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Record Tax Revenue in the Balearic Islands
The Balearic Islands reached record tax revenue in 2025, driven mainly by property sales and higher income tax receipts.
Published: April 22, 2026
Answer
Why did the Balearic Islands collect record tax revenue in 2025?
The main reason was the strength of the property market, especially the property transfer tax, which brought in far more money than before. Higher income tax receipts also lifted the total, while other taxes such as VAT and inheritance tax fell. In short, expensive property sales and rising incomes pushed the public coffers to a new high.
More questions on this topic
Related follow-up questions from the same article, collected in one place.
1FAQ
Does a record budget in Mallorca mean the housing crisis is improving?
A bigger budget does not automatically solve Mallorca’s housing shortage.
Quick overview
2FAQ
How does the property transfer tax affect Mallorca’s public finances?
High property sales bring in more transfer tax for the Balearic budget.
Quick overview
3FAQ
What does the housing shortage in Palma mean for ordinary residents?
Many Palma residents face rising rents and shrinking housing options.
Quick overview
4FAQ
What is the situation like for families trying to find housing in La Soledat, Mallorca?
Families in La Soledat are often priced out of the local housing market.
Quick overview
5FAQ
Why is Portixol often mentioned in discussions about Mallorca’s property market?
Portixol shows how property demand and rising prices are reshaping Mallorca.
Quick overview
6FAQ
What housing measures are being discussed for Mallorca?
Planners are looking at taxes, incentives, and social housing funding.
Quick overview
7FAQ
Is higher tax revenue in the Balearic Islands good news for renters?
Renters benefit only if extra revenue is tied to housing policy.
Quick overview
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