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Mallorca non-resident property purchases to be limited
Entry of rental cars to also be restricted across the Balearics.
Humphrey Carter25/10/2022 15:49 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.
Balearics wants to cap population growth
"There is no need for more places in the Balearics."
Calvia is one of the most expensive places in Spain to either buy or rent a property
Averaqe monthly rents in Calvia are 2,839 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.
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