News Hollywood actor Michael Douglas’ Mallorca finca (country estate) is on the market with Mallorca Sotheby’s International Realty set the market there spinning recently. The projections the finca may demand as much as €50 million euro reveals what most experts say is a bull market for such exclusive properties. Spain’s Balearic Islands deserve a closer look for the coming New Year.
Spain’s Golden Visa Program Disappoints International Investors
July 3, 2013 by
Spain’s recent attempt at a “Golden Visa” program for international real estate buyers has failed to spark much interest and hasn’t capitalized on the huge market of entrepreneurs and international investors. Initially potential investors were attracted by the lower starting level of €160,000, but this has since been increased to €500,000.