Mallorca Archives - Page 10 of 11 - Porta Mallorquina Real Estate

29Apr By Porta MallorquinaNo Comments

Porta Mallorquina opens seventh office in Mallorca

With the opening of its new estate agency in Palma de Mallorca on 3rd May, Porta Mallorquina – Master franchise partner of Porta Mondial AG – will be inaugurating its seventh office in Mallorca. The new estate agency is centrally located on Calle Conquistador 8, directly opposite the Balearic parliament building. As is already the case with Puerto Andratx, Santa Ponsaand Santanyí, this estate agency also captivates with its exceptional design – shared by all estate agencies in this international franchise group – which has been recognized in Germany as a “Best Practice” example for estate agents by the journal of the German Real Estate Industry Confederation AIZ. The well-known jazz duo “Perikas Jazz Reunión Dúo” will perform at the opening. Franchise partner Ria Blum and her team now lo...

7Jan By Porta MallorquinaNo Comments

Event, Mallorca, News, Real Estate

Porta Mondial awards brand rights for holiday rentals

Launch of “Porta Holiday” at the beginning of 2013 in Majorca The Porta Mondial real estate franchise system is expanding the scope of its business and is now awarding brand rights for holiday rentals under the name “Porta Holiday”. “Porta Holiday” will be launched first in Majorca, a place where Porta Mondial has been operating for some years: the first real estate brand, “Porta Mallorquina” was founded there in 2005. Daniela Große, an experienced tourism manager, is our Licence Partner there. For Porta Mondial founder Joachim Semrau, this is a logical step: “With around 20 real estate brands such as “Porta Mallorquina”, “Porta Ibiza” or “Porta Mondial Florida”, the Porta Mondial Group is one of the leading providers of international holiday real estate. When long-term lettings...

4Dec By Porta MallorquinaNo Comments

Mallorca, Taxes

Tax changes in Spain from November 2012

If you have to pay invoices in Spain, you will be henceforth forbidden to do so in cash for payments exceeding € 2.500, when one of the two parties is a company or a professional. With this regulation, the government wants to eradicate the deeply rooted habit of paying cash without VAT - and therefore not declaring the income - of bills, such as those for craftsmen. For property sales between private individuals they are exempted from this regulation, only when the buyer is a tax resident in another country. In this case, the cash limit is a maximum of € 15,000. If you want to take advantage of the tax benefits for the purchase of a property there’s no tax benefit by doing so through a company (SL) any more. This legal form was once the preferred model in order to avoid paying tr...

30Nov By Porta MallorquinaNo Comments

Mallorca, Porta Mallorquina

Save Peru’s street children

For over 10 years Mundo de Niños has been successfully reintegrating street children into society in Peru. Now the project is in danger. You can help with a donation. Elizabeth Kelly-Semrau, the wife of Porta Mondial founder Joachim Semrau, shows a group photo of students laughing happily for the camera. It is hard to believe that just five years ago one of them – Elmer Machuca Chacón– was still cleaning car windscreens on the street to boost his family’s income. Our story takes place in Trujillo, in the north of Peru. With over 760,000 inhabitants, it is the country’s second largest conurbation after Lima. Abandoned by her husband and the father of her two children, and with little schooling or professional training, the mother of Elmer and his sister Magaly struggled to earn a ...

6Nov By Porta MallorquinaNo Comments

Mallorca

Places Mallorca – the new Fincahotel Guide

Mallorca is known for its unique rural hotels, historical estates, possessions and aristocratic estates that have been polished with great love and effort as gems and which offer tranquility and relaxation off the mass tourism. To this day, there are more than 200 Finca hotels in Majorca and PLACES MALLORCA is the first extensive guide specialized in rural tourism. Most of the 210 featured properties have been personally visited by the editors. This effort was rewarded by many personal impressions of the properties, which are reflected in the articles of the guide and therefore make PLACES MALLORCA stand out above the standard hotel descriptions. Categorized in regions, the reader quickly finds through the magazine. A summary of each Hotel informs on facilities and prices; sel...

2Oct By Porta MallorquinaNo Comments

Event, Mallorca

Myth and passion! Run with the sun – the TUI Marathon in Mallorca

The marathon is the king event amongst the long distance runs. It owes its name to the famous battle at Marathon (490 BC), when Athens had to defend themselves against an invasion from the Persians. The army of King Darius was defeated and, according to legend, the brave soldier Pheidippides delivered news of the victory running 40 km to Athens, where, after proclaiming the message "we won", he dropped dead. Whether faithful to history or just a heroic saga, nobody can tell for sure, but it is certain that people always tried to experience the limitaions of body- and mind. And there is hardly any other sport discipline that requires more in both respects from the runner than long-distance running. Why is the marathon distance 42.195 km? Shortly before the start of the first Olympi...

21Aug By Porta MallorquinaNo Comments

Mallorca, Porta Mallorquina

Grand Opening-Party in Port d’Andratx

On August 17, Real Estate Business Porta Mallorquina invited to the official opening of their new office in Port d’Andratx. The representativ office premises are impossible to miss due to their top location directly by the entrance of the port. The generous window displays give view to the stylish interior created in the award winning design of the international Porta Malloruina group. Eye-catcher in the office is a lounge area with view to the famous hill of Port Andratx. „Demanding clients deserve an appropiate reception. The design concept of the shops of Porta Mondial combining precious materials and timeless elegant design suits us perfectly well.“ comments proudly host Wolfgang Grell. Together with Robert Rademacher, he is in charge of the sales area Andratx. Despite ho...

11Jul By Porta MallorquinaNo Comments

Mallorca, Taxes

Spain raises the VAT as of the 1st of September of 2012

Spain raises the VAT as of the 1st of September of 2012. VAT exceptions in the purchase of property will only be valid until the end of the year. On the 14th of July of 2012 and according to article No. 23 of the official state bulletin, the Spanish government has increased the VAT values as of the 1st of September of 2012 as follows General VAT: increased from 18% to 21% Reduced VAT: increased from 8% to 10%. The especially reduced VAT of 4% for the purchase of newly built properties from promoters (instead of 8%), will remain being valid until the remainder of the year 2012. As of January of 2013, this VAT reduction will no longer be valid and will be applied at a rate of 10%. Are your interested in purchasing a property in Majorca? Well then now is the perfect time...

3Jul By Porta MallorquinaNo Comments

Mallorca, Porta Mallorquina

Advise on real estate financing on Mallorca

A property in a good location in Mallorca is one of the most stable investments in Europe. Even the real estate crisis in Spain, which in 2009 resulted in a dramatic price decline in many holiday destinations, could not harm the jewel of the Mediterranean. In the last three years there was a minimal price decline of a maximum of 5-10%, says Stephan Hoffmann. As the Listing Manager of Porta Mallorquina he administrates currently more than 1,800 properties in Mallorca. The slight decline should be seen as a natural market correction since after the new millennium, the real estate prices were ascending yearly in double digits untill 2008. „The price level has stabilized“, notes Stephan Hoffmann. Especially villas in front sea line and well maintained country homes, fincas, are still...

19Jun By Porta MallorquinaNo Comments

Mallorca, Porta Mallorquina

Further tax benefits when purchasing property in Mallorca

Anyone who purchases a property in Mallorca, Menorca or Ibiza between 12 May and 31 December 2012, pays on a later sale 50% less in capital gains tax. However, this regulation applies only to properties that are classified as "Urbano". The distinction between "Urbano" (properties in urban and community areas) and "rustic", i.e. rural properties such as Fincas, is determined by the respective municipalities and usually depend on the particular plot size. Your Porta Mallorquina broker would be pleased to inform you if your dream property is covered by the new tax regulations. Buying is worthwhile for residents and non-residents The tax reduction applies to residential property, which is purchased by residents, non-residents or businesses. The date of purchase is important, the resale...