Property sales and paperwork taxes for luxury properties are up.
The government has defended increase in taxes on properties of one million euros and more.
Image of the converted Capistrano Clinic.
The developer is also actively seeking plots to build affordable housing.
The exchange rate is currently very favourable.
A new tax rate for properties of two million euros and more.
The draft for the Balearics 2023 budget is being finalised.
"Estate agents maintain that it will impact the market...."
Puerto Andratx is home to the most expensive property in the Balearics.
The tax on luxury properties in many regions is between 7% and 8%.
Proposals for property transfer tax reform are to be debated in parliament this week.
Demand for luxury properties continues to be high.