Mallorcan foreign property market hit by a “nuclear bomb”
The message is reaching international markets and causing deep concern for the immediate future of the Balearics.
Live in Palma, just ten minutes away from the beach.
Live in Palma, just ten minutes away from the beach.
Estate agent window in Mallorca
Circulars and window displays announcing financial incentives.
500 euros for finding a flat to sell
The association of real estate agents has condemned this financial incentive.
Rents predicted to rise in Mallorca as mortgage costs increase
A Balearic government mortgage guarantee scheme for first-time buyers is only for properties valued up to 270,000 euros.
United's New York flight said to have led to a 300% increase in luxury property sales
The exchange rate is currently very favourable.
Price of homes in Mallorca more than four times higher than in the mid-1990s
A fall in prices is not being forecast.
Apartment development in Palma, Mallorca
Lack of land limits the number of new builds at affordable prices.
16,000 new affordable homes needed in the Balearics
The trouble is that "there aren't any".
Estate agent's window in Mallorca
Average monthly payments mean a deficit for many families.
It takes longer to pay off the mortgage in the Balearics than anywhere else in Spain
Access to housing for the average family is "impossible".
Home sharing takes off in Mallorca as the cheap alternative to owning a property
"A cheaper way of property ownership..."
Costas ordered demolition of terrace at Mike Ashley's cave in 2001
An explanation as to why the demolition order was never carried out has yet to be given.
British demand for property in Mallorca remains strong.
British demand for property in Mallorca remains strong.
Foreign demand only a part of Mallorca's housing problems
The main reason for a lack of affordable housing is that "it is impossible" to build it at the required prices.
At an estate agents window in Menorca
Inflation a key factor in causing a slowdown.
15% fall in Balearics sale of homes forecast for 2023
The average price of homes forecast to remain the same.
Sale of homes in the Balearics bucks the national trend
In Spain, there is a general slowdown in the property market.
Property in Llucmajor, Mallorca
Property in Llucmajor.
Fall in property capital gains in a majority of Mallorca's municipalities
Lower than in 2019 and in 2021 and only slightly up on 2020.
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