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Balearics is the most expensive region for housing in Spain
Formentera is now the most expensive municipality in Spain.
Humphrey Carter09/01/2023 11:34 Balearic Government sets to work on limiting the purchase of housing to non-residents
The president hopes that Spain’s forthcoming presidency of the European Union (EU) will open the way.
Home sharing takes off in Mallorca as the cheap alternative to owning a property
"A cheaper way of property ownership..."
15% fall in Balearics sale of homes forecast for 2023
The average price of homes forecast to remain the same.
Tax cut being considered for purchase of "average-priced" homes
And a further increase in the tax on luxury properties is also being looked at.
Price of used homes in Mallorca continues to rise
The market is expected to slow in the second half of 2022.
Balearics have the highest percentage of rented homes in Spain
Getting on for 40% of homes were bought by foreigners in 2021.
- 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