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Mallorcan foreign property market hit by a “nuclear bomb”
The message is reaching international markets and causing deep concern for the immediate future of the Balearics.
Humphrey Carter05/11/2022 11:36 Balearic business associations slam non-resident property purchase restrictions
“It is a problem that is difficult to solve and requires far-reaching measures, not improvised ones."
Cash in on Balearic property price slow down
Price growth starting to cool everywhere except in the metropolitan areas.
Tourism Minister calls for debate on how to curb sale of Mallorca homes to non-residents
"The Balearics can´t be a theme park where there is no room for people who live here."
500 euros for finding a flat to sell
The association of real estate agents has condemned this financial incentive.
"If you buy a home here, it should be to live here....."
Move has sent shockwaves through the real estate sector.
- New setback for Britons travelling to Mallorca from Sunday, September 1
- Britons could be “stuck” on planes at Mallorca airport
- Mallorca on storm lockdown for the long weekend
- Severe weather warning upgraded for all of Mallorca, airport delays
- Update: Barcelona now on red alert for rain, 50 flights cancelled
Comment
No sale
The legislation aims to curb the sale of homes to non-residents.
Jason Moore01/11/2022 09:18