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Shorouk Express – Global News, Geopolitics & Economic Analysis

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Shorouk Express – Global News, Geopolitics & Economic Analysis

Shorouk Express – Global News, Geopolitics & Economic Analysis

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Balearics

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Spain’s Balearics oppose restrictions on foreigners buying homes

Isaac Hammouch1 year ago03 mins

Shorouk Express The regional government of the Balearic Islands has come out against calls from the Canary Islands for EU help to restrict foreigners from buying homes, despite both archipelagos suffering mass tourism and property market crises. The regional authorities on Spain’s Balearic Islands have come out against proposed restrictions on foreigners as a means…

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  • Europe

More foreigners moving to Balearics but not paying tax, Spain’s tax agency says

Isaac Hammouch1 year ago03 mins

Shorouk Express Foreigners are increasingly moving to Spain’s Balearic Islands but not paying their fair share of taxes as residents, the country’s tax authorities have warned. The Spanish tax authorities are monitoring a growing number of foreigners moving to and living in the Balearic Islands without paying income tax as residents. This is according to…

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  • Europe

Spain’s Balearics will allow building on rural land to address housing shortage

Isaac Hammouch1 year ago04 mins

Shorouk Express Faced with a housing crisis, the regional government in the Balearic Islands has approved plans to allow new construction on rural land and speed up planning processes. The Balearic Islands government this week passed a decree allowing for the reclassification of rural land in order to build more housing in Palma de Mallorca….

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