Foreign home buying in the Balearics hits record level
There was a fourth quarter revival in foreign buying.
![Apartments under construction in Mallorca](https://uh.gsstatic.es/images/placeholder-preview.webp)
Apartments under construction in Mallorca
Podemos say that there would be advantages to landlords.
![Estate agent window](https://uh.gsstatic.es/images/placeholder-preview.webp)
Estate agent window
Podemos are attacking "a lack of will" to press for restrictions.
Balearic rent rises 21% in January, the highest rise since 2017
Balearics is the third most expensive region to rent a property in Spain.
American gold rush for Mallorca properties
New York-Palma has been United Airlines’ most profitable route in Spain over the summer season.
Nicole Kidman stays at Spain's most expensive property in Mallorca
There are seven bedrooms for a property that occupies 2,300 square metres.
![Properties in Mallorca](https://uh.gsstatic.es/images/placeholder-preview.webp)
Properties in Mallorca
View of Deya village.
Property in Mallorca
“Yes Deya has a large number of foreign owned properties, mostly sold by Mallorcans”
Average price of homes in the Balearics fell over five per cent in December
The notaries stress that one month's figures can't be taken in isolation when assessing property market behaviour.
![Estate agent window](https://uh.gsstatic.es/images/placeholder-preview.webp)
Estate agent window
Real estate sector calling for "corrective measures".
Cost to rent in Mallorca continues to spiral upwards
Real estate sector wanting tax incentives to get empty properties on to the rental market.
If you own a house in Mallorca...you are sitting on a pot of gold!
Nationwide property price rose by nine percent.
Record Balearic tax revenue from property sales
The government has budgeted for lower revenue in 2023.
"Banning the sale of Mallorca homes to non-residents is bordering on racism," says opposition candidate
"We will defend the rights of non-Spaniards"
Over a third of Balearic property purchases paid in cash
Higher percentages of cash payment in the Canaries and Valencia.
Palma property prices barely rose in 2022
The implication is that prices are hitting something of a ceiling.
![Image of a project for a house on rural land in Mallorca](https://uh.gsstatic.es/images/placeholder-preview.webp)
Image of a project for a house on rural land in Mallorca
Image of a project for a house on rural land.
Money laundering in the Balearics: Over 1,000 "alerts" this year
Proportionally, the highest number of alerts in the country.
![Foreign property market has been hit by talk of restrictions.](https://uh.gsstatic.es/images/placeholder-preview.webp)
Foreign property market has been hit by talk of restrictions.
Foreign property market has been hit by talk of restrictions.
- Emergency declared on Ryanair flight bound for Palma from Dublin
- British tourists will be “tracked” while on holiday in Mallorca
- Mallorca ambassador Sir Bradley Wiggins has “lost” his Mallorca home
- Mallorca restaurants losing clients, tourists tighten their belts
- Mallorca hotelier - "I wouldn't go to a place where I perceived there to be animosity towards tourists"
Comment
Regulating territory and landscape - the Tramuntana law
“Unesco doesn’t insist on laws, but they are clearly a byproduct of heritage sites. Unesco lists all manner of laws in different countries and territories...”
Andrew Ede10/02/2023 12:24