Balearic Islands are one of the great economic engines of Spain thanks to the good behavior of the tourism sector. So much so they lead in 2017 and will lead in 2018 the growth of the Gross Domestic Product. Never before, the Balearics had grown as much as now. According to recent banking data, the […]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
The purchase of a house for rent offers in Spain an average return of 5.3%. Acquiring a property to rent it is each year a little more profitable. Compared to 5.4% in 2016, profitability in 2015 was 5.2%, in 2014 5% and 4.8% in 2013.Mallorca, offers a return of 5.4%, being one of the most […]Continue reading
One of the curiosities of the real estate sector in the last years is being the increase of the demand of singular houses. Mallorca is one of the areas with the highest market for high-quality construction, presenting great prospects for the future. This growth is being presented in Mallorca at a time of crisis in […]Continue reading
As we have said on numerous occasions, acquiring a property in Mallorca is a very different process from other foreign countries and requires information and professional advice that facilitates the purchase while minimizing the risks. Among other procedures, we strongly recommend carrying out construction surveys previous to the closing of the purchase sales process. These, […]Continue reading
