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 […]
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 […]
New Year-New Property As the last few pages of the 2016 diary are turned, every newspaper astrologist is predicting your year ahead. The following advice is for those who like to take control of their own destiny, to research each action and its consequence. If you have considered buying property in the Balearics there […]
Balearics Show Strength In Recovery The most recent, Notaries’ Association, quarterly housing market report, recorded a rise in Spanish property sales averaging 13.3% and an average increase in house prices of 1.3%. The figures are encouraging, and although subject to some regional fluctuations, are especially good news for the Balearic islands where a […]
Balearic Real Estate Recovery According to figures published at the end of September demand for Balearic property continued to flourish during what was, undoubtedly, a challenging summer for the traditional buyer demographic. A further fall in the value of the pound in August was expected to reduce the potential of the British market […]
Seasonal Change and Growth As we descend from the precipice of summer’s height, the property market shifts its demographic, somewhat, from the purchase of holiday homes, to local investment following a, hopefully lucrative, season of hard work. Traditionally, islanders looking to purchase real estate are more concerned with square meterage than aesthetics and […]
