Property
Upper end of Majorca's property market continues to soar
Sale of properties at the upper end of the Balearic housing market has risen by 57% since the start of the year.
Transport
New plan for Palma's port will boost the ship repair sector
"No leisure or entertainment in the Moll Vell is being considered. The space will be dedicated to the port's requirements."
Tourism
31 million euros being invested in Majorca's resorts
The investment is coming from the "bolsa" fund created with revenue for legalising hotel places that needed legalising.
Tourism
28 million euros for investment from regularisation of hotel places
Payment to regularise over 5,000 hotel places provided investment for, among other things, resort infrastructure improvements.
Palma
New city centre park for Palma
“We are talking about the recuperation of an emblematic part of the city and of a serious and well thought-out project.”
Calvia
Over 900,000 euros being invested in Calvia infrastructure projects
Infrastructure projects had been called for by residents, and the town hall, meeting a commitment to address these demands, has now put five out to tender.
Economy
Investment tax incentives proposed for the Balearics
These incentives would correspond to the establishment of a business investment zone in the Balearics similar to that which exists in the Canaries.
Playa de Palma
Government still demanding Playa de Palma state funding
Vice-President Barceló is reiterating the Balearic demand for 78 million euros: 63 million of which remain outstanding.
Construction
Calvia Council rethinking hotel redevelopment projects
The town hall is saying that at present, in compliance with this law, licences are being given for both redevelopment and new build that exceed limits under the municipality’s general urban plan.
Politics
Armengol accuses the PP of cuts rather than investment
The president claimed that her administration has not found any formal documentation from the previous president or the national finance ministry regarding the “requesting of money or of a meeting (to make a request)”.
Economy
Eighty million more for 2016 budget following agreement with Madrid
Of the 322 million, 240 euros relate to agreements on road building that go back more than ten years.
Finance
Meliá investing three million on emblematic hotel
The Majorcan hotel chain is continuing on a strategy of enhancing its position in the luxury hotel segment.
Playa de Palma
Legal action may be taken over Madrid’s freezing of Playa de Palma funding
Madrid has announced that the Balearics will lose the outstanding 63 million euros of investment.
Tourism
Armengol attacks Soria for being insensitive towards the Balearics
“It seems to me that Soria has little sensitivity towards the situation in the Balearics, and this concerns me,” Armengol told the media.
Education
School building investment fallen by 87% in six years
“The new team at the (education) ministry knows what needs to be done but is not doing so, only talking about first analysing the situation."
Business
Balearics the national leader for hotel investment
The report indicates that total hotel investment in Spain in 2014 was valued at 1,100 million euros.
Finance
Balearics the focus of international hotel investment
The final tally for 2015 is expected to be over 1,600 million, the value in 2006 that was then a record.
Finance
Balearic government claims 240 million euros of unpaid road-building investment
Montoro acknowledged that the Balearics have suffered from an underfunding that the system of regional financing has failed to correct.
Tourism
Calvia mayor stressing the need for all-inclusive regulation
Tourism minister, Biel Barceló, has been seeing for himself what projects are needed by the resorts.
If you are thinking about investing, seek personalised advice
If you are thinking about investing, seek personalised advice so that your portfolio is based around your situation, objectives and risk profile.
- Spain wants Britons to show they have 113.40 euros, £97, per day for their holidays
- Major security alert at Mallorca airport, surprise landing of flights from Morocco and Namibia
- Big changes on the horizon when Britons travel to Mallorca
- Over two hours for Britons to get through Palma airport queues
- Living in a motorhome in Palma: "It'll only get worse"