Just before the end of 2018, the Spanish government approved new regulations, making changes to five different types of legislation, all in order to improve access to housing and enhance the long-term rental market at affordable prices. Although the actual duration of housing rental contracts is not regulated, the period of mandatory extension has been […]Continue reading
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
The Spanish Economy minister has recently revised the expected economic growth in the country for 2019. The previously announced figure of 2.3% has been lowered to 2.2% due to a necessary stronger fiscal adjustment to the government’s budget – which means less growth. Nevertheless, the updated forecast still implies a solid growth, slightly below 2018’s […]Continue reading
According to the most recent reports from the CEPREDE – the Spanish Economic Prediction Center, 2018 will close with an economic growth of 2.7% in the Balearic Islands. This is one tenth above the 2.6% national average. The same circumstances are predicted for 2019 – but with slightly lower numbers. Still above European levels, Spain’s […]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
