Foreign property deals account for 32.5% in the Balearics
Nationally, the British are in the lead, with 8.52% of the total; followed by Germans (6.43%), Moroccans (5.46%), Poles (5.32%) and Italians (5.25%).
More complications for Britons wishing to move to Mallorca
It was seen as a way of attracting badly needed foreign investment in the wake of the eurozone crisis, which hit Spain’s property sector particularly hard.
Balearics is home to one out of every four 1 million euros properties in Spain
More than 20 % of the luxury homes for sale throughout Spain are offered for more than three million euros, which is equivalent to 9,800 units. Of these, 35% are offered in the Balearics, especially in Mallorca and Ibiza.
UK leads foreign property market in Spain
"The trend that remains is that citizens resident in the United Kingdom are the main interested parties."
One of the most expensive streets in Spain to buy a property is in Mallorca
The cheapest autonomous community in Spain is Extremadura.
Mallorca property rental rates hit record high
“We have never seen such a significant rise in prices as in the last two years."
The investment firm that wants to build 600 affordable homes in the Balearics
These would be affordable homes to rent. The arrangement would be public-private partnership with the Balearic government.
Spain’s budget rollover could leave Mallorca short of cash
Spain is one of the main recipients of EU recovery funds
Balearics has the most hotels for sale in Spain
The supply of hotels has not stopped growing since the outbreak of the Covid-19 pandemic in March 2020.
Number of German residents in Mallorca on the increase
Tax rules introduced in 2012 led to an exodus of German citizens registered in the Balearics.
Britons continue to dominate the foreign property market in Balearics and Spain, United States growing fast
In the Balearics, more than 30% of sales and purchases are carried out by foreigners.
Palma City Council to buy abandoned Gesa building
Palma City Council may not have the money.
Golden Visa for foreign residents could be doubled or scrapped in Spain
The ‘golden visas’ are being blamed for encouraging “speculation” in housing prices.
Mallorca hotel sold as part of 83 million euro investment package
Playa de Muro is considered one of the world’s best beaches.
The Balearics needs more investment from Madrid.
The Balearics needs more investment from Madrid.
Real estate sector to defend the rights of foreign investors
More than half of properties soild in 2021 were to foreigners.
International investment group has bought old Alcudia power plant.
International investment group has bought old Alcudia power plant.
Chelsea frontrunner owns Mallorcan properties
Nick Candy was always been a Chelsea fan
“Foreign investors and companies are buying big slice of the tourist industry...”
“Foreign investors and companies are buying big slice of the tourist industry...”
Majorca tourism
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Jason Moore19/08/2021 10:17