During the first semester of the current year, the luxury property buy and sell increased 27% in Spain, as the average price increased 19%. The most expensive houses in Spain are located near the sea, not surprisingly, three of the top 5 most expensive properties are in Mallorca. An annual report on wealth has been […]Continue reading
There is no doubt that investing in Mallorca’s real estate is a totally successful decision. Palma is the Spanish city where the investment in real estate is more productive, showing a price increase of 16% in the last quarter of 2017, compared to the same period in 2016. A recent survey comparing prices of housing […]Continue reading
The Tourism Intervention Plan that has been recently approved by the Consell de Mallorca, with the objective of being a planning instrument that regulates the main economic activity of Mallorca, brings news regarding ratios to distribute the holiday rental places. The main premises are the following: New licenses are limited to 000 during the next […]Continue reading
The average price of luxury properties in this region was around 6,700 euros per square meter in the first semester of the year, what implies an increase of 3% compared to same period last year, according to the last real estate reports published. The tendency has continued upwards, since the 6,500 euros of the first […]Continue reading
On June 26th 2018 the BOIB (Balearic government’s official report) published the first Housing Law in the Balearic Islands, effective from June 27th 2018, and that, according to the Balearic Government, will make it easier for citizens to have access to housing. The most important aspects of this law are the following: – The law […]Continue reading
The “Consell de Mallorca” authority has recently given definite approval to holiday rentals zoning. This is going to put an end to the existing suspension of new licenses to carry out the activity. In fact, a new zoning proposal has already been prepared taking in consideration all reports and allegations. At the moment, the Balearic […]Continue reading
