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](https://uh.gsstatic.es/images/placeholder-preview.webp)
Luxury property in Mallorca
The tax on the sale of luxury properties has gone up.
![Luxury property in Mallorca](https://uh.gsstatic.es/images/placeholder-preview.webp)
Luxury property in Mallorca
The luxury end of the market doesn't compete with resident housing needs.
![Luxury property in Mallorca](https://uh.gsstatic.es/images/placeholder-preview.webp)
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](https://uh.gsstatic.es/images/placeholder-preview.webp)
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](https://uh.gsstatic.es/images/placeholder-preview.webp)
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.](https://uh.gsstatic.es/images/placeholder-preview.webp)
Puerto Andratx is home to the most expensive property in the Balearics.
Puerto Andratx is home to the most expensive property in the Balearics.
![Luxury property in Mallorca](https://uh.gsstatic.es/images/placeholder-preview.webp)
Luxury property in Mallorca
The tax on luxury properties in many regions is between 7% and 8%.
Balearics - highest tax for luxury homes in the country
Proposals for property transfer tax reform are to be debated in parliament this week.
![High demand for luxury properties in Mallorca](https://uh.gsstatic.es/images/placeholder-preview.webp)
High demand for luxury properties in Mallorca
Demand for luxury properties continues to be high.
Prices of luxury properties in Mallorca up almost 30%
The increase in prices partly reflects lower supply.