Your weekly news catch up in Mallorca
This week we talk luxury: tourist spending, foreign buying and watches. New administration scrapping projects, promi¡ses in Calvia and tourist numbers and illegal lets.
Architect image of a luxury property in Mallorca
Architect image of a luxury property in Mallorca.
Balearics, a third of Spain's luxury homes
Defined as properties valued at three million euros or more.
Real Madrid player's penthouse in Costa d'en Blanes
Refurbishment of Marco Asensio's penthouse.
Luxury property in Mallorca
Property in Son Servera on the market for 4.9 million euros.
Prices of holiday homes in Mallorca have shot up
The highest prices are in Andratx and Calvia.
Nicole Kidman in Mallorca's "Beverly Hills", as reported in the US
Luxury-lifestyle magazine the Robb Report features Villa Soltaire in Son Vida.
Luxury property in Mallorca
The tax on the sale of luxury properties has gone up.
Luxury property in Mallorca
The luxury end of the market doesn't compete with resident housing needs.
Luxury property in Mallorca
Property sales and paperwork taxes for luxury properties are up.
Balearic government "engaged in a battle" against purchases by non-residents
The government has defended increase in taxes on properties of one million euros and more.
Image of the converted Capistrano Clinic in Cala Major, Mallorca
Image of the converted Capistrano Clinic.
Luxury apartments in what was a clinic for treating addictions
The developer is also actively seeking plots to build affordable housing.
United's New York flight said to have led to a 300% increase in luxury property sales
The exchange rate is currently very favourable.
Luxury property in Mallorca
A new tax rate for properties of two million euros and more.
Increased tax on sales of luxury homes, but no rise in the tourist tax
The draft for the Balearics 2023 budget is being finalised.
Update: Estate agents slam Balearic government plan to tax the rich
"Estate agents maintain that it will impact the market...."
Puerto Andratx is home to the most expensive property in the Balearics.
Puerto Andratx is home to the most expensive property in the Balearics.