Porta Mallorquina, Author at Porta Mallorquina Real Estate

3Mar By Porta MallorquinaNo Comments

Real Estate

Increase in sales figures of holiday properties in Majorca in 2014

2014 has been a positive year for the entire real estate market in Majorca. As announced by the Spanish Statistical Office, INE, real estate sales rose throughout the Balearic Islands by 18.5% compared with the previous year. Majorca and its neighbouring islands thus stand significantly apart from market developments in the rest of the country; in Spain as a whole real estate sales rose by 2.2% – the first gain in four years. In 2014 the sales figures of Balearic islands rose up to 18,5%. Spanish notaries registered 9,281 property sales in 2014 – 1,450 more than in 2013. It may be assumed that the proportion of foreigners buying property remains high: as early as Q1 2014 the Spanish Chamber of Notaries reported that around one-third of properties sold were bought by foreign non-...

26Jan By Porta MallorquinaNo Comments

Real Estate

Sales of holiday real estate in Majorca rise in 2014

2014 has been a positive year for the entire real estate market in Majorca. As announced by the Spanish Statistical Office, INE, real estate sales rose throughout the Balearic Islands by 18.5% compared with the previous year. Majorca and its neighbouring islands thus stand significantly apart from market developments in the rest of the country; in Spain as a whole real estate sales rose by 2.2% – the first gain in four years. 9,281 properties were sold in Majorca and its neighbouring islands in 2014, a year-on-year increase of 18.5%. Spanish notaries registered 9,281 property sales in 2014 – 1,450 more than in 2013. It may be assumed that the proportion of foreigners buying property remains high: as early as Q1 2014 the Spanish Chamber of Notaries reported that around one-third of...

5Jan By Porta MallorquinaNo Comments

Franchise, Mallorca, Porta Mallorquina

10 Years of Porta Mallorquina – A Reflection

When Joachim Semrau moved to Majorca in 2001 to relax and enjoy an early retirement after a successful venture with his founded company Travel 24.com AG , the real estate market on the island was completely different than today. There were several well establised so-called “top dogs”. “Mobile Agents” that negotiated real estate without office, only with a business card and phone. Only a few companies had their own professional websites and incoming email inquiries were handled rather trivially. For Joachim Semrau, internet pioneer (Travel 24.com the first group-independent Internet travel portal in Germany) this was an incredible opportunity. However, the industry was affordable at that time, prices rose at double digits every year and for almost any property they found buyers. It all ...

19Dec By Porta MallorquinaNo Comments

Event

Winter in Mallorca? The best parties are still to come

January in Mallorca, despite the winter weather is usually not only sunny, but also full of very special, traditional celebrations. The “Dance with the Devil” is part of the celebrations in January. With music, dancing, debauchery and public barbecue feasts, the island celebrates saints Sant Sebastià and Sant Antoni. But it all starts with the Three Kings … Los Reyes Magos How gladly the usually rather quiet Mallorcans celebrate is particularly obvious at the beginning of year. The new year gets off to a great start in Mallorca, especially for children: On January 6, the three kings come to bring the Christmas gifts. The splendidly dressed wise men from the east come with their trinkets on the eve (5 January) on vessels into the ports, where they ride proud steeds thr...

15Nov By Porta MallorquinaNo Comments

Taxes

New tax laws for Spain in 2015

The proceeds from the sale of a property in Spain are taxable even for non-residents. From 2015, the tax rate on income to persons whose principal residence is in the EU is 20% instead of the previous 21%. For resident property sales in Spain, the tax burden from next year will be 24% instead of 27% (from gross income from the sale of over 24,000, – €). Especially for owners who purchased their house in Majorca before 1994 and now want to sell it, the new tax law in 2015 might be infavourable. Is this good news for sellers? Unfortunately not, because the tax reform has caused the government to retroactively “compensate for inflation and reduction coefficients” from which, there is a significant taxable income especially on older properties. Sales in 2014 are still wort...

5Nov By Porta MallorquinaNo Comments

Mallorca

Modern architectural island celebrities

Mallorca has grand buildings and true architectural gems. But here neither the Cathedral nor the Art Nouveau and Gothic buildings will be spoken of. Instead, we take a look at exceptional contemporary architecture and its most famous builders. Can Lis and Can Feliz by Jørn Utzon “Can Lis” constructed by Jørn UtzonSource: Torben Eskerod Not everyone knows that the Danish architect and builder of the Sydney Opera House, Jørn Utzon has lived many years with his family in Mallorca and has created two monuments here. As one of the most important architects of the 20th century, he has left his mark on the world, and also designed two houses in the southeast of the island: Can Lis on the coast between Porto Petro and the Mondragó Nature Reserve and Can Feliz inland at Horta. ...

1Oct By Porta MallorquinaNo Comments

Event, Golf

Golf: News from the Southwest

Real Golf de Bendinat has renewed all its greens. What’s new about the four popular 18-hole golf courses in the south west of the island – the Real Golf Bendinat, the Golf de Andratx Golf de Poniente and the Golf de Santa Ponsa? Real Golf de Bendinat As one of the oldest and most prestigious golf courses on the island, Real Golf de Bendinat has renewed all its greens. Two months – July-August – saw continued renovation work on the 18 “royal” greens. Since early September, the doors have been open again. To show off the greens in peak condition, the tournament season starts in Bendinat, according to information provided by the club leaders in November. The most autum tournaments in the southwest Major tournaments take place in October at the Golf de Andrat...

29Aug By Porta MallorquinaNo Comments

Event, Mallorca

“El Tren de Sóller”: The musical celebrated its premiere in Mallorca

Have you already been on the train to Soller? Departure since the premiere of the musical “El Tren de Sóller”, which took place on 08 August, is from the small as well as historical cinema in Sala Augusta in Palma. At this charming venue, the musical picks up its guests and takes them on a journey through the Majorcan countryside, where the traveler will encounter people of diverse cultures. “El Tren de Sóller”- the act During the train ride, the musical guests are accompanied by the charming and sympathetic at first glance Susanne from Berlin. Susanne travels for the first time by train to Sóller. She is excited, looks a bit lost and does not know what to expect on the trip. Love has led her to make the journey into the unknown to Sóller. The...

27Aug By Porta MallorquinaNo Comments

Mallorca

Street Art in Palma

A city tour with a difference Palma’s old town has two faces. At first glance, we are enchanted by the medieval city palaces, the magnificent patios, and the elegant Art Nouveau façades. But today we didn’t meet on the Plaza Mayor to follow the tide of tourists. Instead, we allow ourselves to be led through the narrower, darker laneways to the Sa Gerreria quarter. This is where the city reveals its second face which exudes an unexpected, morbid charm. Street art on a garage door in Palma’s Calle Can Pueyo Palma’s second face Even close to the Mercè Church, there are countless empty houses waiting for investors willing to renovate. Until they arrive, the dilapidated façades serve as canvases for urban artists such as Manrique Daniel Durán. The Argentinian’s studio is i...

27Aug By Porta MallorquinaNo Comments

Mallorca, News, Real Estate

Majorcan real estate as an investment – why now is the time to buy at good value

“The property market in the UK threatens the overall economy,” and similar developments are determined by the British property market. The government has helped to heat up the demand for real estate vigorously. Buyers can obtain loans at favourable conditions and with virtually no equity. 5% of the purchase price is all that is needed to apply for a house purchase, thanks to government support for the buyer. As a consequence, the prices of real estate are rising rapidly. Consequence: Rapid rise in prices Since 2000, housing prices have risen in Britain by 109%. The average price of a house has risen to a new high of the equivalent of about 230,000 euros. Since the spring of 2013, the prices recorded have increased massively in the UK, especially in London where the property ...