Foreign buyers are falling in love with rural Mallorca
The new Balearic government scrapped inheritance tax in the Balearics earlier this year.
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Meet the author of Dream Home Mallorca, a book about buying property on the island.
Foreign property market
The foreign property market is heavily reliant on the Germans, almost 60 percent of foreign property sales this year were to Germans.
Foreign property buying
Limiting foreigners to buying would cut current real estate activity by half. A high-end property for sale in an urbanisation on the coast of Ciutadella in Minorca.
35% of Balearics homes bought in the third quarter were by foreigners
The Canaries, with 30.6%, were second behind the Balearics.
Property
Balearics the leader for home sales to foreign buyers
A downward trend in British home buying is expected to continue.
Property
Significant decrease in Balearic property sales to foreigners
The Balearics showed the second steepest decline in sales in the second half of 2018.
Property
Foreign buyers taking over in Santa Catalina
Over 40% of property sales in Palma's Santa Catalina were to foreigners.
Property
Balearics third for foreign home buying
Only Tenerife and the province of Alicante registered more sales to foreign buyers.
- Spain wants Britons to show they have 113.40 euros, £97, per day for their holidays
- Big changes on the horizon when Britons travel to Mallorca
- Over two hours for Britons to get through Palma airport queues
- Palma Airport passport control "collapse" put down to unscheduled flights
- Living in a motorhome in Palma: "It'll only get worse"
Comment
No sale
The legislation aims to curb the sale of homes to non-residents.
Jason Moore01/11/2022 09:18