After almost two months in a state of emergency and a still not foreseeable end of the travel restrictions, we believe that the further development of Mallorca’s residential property market will be influenced by two factors from today’s perspective: Will there be long-lasting changes in supply and demand? In recent years the market has been…
Since end of July 2018 and after a one-year moratorium, it is again possible to apply for new holiday rental licenses from the Ministry of Tourism. In a first step a quota of 20,000 guest beds will come to the market. Existing “old” licenses will enjoy grandfathering in the future. The receipt of a new…