that have squatters
Up to 50% of properties being sold by banks and other financial entities have squatters.
French court rejects 90 day amendment in major blow, Spain vows to fight on
"Many British holiday home owners are thinking of selling up..."
Sales of homes fall again in the Balearics
The price of housing is one reason for the fall.
Hans Lenz: Mallorca needs more affordable housing for residents
“It is reckless and a risk for consumers that there is no prior requirement, no minimum training and no control over an activity that deals with something as sensitive as renting or buying a home.”
More homes and higher value sales in Spain, reports British building giant
As at 31 December 2023, the total Taylor Wimpey España order book stood at 490 properties. That figure is a jump from 448 as at 31 December 2022.
Estate agent window in Menorca
Prices aren't expected to fall in 2024.
Price of Mallorca homes 55% higher than five years ago
New medium-priced homes are badly needed, but house building has hit rock bottom.
Balearics is top spot for foreign property sales
Price, weather and quality of life are what the British are looking for.
A property in Mallorca
Affordability is a reason for fewer sales.
Fall in house sales leaves Balearic government short
The slowdown in the property market is for different reasons.
Estate agencies in the Balearics have doubled and the risk of fraud has increased
Some of these businesses don't have the necessary knowledge or solvency; they pose a potential risk to clients.
Green light for France to ease the 90-day problem for British home owners
The plan is to automatically grant long-stay visas to British property owners.
The Mallorcan property market is attracting major global interest.
The Mallorcan property market is attracting major global interest.
Balearics still number one for foreign home buyers
The foreign percentage of all purchases in the Balearics is higher than any other region of Spain.
- Spain at boiling point over eggs!
- Now there's a proposal for a fifteen-year residency requirement to buy a home in the Balearics
- A Good Friday. Britain's biggest cruise ship heads for Palma for Easter
- Ryanair launches subscription that waives fees for reserved seats and insurance
- Super luxury British hotels set to open in Mallorca this summer