The EU has thoroughly examined the regulations of the Anti-Fraud Act 2012 on the declaration of property abroad and has sent an opinion to Spain in which it requests that it amend the regulations on the obligation to report the assets in the abroad for residents with more than 50,000 euros outside Spain in assets […]Continue reading

The draft of the law that must regulate the holiday rental in the Balearic Islands has not left anyone indifferent and has generated negative reactions between the different estates involved. This legislation has the opposition of the Councils of Ibiza and Formentera, all municipalities and the Hotel Federation of Ibiza and Formentera. The Vice President […]Continue reading

During last year was verified that Balearic Islands, and mainly Mallorca, is one of the most attractive Spanish territories in which to invest. Foreign capital is concentrated in refugee values such as the tourist sector and the real estate sector, which have benefited from foreign flows. The investment that comes to the Islands mainly comes from […]Continue reading

It is a clear fact that foreign capital is strongly committed to the recovery of the real estate sector in Spain. Fundamentally since 2014, several firms have entered in Spain through the purchase of office buildings, shopping malls or logistics complexes. Subsequently, several funds landed in SOCIMI’s that have raised more than 3,000 million to […]Continue reading

The Government of the Balearic Islands has recently published the latest developments in reference to the tourism law in the Balearic Islands. The Balearic Government aims to guarantee the coexistence between tourists and residents in the islands and move towards a sustainable tourism model, which will give neighboring communities the appropriate instruments to solve any […]Continue reading