Balearic government tax revenue from property sales in 2022 was the highest ever - 812.28 million euros, 18% more than in 2021 and also well above the government's forecast of 537 million.
Record Balearic tax revenue from property sales
More than half total revenue from the region's own taxes
Also in News
- Greece and Portugal cash in as Spain says adios to Golden visa
- Ryanair to base 16 aircraft at Palma airport this summer, an investment of $1.6 billion and supporting 7,000 jobs
- Mallorca set to welcome back young British seasonal workers
- Residents furious in Palma NO-GO area
- Weekend weather: No masking the fact that carnival could be a wash-out
3 comments
To be able to write a comment, you have to be registered and logged in
50% of the regions tax revenue coming from property tax... Does this include lawyers, real estate agents, builders, architects etc, this government is delusional if they believe they can live on a fraction of this revenue
Record tax collections from property sales....kiss goodbye to much of this very important part of the budget (50% of the island's revenue comes from property sales tax!!) if politicians promoting a ban on property sales to non residents get their way!!
Oh, the irony of this story. A huge proportion of the Balearic Government's income is made up of property sales tax, a high proportion of which comes from foreign and non-resident property sales. Meanwhile, various political parties pay lip service to banning sales to foreigners and non-island residents. You couldn't make it up.