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.
British millionaires forecast to flood to Mallorca
Britain’s decision to scrap its “non-dom” status - which lets wealthy, often foreign residents avoid tax on overseas income - had also had a “small effect.”
Balearic government to pay almost 100 million euros to German property tycoon Matthias Kühn
The Balearic government has a period of two months to pay 63.5 million euros as the main claim plus another thirty million euros in interest since the lawsuit was filed.
Three million pound Mallorcan villa up for grabs for just 10 pounds
£250,000 in cash is also part of the prize.
Nadal has smashed his way into a small fortune.
Nadal has smashed his way into a small fortune.
Big money is being spent on wedding and other special events on Mallorca.
Big money is being spent on wedding and other special events on Mallorca.
Palma has the most expensive luxury flats in Spain
Balearics has some of the most expensive villas in the country.
Balearic nautical industry wants everybody on board for a steady future
“It’s all very well taxing the rich to cover the region’s deficit but if the millionaires did not come each year with their yachts, my company, for example, and many others, would neither be able to exist and generate important revenue for the local economy nor employ the thousands of people working in the industry."
Balearics braced for 11 million hotel guests this season
Palma and Calvia are among the top five favourite holiday destinations in Spain.
Rafa Nadal’s multi million dollar empire
Rafa Nadal is also a member of the Tatel group along with investors such as Pau Gasol, Enrique Iglesias and Cristiano Ronaldo.
Which footballer or manager spent the most on yachts in the Balearics this summer?
Ronaldo's yacht cost 180,000 pounds per week.
Over four million people flew in to Mallorca in August
So far this year, Palma airport has handled 19,940,440 passengers
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