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Real estate sector calling for "corrective measures".
Cost to rent in Mallorca continues to spiral upwards
Real estate sector wanting tax incentives to get empty properties on to the rental market.
If you own a house in Mallorca...you are sitting on a pot of gold!
Nationwide property price rose by nine percent.
Record Balearic tax revenue from property sales
The government has budgeted for lower revenue in 2023.
"Banning the sale of Mallorca homes to non-residents is bordering on racism," says opposition candidate
"We will defend the rights of non-Spaniards"
Over a third of Balearic property purchases paid in cash
Higher percentages of cash payment in the Canaries and Valencia.
Palma property prices barely rose in 2022
The implication is that prices are hitting something of a ceiling.
Image of a project for a house on rural land in Mallorca
Image of a project for a house on rural land.
Money laundering in the Balearics: Over 1,000 "alerts" this year
Proportionally, the highest number of alerts in the country.
Foreign property market has been hit by talk of restrictions.
Foreign property market has been hit by talk of restrictions.
House prices in the Balearics are the most expensive in Spain
Balearics is the most expensive region for both new and used housing.
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.
Balearic government "engaged in a battle" against purchases by non-residents
The government has defended increase in taxes on properties of one million euros and more.
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.