News Archives - Page 3 of 6 - Porta Mallorquina Real Estate

22Feb By Ulrike EschenbecherNo Comments

Market study real estate Mallorca 2019 – prices still rise

The STI Centre for Real Estate Studies (CRES) investigated the holiday real estate market in Mallorca for the fifth time in a row. The only independent market study for Mallorcan real estate was once again commissioned by the real estate agency Porta Mallorquina Real Estate. In total, around 4,900 online advertisements from the island's top five brokers were analysed with regard to location, pricing and amenities. Mallorca 2022 According to calculations by academics at CRES, the price increases of recent years are indicative of a longer-term trend. They assume that real estate prices will continue to rise over the next three years: "If the market environment remains positive, growth rates can range about 6% per year by 2022." is how the study's leader Prof. Marco Wölfle summaris...

21Feb By Sonja MeyneNo Comments

Mallorca, News

As much as 50% subsidyfor solar systems in Mallorca

Around 300 days of sunshine per year are not only good for the soul, but are also an interesting alternative energy source. The Balearic Ministry for the Environment has issued a new support programme for solar and photovoltaic systems. Amongst other things the programme specifically targets private individuals who install systems with a capacity of up to 3 kWp, if their generated electricity is fed into the public grid. In this way their investment can be subsidised by up to 50% with public funds. Applications should be submitted to the Ministry for the Environment of the Balearic Islands by the 29.03.2019.

14Dec By Porta MallorquinaNo Comments

Art, News

The mermaid amongst Mallorca’s artists

For discoverers of art: A visit to the studio of the artist Vivian Borsani in Santa Catalina ''Always be yourself until you are a mermaid, then always be a mermaid'', a quote by the author Penelope Pewter translated from the English perfectly suits the artist Vivian Birsani. The Mallorca resident has lived in many countries, something which is typical for creative people who settle on the island. Her art reflects beauty, vitality, and a myriad of colours found on the Mediterranean just as in the tropics. Whether fish, flowers or blossoms – nature and the sea play a leading role in Vivian's powerful, wild, almost unrestrained brush strokes. After all, this positive person was born in Brasil where she spent the first six years of her life before her family moved to Hamburg. Her arti...

10Dec By Porta MallorquinaNo Comments

Holiday Rental, News

Property market Spain – Foreigners share continues to rise

According to a report by the Spanish Notary Association the number of real estate purchases by foreigners who do not have their primary place of residence in Spain has risen in the first half of 2018. Across the whole of Spain up until the 30thJune around every fifth property on the market was purchased by a foreigner, representing an increase of 5.6% compared to the same period in the previous year. The strongest buyer group nationwide among the non-Spanish is the British and in the provinces of Murcia, La Rioja, Andalusia and the region of Valencia they occupy first place. Along the French border and on the Bay of Biscay the French are the strongest foreign buyers of Spanish real estate. On the Balearics, in particular in Mallorca, German buyers dominate with a share of 46% of the m...

12Nov By Porta MallorquinaNo Comments

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...

8Oct By Porta MallorquinaNo Comments

Holiday Rental, News

Homes & Holiday AG is acquiring the holiday rental company Top Villas Mallorca – Porta Holiday increases its portfolio fivefold

Homes & Holiday AG, the specialist for holiday real estate in Spain and Germany, is acquiring Top Villas Mallorca S.L., which specialises in finca and holiday home rentals on Mallorca. Together with the subsidiary Porta Holiday, which is also active in this area, the new group will be one of the leading holiday rental companies in Mallorca with a letting portfolio of almost 1,000 properties. Janine Sabrina Klein, founder and managing director of Top Villas Mallorca, will also take over the management of Porta Holiday in the future. Janine Sabrina Klein: “Through our merger with Porta Holiday, we will strengthen the company marketing via our own successful website and increase our independence from booking portals. Our customers will benefit from one of the largest holiday prope...

18Aug By Porta MallorquinaNo Comments

News, Real Estate

Market study holiday real estate Balearic Islands 2018 – Bargains on Menorca, large selection on Mallorca and pure luxury on Ibiza

70% of the properties on offer are in Mallorca, Ibiza consists of 80% luxury offers and Menorca offers low entry prices. Holiday properties in Mallorca, Ibiza and Menorca are very popular with foreign investors. More than one in three buyers does not live in Spain, and property transactions in the Balearic Islands have more than doubled in the last five years. In the first quarter of 2018, the STI Center for Real Estate Studies (CRES) was commissioned by Porta Mondial, a real estate agency specialised in holiday properties, to determine the holiday property market in the Balearic Islands by analysing over 6,500 online property offers from the largest brokers on the islands. The result is a representative image of the current market offer with a neutral price comparison list. Mal...

5Jun By Sonja MeyneNo Comments

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...

8Apr By Sonja MeyneNo Comments

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...

20Oct By Sonja MeyneNo Comments

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...