Inside: Win This ! Page 4
Shebizan; Socks & Sandals, Amanda’s Lost the Plot on P6
Witchcraft; In Ear Live Language Translator on P7
Born in Ibiza, but out on the Streets. The Other Side of the Sa Penya Story P3
The Great Guiri Buy Up A remarkable 44% of all property sales in the Balearic Islands are by foreigners (or as the Spanish say Guiris) This is more than double the Spanish national rate of 20%. The British buy more than double the amount of properties, 20.6%, to that of the next highest nationality, the French at 8.8%.
According to the latest report from the College of Notaries in Spain, property purchases made by foreigners in 2015 made up 20% of the total sales completed. This is an annual increase of 12% from 2014, with foreigners purchasing a total of 76,680 homes. British, French and Germans are still the leading nationalities when it comes to buying property in Spain, and
they continue to be the nationalities who prefer to invest their money in this country. The rise in the number of properties purchased by nonSpanish citizens has been in line with the stabilization of the real-estate sector in Spain over the last few years. (Continued on page 16)