Few weeks after the start of the summer season, the Balearic Islands Government, entities and companies continue to laps with the Holiday Rental Law. Earlier this month, the bill that will regulate holiday rentals in the Balearic Islands was approved by the Government Council after incorporating 200 of the 294 allegations it received in the […]Continue reading
The price of housing for rent in the Balearics has experienced unparalleled growth in recent times. In the first quarter of the year the increase was 15.9%. This situation has led prices to stand at 11.8 euros / m2. Overall, the year-on-year growth rate was 18.6%. In addition, the price increased by 11.7% in Palma […]Continue reading
The Governing Council of the Balearic Islands has recently given its approval to the draft law that will regulate holiday rentals on the islands after incorporating 200 of the 294 allegations it has received in the public information period to which it was submitted. The document explains the novelty of not allowing tourist rental in […]Continue reading
Few weeks to the beginning of the tourist season and continuing with the follow-up we made to the situation of the Balearics Law of Tourism, has just confirmed that most of the homes for vacation rentals in Palma don’t meet the requirements set in that law. This statement is based on data as evident as […]Continue reading
Recent data from the Balearic Government confirm that the economy of the islands grew by 4.1% in 2016, the highest growth in the last 16 years. There were increases in all quarters, highlighting the good behavior in tourism in seasons in which traditionally presents less activity. In the same report, the Government believes that the […]Continue reading
The Spanish Constitutional Court has recently annulled the municipal tax on capital gains. This tax levies the revaluation of real estate when they are sold but is always paid, although the properties have lost value. That is why it has resolved that in no case can the legislator establish a tax taking into account acts […]Continue reading
