Homes in Calvia, Mallorca
Calvia is one of the most popular municipalities.
35% of Balearics homes bought in the third quarter were by foreigners
The Canaries, with 30.6%, were second behind the Balearics.
Luxury property
Only Extremadura has higher taxes on the rich than the Balearics.
El Molinar on the frontline of the foreign buying controversy
The report of the sale of a property to a German buyer came amidst the controversy raised by the proposal for residency qualification.
“Mallorca cannot become like Hong Kong”
"We need to stop, pause and reflect on what has happened, what Mallorca has already lost and how we are going to best protect what we have got moving forward."
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.
Mallorcan foreign property market hit by a “nuclear bomb”
The message is reaching international markets and causing deep concern for the immediate future of the Balearics.
Live in Palma, just ten minutes away from the beach.
Live in Palma, just ten minutes away from the beach.
Estate agent window in Mallorca
Circulars and window displays announcing financial incentives.
500 euros for finding a flat to sell
The association of real estate agents has condemned this financial incentive.
Rents predicted to rise in Mallorca as mortgage costs increase
A Balearic government mortgage guarantee scheme for first-time buyers is only for properties valued up to 270,000 euros.
United's New York flight said to have led to a 300% increase in luxury property sales
The exchange rate is currently very favourable.
Price of homes in Mallorca more than four times higher than in the mid-1990s
A fall in prices is not being forecast.
Apartment development in Palma, Mallorca
Lack of land limits the number of new builds at affordable prices.
16,000 new affordable homes needed in the Balearics
The trouble is that "there aren't any".
Estate agent's window in Mallorca
Average monthly payments mean a deficit for many families.
It takes longer to pay off the mortgage in the Balearics than anywhere else in Spain
Access to housing for the average family is "impossible".
Home sharing takes off in Mallorca as the cheap alternative to owning a property
"A cheaper way of property ownership..."
Costas ordered demolition of terrace at Mike Ashley's cave in 2001
An explanation as to why the demolition order was never carried out has yet to be given.
British demand for property in Mallorca remains strong.
British demand for property in Mallorca remains strong.
- Spain wants Britons to show they have 113.40 euros, £97, per day for their holidays
- Spanish pensioners stuck at Palma Airport for fourteen hours
- Over two hours for Britons to get through Palma airport queues
- Palma Airport passport control "collapse" put down to unscheduled flights
- Living in a motorhome in Palma: "It'll only get worse"