Mallorca Archives - Page 9 of 11 - Porta Mallorquina Real Estate

14Sep By Ulrike EschenbecherNo Comments

Mallorca, News

Real estate sales figures continue to rise in the Balearics

The Spanish statistics office, INE, reports that 623 properties (excl. social housing) were sold in the Balearics in July 2013. This represents a year-on-year increase of 9%. Impressive property in privileged situation close to Llucmajor In total, notaries in Majorca, Ibiza and Minorca recorded 4,727 sales transactions in the private housing market during the first seven months of the year. This confirms the previous months’ increases: in total from January to July, 8.4% more properties were sold compared with last year. This means that the Mediterranean islands are significantly above the Spanish average – an increase of 4.9% during the same period. The noticeable rise in demand is already having a slight impact on prices. According to the internationally known real estate evaluator, T...

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...

2Sep By Ulrike EschenbecherNo Comments

Franchise, Mallorca, Porta Mallorquina

A profile of Alejandra Fernandez Miro, our franchise partner in the Northwest

Born in Argentina from a Spanish family, also involved in the real estate business, returned to live to Spain about fifteen years ago. Having grown up professionally mostly in the travel sector, working for airlines such as American Airlines, British Airways and assuming different management positions in handling airport services in Spain, she was always fond of meeting different cultures and discovering places around the world. Alejandra Fernandez Miro, Porta Mallorquina franchise partner in the Northwest. Having this experience and perspective, she loved Majorca since the very first day. Married to Herbert, a German flight captain who also shares the passion for the island, they moved to Valldemossa three years ago from Barcelona. Being already both very familiar with the island, due t...

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...

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 ...

13Jun By Porta MallorquinaNo Comments

Golf, Mallorca

Poniente Golf course overlooking the Tramuntana Mountains

The Poniente Golf course could actually be a dream location par excellence. Hardly any other golf course can offer such a spectacular scenery. From the upper greens, one has an enchanting view of the Tramuntana Mountains which emerge in the background. Here the pyramidal Galatzó and the bulky, almost square massif of s’Esclop loom about 100 meters into the sky. On the 6.5 km long course with a height difference of almost 110 meters, a variety of trees welcomes us. In the lower realms near the waterfront powerful, old fan palms line the edge of the fairways and in the upper area mainly pine, olive and fig trees grow. The Poniente Golf Course in south west Mallorca is one of the oldest courses on the island. A demanding course The frequent water areas, the many trees and long distances ma...

5May By Porta MallorquinaNo Comments

Mallorca, News, Porta Mallorquina

Energy certificate mandatory for Spanish properties from 01.06.2013

Energy certificate mandatory The European energy label showing efficiency ratings from Green A (low energy requirement) to Dark Red G (high energy consumption) which you will have seen on household appliances, is now going to be mandatory for property owners wishing to sell or let their properties. With royal decree 235/2013 of 5th April, the Spanish government has extended the scope of a provision that previously applied only to new-builds, so that it now covers existing properties as well. The law is enacted with effect from 1st June and applies to all property sales and new lettings from that date. The energy certificate contains an evaluation of the property with regard to its consumption of heat, cooling and electricity. These three areas are evaluated and are allocated efficiency ...