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British government boost for Mallorca real estate
The Balearics will prove a very attrcactive destination.
Humphrey Carter16/08/2024 12:08 It’s official Brits spending more on having a good time while on holiday
Three in five (59%) are spending on eating and drinking out instead, with 55% putting the money towards the overall cost of the holiday, and 52% spending it on activities or visiting attractions while on holiday.
Balearics is home to the safest retirement spot in Spain
The Office of National Statistics’ (ONS) most recent report indicates that a total of 284,988 British citizens are now living in Spain.
Foreigners may only be able to buy property if they live in the Balearics
Proposal to to establish a tourist saturation index, in which a maximum number of visitors per resident in the Balearics can be established.
British millionaires forecast to flood to Mallorca
Britain’s decision to scrap its “non-dom” status - which lets wealthy, often foreign residents avoid tax on overseas income - had also had a “small effect.”
Mr Mallorca buys 25 percent stake in Manchester United
Forbes pegs his net worth at about $19 billion.