Palma25/01/2018 00:00
The alleged exodus of British and German expatriates has become a major talking point on the island and it is causing some concern. The latest figures from the census show that there has been a big fall in the number of European residents and everything from Brexit to the the crackdown on illegal holiday rentals to new taxiation laws have been blamed. The Spanish tax authorities are now asking foreigners to declare their worldwide assets, in a similar vein as many of their European counterparts. But this has allegedly caused deep concern in some circles and has (allegedly) meant that some foreigners have moved away.
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The people who would really know are those running transport companies, schools and anything to do with the nautical sector. The rest is just heresay. Yes, Palma and Mallorca are great places to live as long as one has an above average steady income and/or a nice pension pot. For those who don’t, the cost of living and health care together with a lack of close family members can be, and is, very distressing.