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Balearic government "engaged in a battle" against purchases by non-residents
The government has defended increase in taxes on properties of one million euros and more.
Andrew Ede29/11/2022 09:25 Another day...another rise in property taxes for luxury homes
"Taxes on cheaper homes to be reduced..."
35% of Balearics homes bought in the third quarter were by foreigners
The Canaries, with 30.6%, were second behind the Balearics.
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.
- 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