News Archives - Porta Mallorquina Real Estate

How can I finance my property in Mallorca?

1Oct By Porta MallorquinaNo Comments

News, Real Estate

How can I finance my property in Mallorca?

There is no doubt about it: Mallorca is more in demand than ever, especially for a second home. Above all, an island property is a worthwhile investment that continues to increase in value every year with unabatedly good forecasts. The question is, what is the best way to finance my property in Mallorca? Real estate financing: what options do you have? If you are buying a property in Mallorca, you have various and interesting options for financing as a non-resident. Even if you can raise the money for a property purchase directly, it is advisable to consider financing for several reasons: Tax deductions, liquidity protection, and diversification of your investments. It is possible to finance your property in Mallorca through a bank in Spain or private banks in other countrie...

17Aug By Porta MallorquinaNo Comments

News, Real Estate, Taxes

Whether to inherit a property in Mallorca or to give it as a gift? A question of cost …

Transferring your holiday property wisely can save a lot of money, as in extreme cases the tax levied on inheritances or gifts in Spain can be more than 70 per cent. It can, however, also be done much more cheaply and to that end, we would like to provide an overview and explain where traps lurk and where the opportunities for non-residents can be found. Anyone who owns a property in Mallorca must sooner or later ask themselves the question - what will happen to my holiday property when I am no longer alive? Is giving it as a gift during my lifetime the right step or would a normal inheritance be a better way? When transferring real estate in Spain a number of legal regulations have to be considered, and it makes sense to deal with these issues well before the transfer takes place. It c...

26Apr By Porta MallorquinaNo Comments

Mallorca, News, Porta Mallorquina

Mallorca with a promising start to the 2022 season

The desire to go on holiday after two years of pandemic is huge all over Europe and so with spring temperatures of 20 degrees, hundreds of thousands of holiday-makers from all over Europe are spending their Easter holidays in Mallorca. The Corona rules are currently being relaxed and the requirement to wear a mask was removed on April 19th, so that the most popular holiday island in Europe is starting into a promising 2022 season. Hotels and holiday-home owners can look forward to record bookings. Traditionally the tourist season in Mallorca begins with Easter week, one of the highlights for years having been the Easter procession at the Calvary mountain in Pollensa, popular not only amongst religiously-minded people. This year once again large numbers of spectators gathered along t...

23Aug By Ulrike EschenbecherNo Comments

News, Porta Mallorquina, Real Estate

Porta Mallorquina sales volume increased significantly in 2021

With the lifting of the travel restrictions, the breakthrough finally came. In May 2021, Porta Mallorquina registered a record number of over 700 enquiries per month, and the level in June was also significantly higher than the usual average. This high demand is also reflected in the positive sales figures. As of 30.06.2021, the subsidiary company of the listed Homes & Holiday AG reported a sales volume of 81.6 million euros including existing option contracts, and so already exceeds the total volume of 2020 after only six months, an amount of 65.2 million euros. A sales turnover of 44.3 million euros was notarized in the first half of the year. The commission volume also increased significantly to 1.781 million euros as at 30th June. If the option contracts are also incl...

29Apr By Porta MallorquinaNo Comments

Mallorca, News, Porta Mallorquina, Real Estate

Around 30 percent price increase for Mallorca properties in five years

Porta Mallorquina Real Estate presents a new market study Market Study Holiday Property Market Mallorca Results 2021 Since 2015, the Steinbeis Transfer Institute (STI) Centre for Real Estate Studies (CRES) has been conducting regular market studies on the holiday property markets in Mallorca, Ibiza and Menorca on behalf of Porta Mallorquina Real Estate. The focus of this study, which is being carried out for the seventh time, is on holiday properties for sale in Mallorca. This market study aims to provide an up-to-date overview and can be used during a long-term comparison to check the value of your investments. Apart from the "emotional return" when finding the right property, rational considerations of the "monetary return" are becoming increasingly important in these times of low...

1Apr By Porta MallorquinaNo Comments

Mallorca, News, Porta Mallorquina

All eyes are on Mallorca once again

Having been in the media spotlight almost a year ago when the season restarted, once again all hope has been placed in the Germans. Stefanie Claudia Müller Tom Mardorf is leaving the island. Even though Mallorca still seems empty compared to the record summer of 2019, he believes that he desperately needs a change of scenery: "I need to have a rest." The 58-year-old has spent the past few months setting up a food bank together with the evangelical church in Santa Ponsa, distributing tinned food, vegetables, fruit and hygiene items to dozens of families every day. "Many of the people have never asked for help with food in their lives, and I was shocked by the sudden poverty of many people when I returned to the island last September after a long absence," says the German entrepreneu...

18Mar By Ulrike EschenbecherNo Comments

Mallorca, News, Porta Mallorquina, Real Estate

Porta Mallorquina increases turnover

Real estate business flourishes despite pandemic Concrete gold remains a popular currency even in times of crisis. Represented all over the island, Porta Mallorquina Real Estate reports an 11 percent increase in sales volume during the last financial year, while the commission made on property sales rose by 8 percent overall. The average sales price for houses was around 980,000 euros and for apartments 362,000 euros. The most expensive property sold was a villa in Andratx, which changed hands for 6.8 million. Just under 70 percent of the buyers were from Germany, Austria, and Switzerland. The proportion of British buyers continued to decline in 2020, while the Nordic countries remained constant compared to previous years. Online viewings popular Timo Weibel, director of Porta Ma...

3Mar By Ulrike EschenbecherNo Comments

Franchise, Mallorca, News, Porta Mallorquina, Real Estate

Porta Mallorquina opens new real estate shop in Santa Ponsa

Despite the current lockdown, Porta Mallorquina continues to expand its presence on the island. Its new real estate shop is located in Carrer de Son Thomas 2, Calvià, in the well-known Son Bugadelles business park which is situated between Portals Nous and Santa Ponsa. A special feature of the location is that the real estate agency is located in the same building as the Illes fitness studio. "The Illes fitness studio is very popular with residents, and the excellent transport connections and convenient parking in front of the door make this location ideal for us", says Porta Mallorquina franchise partner Mirjana Antic when describing the advantages of the new location. The new shop replaces the previous office in Portals Nous, which was closed in May 2020 due to ongoing probl...

25Feb By Porta MallorquinaNo Comments

Mallorca, News, Taxes

Mallorca as a home-office paradise

... but look out for the tax implications. If your main and/or fiscal domicile is in Spain, all your assets must be declared for taxation there. Stefanie Claudia Müller Many consider it cynical that executives enjoy the sun in times of pandemic, while their own employees in Berlin, London or Paris fear for their jobs every day and nurses, sales staff and teachers are in danger every day from infection through direct contact. The Balearic Islands, however, were a popular location for digital nomads even before the Coronavirus. These are the people whose companies travel with them or who, being programmers, journalists or mathematicians, can work almost anywhere. Sabine Christiansen is probably one of the few Germans who openly admitted in an interview in the summer of 2020 that she...

2Nov By Porta MallorquinaNo Comments

Holiday Rental, News, Real Estate

Doubly punished: In these pandemic times criminals may have even more success

Using a holiday rental apartment as a home office is currently very popular but it is, however, advisable, never to rent a holiday home privately if you do not know the alleged owners. by Stefanie Claudia Müller Fourty year-old Pablo Cerda has experienced many criminal activities during his profession as an actor and filmmaker and has read about many unpleasant tricks, but has himself become the victim of a confidence trick in the normally safe Spanish capital of Madrid. Just as there are fake profiles appearing in dating portals when criminals exploit people's loneliness, there are also gangs who use false advertisements to entice globetrotters like Cerda who do not have the time to view apartments themselves directly, but can afford to pay a deposit. He lives and works in Santiago...