Estate agent window in Palma, Mallorca
Foreign home buying accounts for around a third of all annual transactions.
Political pressure continuing for limits to non-resident home buying in Mallorca
"The housing market in the Balearics no longer obeys the interests of the citizens who reside here."
The week's round-up of news in Mallorca
Non-Spaniards, aka foreigners, have been dominating the news in one way or another; and the Three Kings didn't go entirely to plan.
Increase in house prices in Mallorca forecast to be lower next year than in 2022
While prices are falling in some regions, the Balearics isn't one of them.
Podemos call for 70,000 empty homes to be made available for housing
Podemos still want a two-year residency requirement before being able to buy a property.
Eastern Europe's rich seeking "refuge" properties in the Balearics
Eastern European countries haven't featured among the main foreign property buying markets.
Thirty per cent of Balearics home buying is by foreigners
Teleworking has been a factor in increasing demand among foreign buyers.
Foreign home buying in the Balearics fell by over 25% in 2020
Coastal areas were most affected by the fall in sales.
Villa in Santa Eulària, Ibiza
The Balearics head the list of most popular locations.
UK continues to be Spain's largest foreign home-buying market
There was a 22% fall in foreign home purchases between January and September.
Property
Sales of properties to foreign buyers forecast to drop 50%
One of the regions particularly affected is the Balearics.
Property
British property buying recovers after referendum slump
Foreign buying in the Balearics amounted to 40.5% of all transactions.
Property
Almost 40% of properties were sold to foreigners in 2017
14,834 properties in the Balearics were sold to foreign buyers in 2017.
Property
Foreign home buying worth 1,600 million euros in 2016
In the southwest of Majorca, transactions were worth 740 million euros last year.
Property
Balearics leading the way for foreign property investment
UK investment showed a marked downturn in the second half of last year.
Property
Almost 40% of Balearic home purchases were foreign in 2016
The level of foreign buying in the Balearics makes the region one of the most susceptible to any Brexit impact.
Property
Property market continues to be led by the Balearics
Salaries are deemed inadequate in the Balearics for the purchase of the average home. Foreign buyers are the ones helping to keep the market buoyant.
Property
High price of property not deterring foreign buyers
The price of property in the Balearics is set to increase by almost 7% above the national average this year.
Property
British dominated the foreign property market last year
In the Balearics, the increase in the level of foreign purchasing was 22.3%, well above the national figure.
Property
Britons helping to drive foreign property market
Among Swiss, Swedish and British buyers, there has been a good deal of property movement in the three to four million euro range.