Two Mallorca properties are the most expensive in Spain.
There are currently 1,464 North Americans living in the Balearics.
One of the stickers on the window of a real estate office in Palma.
The most expensive property for sale in Spain is the mansion in Las Lomas, Marbella.
Mallorca is flush with luxury properties.
Spain has, as of August 1, 2023, 40,375 luxury homes on the market priced at over one million euros.
In the Balearics, the most expensive street is Paseo del Mar, in Calvia,
The price of housing has risen at a “very fast” rate in the last year.
"Estate agents maintain that it will impact the market...."
local hospitality sectors suffered a coronavirus-induced paralysis.
The owner sent a WhatsApp asking for a deposit to reserve the property.
Figures from the office of the national secretary of state for commerce show that British investment was 229 million euros to the end of September.
Over half of the foreign investment was in hotels, and much of it was German money.
A total of 1,118 properties were registered as sold in the Balearics.
There were, suggests this survey, only two regions where the cost of housing increased. The Balearics was one and the Canaries the other.