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Very limited impact in the Balearics from Spain's non-resident non-EU citizens' home-buying tax measure
Property sector representatives aren't alarmed by the measure.
Andrew Ede14/01/2025 07:39 Non-resident Britons and Americans buying a property in Spain face massive tax bill, PM announces
It could ruin the dreams of many Britons of owning a holiday home in Spain.
Foreigners may only be able to buy property if they live in the Balearics
Proposal to to establish a tourist saturation index, in which a maximum number of visitors per resident in the Balearics can be established.
Price of Mallorca homes 55% higher than five years ago
New medium-priced homes are badly needed, but house building has hit rock bottom.
Tourism and second homes are "expelling" Mallorca's residents
Land and housing are subject to speculation because of tourism.
- EU sues Spain for discriminatory tax treatment of non-residents
- A letter signed by seven protest groups urges tourists not to come to Mallorca
- Fuming over new non-smoking zones in Mallorca
- No visa needed to visit Mallorca this year as European entry/exit system is pushed back once again
- Saturday weather in Mallorca