Mallorca

Mallorca, News

Sundry tax information – what owners of Mallorca real estate need to know in 2018

The acquisition There are three ways to become the owner of a property – buy it, inherit it, or receive it as a gift. A buyer has to deal either with sales tax (10% on completed residential real estate) or with land transfer tax (8 to 11 per cent).  In the case of an inheritance worth up to 700.000 euros the heir pays a Balearic inheritance tax of 1 per cent, always providing that he is a direct relative (spouse, child, grandchild or also, for example, parents) and has no other Spanish assets. Beware: In the case of other family relationships (brother, daughter-in-law, etc.) it becomes much more expensive. In the case of gifts, under the same ideal conditions as for inheritance the recipient would pay 7 per cent gift tax. Beware: The tax consequences for the benefactor can be consi...
Holiday Rental, Mallorca

Porta Holiday yield calculator – calculating emotion

Those looking for a holiday home in Mallorca know that it is an emotional matter. The Porta Holiday yield calculator for holiday renting makes this important investment decision more tangible and shows what can be earned from the rental. By Stefanie Claudia Müller Beate Schneider has long been looking for her new holiday domicile in Mallorca and she knew: ''The property should be situated on the sea, preferably near to the beach and with sea views''. The doctor and mother of three children from Hamburg wanted her house to be in the south-west of the island, although she knew that she would have to pay a lot as the prices in Mallorca in many areas have reached record levels. ''It was, however, clear to me that when I am not on the island the house could be rented out for a good...
Mallorca, Porta Mallorquina, Real Estate

The new face of the Playa de Palma

On Palma's most beautiful beach the way has been paved to make it desirable not only for holiday makers but also for residents. It seems that the times when the 'Palma Beach' stood only for cheap tourism belong to the past. A year ago Palma's city government founded the initiative 'Palma Beach' in order to upgrade the area and change it into an attractive destination for 365 days of the year. In order to get closer to the goal of becoming an internationally popular 'Urban Beach Destination' – similar to Barcelona or Miami – around 40 companies work hand-in-hand and include hotels, restaurants, cafes, and an ever-growing number of businesses and shops. Encouraged above all are high-quality offers in the areas of culture, leisure, gastronomy, nature, and especially sports including bea...
Mallorca, News, Real Estate

Portals Nous and its delightful surroundings

Exploring the coast of Calvia leads through very desirable places on the sea Hardly anywhere in Mallorca is more desirable as a second home, or even to live and work, than the area south-west of Palma or to be more precise, the coastline of Calvia. A large proportion of the international island residents are aware of the advantages of Cas Catala, Illetes, bendinat, Costa d'en Blanes, Portals Nous or Palmanova and have settled there. The excellent connections and access to Palma and the airport and the ample number of international and public schools in the vicinity offer a perfect living environment. Apart from the excellent infrastructure, the gentle hilly beauty of the region, the numerous diverse beaches and bathing coves with their crystal-clear water,  as well as one of Europe's be...
Mallorca

The 10 most beautiful beach clubs in Mallorca

Whether for breakfast with views over the sea, for a cool drink at sunset, for a snack after a swim or a romantic candlelight dinner – Mallorca's coast and beaches offer wonderful beach clubs. Here we present you our favourites: Mhares Sea Club Like a bird's nest the Mhares Sea Club nestles on the steep coast near Cala Blava where around 40 years ago one of the island's first beach clubs, the famous Delta, was opened. Although there is not really a beach, there is a path which leads to exciting rocky coves where sandstone used to be quarried and natural swimming pools have formed. The new club was extensively renovated a few years ago and is now very elegant with Balinese sun loungers and wide chairs, a large pool and very good food. Here you could sit forever, chill out...
Event, Mallorca, News

A colourful and sucessful spring festival

On Easter Monday Porta Holiday and Porta Mallorquina invited young and old to celebrate together in Lloseta. From the beginning of the festival at 11 am until its end, long after midnight, there was lots happening. Not only from Lloseta, but also from the surrounding villages people, particularly Mallorcans and their families, flocked to the centre of the island on Easter Monday together with numerous staff members from the 9 Porta Mallorquina and Porta Holiday offices. The spring festival was held on the grounds of Magatzem Es Coco – a kind of agricultural cooperative – and was intended for the residents and owners in the centre of the island and was enthusiastically received. A super event both for children and adults Particularly the children were enthusiastic and specially for...
Mallorca, Real Estate

Market study holiday property market Mallorca 2018

Since 2015 the STI Centre for Real Estate Studies (CRES) has been investigating the holiday property market in Mallorca on behalf of Porta Mallorquina Real Estate. For the annual market analysis the researchers analysed around 4.500 holiday-property offers from the five biggest brokers on the island. Every third property offered for sale is situated in the south-west, a fact which has not changed for years. Significantly higher is, however, the number of real estate offers in the middle of the island – around 12% of properties are located in the centre of Mallorca, one of the few regions of the island not so effected by the selling boom of the previous year. The lover of the rural, rustic Mallorca can still find a bargain here and there. Price differential from south to north The ...
Event, Mallorca, Real Estate

With passion to record sales

Porta Mallorquina presented itself at the international partner meeting of the agency group with a new brand slogan and impressive turnover figures. In November the franchise partners and office managers from Mallorca, Teneriffa and Germany met at the international yearly conference of the Porta Mondial Group. In the finca hotel ''Sa Bassa Rotja'' CEO Joachim Semrau presented the around 40 participants the new company structure of the group. In the future under the new umbrella brand-name ''Homes and Holiday AG'', based in Munich, the business areas real estate brokerage and holiday renting will be managed together. The Mallorcan master-partner Porta Mallorquina impressed at the meeting with a record turnover. In the month of October real estate to the value of over 16 million eu...
Mallorca, News

Moving to Mallorca – How to become a resident

Those who wish to live and work in Mallorca can not avoid a few bureaucratic steps. We will show you the way. A dream comes true: You have decided to enjoy the island the whole year round and want to make it the central part of your life, which means that you will spend over 183 days a year there. Taking the step of moving your life, and possibly also that of your family, to sunny Mallorca should be well thought out and carefully planned. What must I do?  The first step is, if appropriate, to de-register from your country of residence assuming that you want to permanently move to Spain. In Germany there has been, since 2015, a statutory deregistration law if you give up your domicile and do not have another. It is, however, not important for the registration in Spain whether you h...
Mallorca

International schools in Mallorca

Do you want to live in Mallorca, but have school-age children? No problem, as the international schools in Mallorca guarantee your children an excellent education. The big plus of private international schools that are concentrated in Palma and the southwest of the island, is that global languages English and Spanish are taught, contrasting with public schools where Catalan dominates. The children will enjoy a multi-lingual education at the highest level which is also recognised in GB. Coveted school places Most of the international schools have an integrated kindergarten so that children attend the same school from the start until their final exams. Care should be taken, however, to insure that children are registered for a school place in good time as many schools have waiting lists...