GOOD NEWS! Little chance of new property tax, which hits Brits hard, getting the green light
Opposition politicians, real estate agents and lawyers doubt that the new law, introduced to give Spaniards a greater chance of getting on the property ladder, will ever be approved.
60 percent of homes sales of 500,000 euros and above were made by foreigners
"In 2023 we saw a return to normality in the island’s real estate market after the extraordinary activity of the previous two years..."
Outrageous! 10,000-euro fine if non-resident Britons spend more than 90 days in Spain
Spain pushes for the law to be changed.
The nightmare of the 90 day rule
The restriction to stay for only 90 days within any 180-day period is not only inconvenient but also impacts our connection with the community and our contributions to the local economy.
No stopping the Brits in Spain
"32 percent fall in property sales in the Balearics..."
Builders and developers fume over building freeze
"Direct assault on affordable housing..."
"Banning the sale of Mallorca homes to non-residents is bordering on racism," says opposition candidate
"We will defend the rights of non-Spaniards"
"If you buy a home here, it should be to live here....."
Move has sent shockwaves through the real estate sector.
Home sharing takes off in Mallorca as the cheap alternative to owning a property
"A cheaper way of property ownership..."
One in five luxury homes in Spain are in the Balearics
On a national level, Spain has 40,295 luxury homes on the market. A
Sale of homes up 50% in the Balearics
The figures do of course reflect the influence of the pandemic on the property market.
Sales of homes in the Balearics fell 26.5% in 2020
The second greatest decrease in the country.