The Brexit Affect To Date Since the British voted to leave the EU in a referendum in June 2016 there has been surprisingly little decline in the demand for Spanish property from UK citizens. The number of British buyers dropped significantly shortly after the referendum, but has begun its recovery. In fact, demand […]
Properties, Budget and Lifestyle The second quarter of 2017 showed further growth in property purchase by international buyers throughout Spain and its islands, with real estate agents reporting an increase in enquiries of almost 15%. Analysis of investor demographics carried out by a major estate agent, reveals that the largest group of potential […]
August Slump Hits Ibiza Private Rentals For the first time in several years official figures show that Ibiza saw a drop in the number of people booking privately rented holiday accommodation during August 2017 when compared with July, prompting allegations that property owners have effectively priced themselves out of the market. Industry insiders […]
Tourist Tax Rise in 2018 Last week saw an announcement that the Balearic Tourist Tax is to be doubled in 2018. Introduced in July 2016, the tax is payable by all tourists over the age of 16 years and currently ranges from 0,50€ to 2,50€ per day, in the summer, dependent on the […]
New Legislation and Potential to Rent Ibiza is seeing a record number of visitors in 2017 with passenger statistics increasing by some 10% on 2016 and actually doubling in the decade since 2007. The Airport authority AENA reported a total of 10,069 people passing through the airport during June alone, this equates to […]
Government Seek Out Rental Rule Breakers The Consell Insular Ibiza, are reported to have a group of ‘Informants’ circulating the island this summer to help identify illegal holiday rentals, and to inform unregistered homeowners of the fines they could face for their actions. Viviana de Sans, General Secretary of the left wing Podemos […]
British Investment – Down But Not Out On June 8th this year Britain went back to the polls in an unexpected general election called by Theresa May last month. Following a period of instability after Brexit, the pound sterling had given UK and Spanish home owners, potential investors too, some longed awaited hope as […]
Ibiza Upgrades For Record Season As May dawns, Ibiza prepares for what is predicted to be a record breaking season for visitors to the island. As always a number of hotels, apartment complexes, venues and amenities have had a face lift over the winter, many have added new facilities and the rest have, […]
Life After Article 50 The triggering of article 50 last month saw the beginning of a long and complicated process of withdrawal from the EU for Britain. Spain is home to 260,000 UK nationals, of which 90% are residents of the Balearic islands, Canary islands and Costas. Despite concerns for the future outside […]
Foreign Sales Boost Spanish Property Market Figures released by Spanish Registrars last month indicated that 13.5% of all house purchases in 2016 were made by non Spanish nationals. This shows a small decrease from the previous year but still amounts to one in 7.5 of all property transactions throughout Spain. Despite the Brexit effect, […]
