Palma property prices barely rose in 2022
The implication is that prices are hitting something of a ceiling.
No tourism price war for the Balearics
"The strategy of the Balearic tourism sector has not been to compete on prices with Turkey or Egypt."
Bookings for restaurant Christmas dinners shoot up
More restaurants are staying open for Christmas Eve than used to be the case.
![Supermarket in Ibiza](https://uh.gsstatic.es/images/placeholder-preview.webp)
Supermarket in Ibiza
The price of eggs is up almost 40%.
Supermarket shop in Mallorca 70% more expensive than a year ago
The consumers association questions why prices are continuing to rise.
Increase in house prices in Mallorca forecast to be lower next year than in 2022
While prices are falling in some regions, the Balearics isn't one of them.
"The main economy in the Balearics has become the real-estate business"
"People here won't be able to compete unless regulation is put in place for foreign buyers."
![Cost of living in the Balearics continues to rise.](https://uh.gsstatic.es/images/placeholder-preview.webp)
Cost of living in the Balearics continues to rise.
Cost of living in the Balearics continues to rise.
![Hostelry sector struggling to pay the bills.](https://uh.gsstatic.es/images/placeholder-preview.webp)
Hostelry sector struggling to pay the bills.
Hostelry sector struggling to pay the bills.
![Don't leave it too late to book a Mallorca holiday for next summer.](https://uh.gsstatic.es/images/placeholder-preview.webp)
Don't leave it too late to book a Mallorca holiday for next summer.
Don't leave it too late to book a Mallorca holiday for next summer.
Spain's 12-month inflation slows to 7.3% in October
Many British households are turning away from healthier foods as rampant inflation pushes them towards cheaper processed meals.
Low salaries, high cost of living - the Balearics paradox
It all comes down to an economic model in the Balearics that needs to change.
No reductions in income tax in the Balearics
The Balearic government prefers a system of direct aid.
Autumn holiday to Mallorca could cost you 500 pounds more, says research
"Flights in some cases have risen by 50 percent..."
Palma, the most expensive place to go food shopping in Spain
"Alcompo named as one of the cheapest places to shop..."
Cost of living rockets in the Balearics above the national average
House prices in the Balearics have shot up by 22.9 %.
![Mallorca is no longer a cheap destination.](https://uh.gsstatic.es/images/placeholder-preview.webp)
Mallorca is no longer a cheap destination.
Mallorca is no longer a cheap destination.
Balearics being outpriced by Turkey and Bulgaria
"Prices have risen sharply in some destinations and fallen significantly in others."
Mallorca restaurants - "No option" but to increase prices
An average increase of ten per cent.
- 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
Mallorca’s golden goose
Price is very much going to a deciding factor and Mallorca may find it is overpriced.
Humphrey Carter15/12/2022 15:01