Etiqueta 'Majorca property market'
Far-right party "strongly condemns" anti-tourist graffiti in Mallorca
Vox are set top present a motion in the next council meeting to officially condemn these repeated acts of vandalism.
Three neighbourhoods in the Balearics among the most expensive
Inca and Manacor have seen the greatest year-on-year increase in property prices.
Non-resident property purchase: "This limitation violates superior national and European legislation, and will generate more confusion than solutions."
The Balearic government has supported a proposal to limit the purchase of homes and vehicles by non-residents in an effort to reduce overcrowding and also ease environmental pressures.
Foreigners snapping up property in Mallorca
Non-resident foreigners paid 2,481 euros per m2 for their homes, whereas residents paid 1,567 euros and nationals paid 1,503 euros per m2.
Foreign property sales in Mallorca.
Foreign property sales in Mallorca.
Property
Property sales fall as prices reach their peak
The sales of homes in the Balearics slumped by over 20% in July.
Comment
No sale
The legislation aims to curb the sale of homes to non-residents.
Jason Moore01/11/2022 09:18