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When a Housing Shortage Fills the Coffers: Record Revenues in the Balearic Islands and the Islands' Bill

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
When a Housing Shortage Fills the Coffers: Record Revenues in the Balearic Islands and the Islands' Bill

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.

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