Just a few days ago, the Spanish government has approved the extension of the protected area of Cabrera’s National Park, located off the southern coast of Mallorca. The existing 10,021 hectares has been expanded to a total area of 90,800 hectares of protected land (the main isle of Cabrera and 18 smaller islets – all […]Continue reading

According to the most recent reports from the CEPREDE – the Spanish Economic Prediction Center, the year 2018 will close with a 2.7% economical growth in the Balearic Islands. This is one tenth above the 2.6% national average. The same circumstances are predicted for 2019 but with slight lower numbers. Still above European levels, Spain’s […]Continue reading

Following the financial and economic crisis in Spain caused by the residential real estate bubble (which saw property prices in the country rise 200% from 1996 to 2007) the real estate market slowed down, and logically, as a result of the decrease in demand for buying houses, there was an increase in the demand for […]Continue reading

Last October 16th, the Spanish Supreme Court established that it should to be the banks the lender – and not the clients – the borrower – the ones liable for paying the stamp duty (“AJD”) on mortgage loans. It was considered that these entities were the ones most interested in registering the operation in the […]Continue reading

The Spanish government has reached an agreement with one of the main opposition parties to properly regulatethe real estate market in order to end the abusive increases ofrental prices in certain areasof the country. With the support of “Podemos” political party, the government is planningchanges to rental agreements related tothe minimum lease terms, lease extensions, […]Continue reading