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Increased tax on sales of luxury homes, but no rise in the tourist tax
The draft for the Balearics 2023 budget is being finalised.
Government to increase the price of VPO affordable housing
Land is designated for VPO building, but the current sales price is not sufficient enough incentive for developers and builders.
Prices of luxury properties in Mallorca up almost 30%
The increase in prices partly reflects lower supply.