The Mallorca property market has seen sales fall in recent months for a variety of reasons but buying a home on the island is still a good investment with home prices rising by 50 percent over the last decade. Here are my tips on how the property market in Mallorca could really boom.
My top tips to give Mallorca property market a lift
Scrap the 90 day rule is the first option
- Spain wants Britons to show they have 113.40 euros, £97, per day for their holidays
- Over two hours for Britons to get through Palma airport queues
- Spanish pensioners stuck at Palma Airport for fourteen hours
- Palma Airport passport control "collapse" put down to unscheduled flights
- Watch those prices in Mallorca
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Hash and rehash!
1. 90 days... That's pretty much the standard everywhere in the world. Brits in particular exhibit no particular reason to be exempt, other than accident of birth. Funny though, they don't complain about the 90 day limit in Florida. Or the Caribbean. Or Costa Rica. Or Belize. Or South Africa. Or Australia. Or New Zealand... or anywhere else. 2. Easier rentals: wholeheartedly agree. Especially regarding squatting. Dump all squatter protection laws. It's legalised thievery. 3. Cut red tape for British buyers? Why? Statistically, there's not much problem attracting buyers, British or not. Why Brits in particular? Because we're not wonky "foreigners"? Accident of birth again?
Some cracking and tops tips to take away there. Amazing.
The property market doesn't need 'a lift'. House prices and rents are already at record highs. Mallorca is a small island and there is a serious lack of affordable housing. Selling more houses to non residents will only make this worse.
Living in your Mallorcan house more than 180 days is called residency and taxes paid like a resident. How many of these people who stay longer than 180 days would actually get residence status and pay tax 🤔 The rule is very fair as it is.