Balearic Islands are one of the great economic engines of Spain thanks to the good behavior of the tourism sector. So much so they lead in 2017 and will lead in 2018 the growth of the Gross Domestic Product. Never before, the Balearics had grown as much as now. According to recent banking data, the […]Continue reading
Balearic Islands is currently at the forefront of real estate market price leadership with a 7.2% increase between January and June, compared to the same period last year, according to data from the appraiser Tinsa. The islands have benefited from the incipient recovery of national tourism but, above all, from the strong increase in the […]Continue reading
Data from recent statistics cast the following conclusions: The average price of second-hand housing in the Balearic Islands has increased by 1.2% in May compared to the previous month, bringing the value to 2,108 Euros per square meter. This figure is 25.5% above the average in Spain. Balearics are the fourth most expensive autonomous region […]Continue reading
Last April, the Balearic Islands Tourism Agency Board initiated the Inspection Plan for the accommodation offer focusing its efforts on controlling advertising and illegal commercial offer of holiday rentals in private housing. With this, the offers published on the Internet are specifically controlled by verifying data that points to an activity outside of the tourism […]Continue reading
The forecasts of risk measurement agencies say that prices of housing will continue growing in Spain from this year until 2019 to reach 4.7% per year. This will have a positive effect on bank’s balance sheets and the behavior of mortgage companies. In this sense, the specialists affirm that there is therefore no risk of […]Continue reading
The High Court considers that the capital gain tax is unconstitutional in these cases, very common since the outbreak of the economic crisis. We must consider that the tax is not annulled but its automatic application in cases where there’s no revaluation of the property. Last February, the Constitutional Court (TC) has already the unconstitutionality […]Continue reading
