Mallorca, known worldwide for its stunning beaches, picturesque landscapes and rich culture, has undergone a remarkable change in recent decades. The island, located in the Mediterranean Sea, has emerged as an ever-growing technology hub. This flourishing of the technology industry in Mallorca is changing the dynamics of the real estate market and generating a significant […]Continue reading
Regional elections in Spain: Who is on the best position to win? On Sunday, May 28, 2023, regional elections will be held in Aragon, Asturias, Canary Islands, Cantabria, Castilla-La Mancha, Valencian Community, Extremadura, Balearic Islands, La Rioja, Madrid, Murcia, Navarra, and in the Autonomous Cities of Ceuta and Melilla. Municipal elections will also be held […]Continue reading
Tourism is obviously a great growth opportunity, but the boom in property rental for touristic purposes has turned into one of the main concerns of homeowners associations and local governments. The lack of control over short term rentals of touristic dwellings allowed the increase of long term rental prices and it forced many local residents […]Continue reading
The Government is finalizing a law decree requiring internet portals to report owners and income. These must comply with the Public Safety Act and report on who is staying at their properties. The Internet portals should inform the Tax Agency of who owns the tourist homes that appear on their websites and what the income they […]Continue reading
At the beginning of the month the moratorium for the granting of new tourist rental licenses came into force after the text of the amendment to the Balearics Tourism Law was published in the BOIB, after having been approved by the full Parliament on the 18th of July. The amendment makes special reference to two […]Continue reading
Last week came into force the new Law of Tourism of the Balearic Islands that begins including a moratorium of one year in which will not be granted new licenses of tourist rental. Aspects to consider: The institutions with urban planning have a period of one year to establish and approve the zoning. Until this […]Continue reading
