My top tips to give Mallorca property market a lift
Scrap the 90 day rule is the first option
The Mallorca property market has seen sales fall in recent months for a variety of reasons but buying a home on the island is still a good investment with home prices rising by 50 percent over the last decade. Here are my tips on how the property market in Mallorca could really boom.
Also in Living
- Spain at boiling point over eggs!
- Now there's a proposal for a fifteen-year residency requirement to buy a home in the Balearics
- A Good Friday. Britain's biggest cruise ship heads for Palma for Easter
- Ryanair launches subscription that waives fees for reserved seats and insurance
- Super luxury British hotels set to open in Mallorca this summer
5 comments
To be able to write a comment, you have to be registered and logged in
Hash and rehash!
1. 90 days... That's pretty much the standard everywhere in the world. Brits in particular exhibit no particular reason to be exempt, other than accident of birth. Funny though, they don't complain about the 90 day limit in Florida. Or the Caribbean. Or Costa Rica. Or Belize. Or South Africa. Or Australia. Or New Zealand... or anywhere else. 2. Easier rentals: wholeheartedly agree. Especially regarding squatting. Dump all squatter protection laws. It's legalised thievery. 3. Cut red tape for British buyers? Why? Statistically, there's not much problem attracting buyers, British or not. Why Brits in particular? Because we're not wonky "foreigners"? Accident of birth again?
Some cracking and tops tips to take away there. Amazing.
The property market doesn't need 'a lift'. House prices and rents are already at record highs. Mallorca is a small island and there is a serious lack of affordable housing. Selling more houses to non residents will only make this worse.
Living in your Mallorcan house more than 180 days is called residency and taxes paid like a resident. How many of these people who stay longer than 180 days would actually get residence status and pay tax 🤔 The rule is very fair as it is.