The forecasts of risk measurement agencies say that prices of housing will continue growing in Spain from this year until 2019 to reach 4.7% per year. This will have a positive effect on bank’s balance sheets and the behavior of mortgage companies. In this sense, the specialists affirm that there is therefore no risk of […]Continue reading
The High Court considers that the capital gain tax is unconstitutional in these cases, very common since the outbreak of the economic crisis. We must consider that the tax is not annulled but its automatic application in cases where there’s no revaluation of the property. Last February, the Constitutional Court (TC) has already the unconstitutionality […]Continue reading
Few weeks after the start of the summer season, the Balearic Islands Government, entities and companies continue to laps with the Holiday Rental Law. Earlier this month, the bill that will regulate holiday rentals in the Balearic Islands was approved by the Government Council after incorporating 200 of the 294 allegations it received in the […]Continue reading
The price of housing for rent in the Balearics has experienced unparalleled growth in recent times. In the first quarter of the year the increase was 15.9%. This situation has led prices to stand at 11.8 euros / m2. Overall, the year-on-year growth rate was 18.6%. In addition, the price increased by 11.7% in Palma […]Continue reading
The Governing Council of the Balearic Islands has recently given its approval to the draft law that will regulate holiday rentals on the islands after incorporating 200 of the 294 allegations it has received in the public information period to which it was submitted. The document explains the novelty of not allowing tourist rental in […]Continue reading
Few weeks to the beginning of the tourist season and continuing with the follow-up we made to the situation of the Balearics Law of Tourism, has just confirmed that most of the homes for vacation rentals in Palma don’t meet the requirements set in that law. This statement is based on data as evident as […]Continue reading
