The challenges of the real estate sector, is the underlying theme that has been discussed in the recent Sustainable Urban Development Forum organized by the newspaper El País and sponsored by Castellana Norte District. The Spanish regulatory complexity is one of the difficulties that the housing market and complete legal certainty lives the objective to […]Continue reading
Recent economic and real estate market data show that real estate leadership has returned to Spain, highlighting in some communities as Balearics, it’s a fact that foreign investment has placed its focus in the brickwork. Spain is positioned as one of the main European markets with Madrid and Barcelona as a star destinations and REIT […]Continue reading
The latest report of the National Commission Markets and Competition (CNMC) considers unacceptable the many obstacles that put regional administrations to tourist lease. Also argues that should be eliminated almost all the tourist rental requirements imposed by the Balearic Law. The report finds that regulations on tourist use housing approved by the autonomous communities contain […]Continue reading
Last week was held in Berlin the International Tourism Fair (ITB) in the presence of German and British tour operators. The facts and figures handled in this meeting confirms the expectation that the Balearics recorded the best tourist season of all recorded to date, Mallorca being the best positioned in terms of hotel occupancy, tourist […]Continue reading
Following the approval of Decree Law 1/2016 of 12 January on the amendments of the Plan of Urban Development in the Balearic Islands we have know that last year there was a significant increase in cases of legalization on rural land in the Balearic Islands. This increase of 243%, is attached to a budget increase […]Continue reading
The Government of the Balearic Islands approved in late 2015 a new tourist tax which record the growing tourist stay 16 years with an extra 0.25 to 2.0 euros per night. The intention is that this tax is applied in hotels, guesthouses, tourist homes and on cruise ships calling at ports of the islands. The […]Continue reading
