Porta Mallorquina, Author at Porta Mallorquina Real Estate

4Oct By Porta MallorquinaNo Comments

Mallorca, Porta Mallorquina, Real Estate

Spanish residency law for foreign property buyers takes effect

The legislation, popularly known as the “Golden Visa Act”, gives foreign investors the right to free movement and residence within the EU On 30th September 2013 the Spanish legal gazette – the Boletin Official del Estado (BOE) – announced the eagerly anticipated new Act for foreign investors. As of now, non-EU citizens who make a minimum investment of € 500,000 in Spain, for example in real estate, may apply for a so-called investor visa that is valid for one year. During this period, the investor is not required to meet any minimum stay requirements in Spain – he can retain his main residence, and thus also his tax domicile, in his home country. A house beside the sea as a ticket to the EU: with immediate effect, foreign investors who purchase a Spanish property with a value of € 500,00...

4Sep By Porta MallorquinaNo Comments

Mallorca, Porta Mallorquina, Real Estate

FAQs to the spanish property law from G. Buades

Gabriel Buades Castellá and Daniel Olabarría are lawyers that form part of Bufete Buades’ International Desk in Palma. Experts in the areas of Real Estate Law and Tax Law they already have published numerous professional articles and books on these topics, including “Practical analysis of the tax liabilities to be borne by a German resident out of the direct and indirect acquisition, ownership and transmission of real estate located in Spain” and “Attention, all somewhat different: A new rent act has entered into force in Spain.” Daniel Olabarria Vaquero, Francisca Buchner, Gabriel Buades Castella (from left to right) 1. Am I required to pay capital gains tax on profits from the sale of real estate in Majorca? If so, where? According to Article 13 of the double taxation ag...

22Aug By Porta MallorquinaNo Comments

Franchise, News, Porta Mallorquina, Real Estate

Now 8 Porta Mallorquina offices in Majorca

On 16th August the real estate provider opened its new estate agency in Pollensa. Porta Mallorquina opened its eighth office on 16th August in Pollensa. Around 100 guests came to Via Pollentia 41 in Pollensa last Friday to attend the opening of the real estate company’s new estate agency. While enjoying the foot-tapping live music and regional specialities, the guests – and particularly many local property owners – took the opportunity to have a chat and inform themselves about the current situation in the real estate market. Sebastian Boelger (r.) weclomes Porta Mallorquina colleague Beatus Zimmermann, franchise partner for long-term lets in Majorca. Porta Mallorquina CEOs Joachim Semrau and Manfred Biedermann congratulated Regional Director Sebastian Boelger and his team on the succe...

5Aug By Porta MallorquinaNo Comments

Mallorca, Porta Mallorquina, Real Estate

Party in front of Parliament building in Palma

In Palma, Porta Mallorquina celebrated opening of seventh office in Mallorca On Friday, 3rd May, Porta Mallorquina franchise partner Ria Blum invited guests to celebrate the opening of her new estate agency at Calle Conquistador 8, directly opposite the Balearic Parliament building in Palma de Mallorca. The opening party of the new estate agency in Palma de Mallorca was very well visited Around 100 clients, friends, franchise partners and collaborators of the real estate provider were entertained into the late evening by live music from the “Perikas Jazz Reunión Dúo” who are well-known with jazz fans. Catering was provided by the popular Palma “Tast” restaurants. Catering was provided by the popular Palma “Tast” restaurants. The new estate agency on the road to the upper old town is t...

18Jul By Porta Mallorquina1 Comment

News, Real Estate

Attention, all somewhat different: A new rent act has entered into force in Spain

More flexibility, more control, and new rights: How the Spanish government wants to boost the crippling tenancy market and what implications this will have. By Daniel Olabarría On 6th June of this year the Law 4/2013 of 4th June on the Spanish Tenancy Market came into force. The reason for the revised version of the former Spanish Tenancy Law is explained in the preamble: “The Spanish real estate market is characterised by a high number of real estate and a weak tenancy market. In Spain, only 17 per cent of the population live in rented accommodation, as opposed to the European average of 30 per cent,” it says. The measures adopted are mainly targeted at private owners of vacant dwellings that are to be encouraged to enter long term rental agreeme...

15Jul By Porta MallorquinaNo Comments

Mallorca, News, Real Estate

Market Assessment of Majorca Holiday Real Estate Market

Positive market development in Spain for 2013 – Majorca’s sales figures above national average Impressive property in privileged situation close to Llucmajor The Spanish statistics office “Instituto Nacional de Estadística”, INE, reports positive growth in the area of real estate transactions for the current year. During the period from January to April 2013, Spanish notaries registered a total of 105,924 sales transactions (excluding social housing construction), representing a year-on-year increase of 10%. The Balearics – where a total of 2,973 properties changed hands during the first four months of the year – showed an increase of 12%, putting the islands slightly above the national average. Increased demand also visible on Internet With up to 100,000 visits per month, the website ...

3Jul By Porta MallorquinaNo Comments

Mallorca

A profile of Stefan Suter, north east franchise partner

Born in Zurich in 1973, his sales carreer started at Reuters in the financial sector and then changed to Hewlett Packard. He remained loyal to the IT sector up until his move to Mallorca in 2012, last working as Country Manager Switzerland for AppSense Ltd. – an leading international producer of user virtualization solutions. In Mallorca, he decided on a second career start in the real estate sector and took over the Porta Mallorquina franchise licence for the north eastern Mallorca region in 2013. Stefan Suter together with his north east region sales team (from left to right) Stefan Suter, Tanja Boaretto, Britta Niemann and Jens Falke Stefan Suter’s private life is sporty; the passionate motorcyclist (his favourite route leads from Pollença to Deià) loves the variety of lei...

3Jul By Porta MallorquinaNo Comments

Mallorca, Real Estate

Balearic real estate market remains stable

No drop in prices for good locations in Majorca Although the Spanish real estate market was unable to halt its downward trend in 2012, with losses of 10% according to the Spanish Statistical Office, INE, the number of properties sold in the Balearics in 2012 remained stable, with 7,850 transactions (excluding social housing). However, looking at the development of sales figures since 2007, we see that the real estate market in the Balearics has also dwindled to a fraction of its original volume. Source: INE 2013; chart: www.porta-mallorquina.com Jessica Jaeger, Managing Director of Porta Mallorquina Real Estate – one of the island’s biggest estate agencies – explains this development: “When the real estate crisis broke out in 2008, the market was “paralysed with shock”. Everyone was ...

3Jul By Porta MallorquinaNo Comments

Mallorca

Artà: Memories of Rural Life Gone By

On a walk through the centre, through picturesque, narrow streets with their old houses with arched gates and the “Posadas” with coats of arms above the entrances, you can easily transport yourself back to the middle ages. The residents and the town’s government are proud of their historic past and cherish the traditions. A breath of former times blows through the streets of Artà There is shop after shop offering handicrafts here in Artà. The choice ranges from pottery, woven palm baskets and turned artefacts through to delicately styled, coloured glassware. Lots of hobby painters also like to recreate the castle or the bizarrely shaped olive trees in the fields in bright colours. Fortress against pirates and raiders Artà had huge historical importance for the whole ...

1Jul By Porta MallorquinaNo Comments

News, Porta Mallorquina, Real Estate

It all started in Artà

Porta Mallorquina celebrates its eighth birthday with the opening of a new property shop in its place of origin, in Artà In 2005, Joachim Semrau started a small property company called Porta Mallorquina in the first floor on the Plaza Conquistador in Artà. Now, with its 7 locations, Porta Mallorquina counts as one of the largest property agents on the island. With this new property shop in Calle Ciutat 60, directly at the entrance to the town of Artà, Porta Mallorquina has now also opened a representative property shop, in franchisor Porta Mondial’s international design, in its place of origin. Around 60 invited guests came to Artà for the opening of the new property shop. On the 21st June, Porta Mallorquina invited its North East Region franchise partners, Stefan Suter, customers...