Real Estate Archives - Page 2 of 7 - Porta Mallorquina Real Estate

9May By Sonja Meyne1 Comment

Mallorca, Real Estate

Buying property in Majorca – Tips for Buyers

Buying a property in Spain is very different to buying a property anywhere else in Europe. We have compiled the most important points to ensure the legal purchase of a property in Majorca in our guideline “Tips for Property Buyers”. Please note that it is not legal advice, but purely for information purposes. Depending on the individual case, it is recommended that you consult a solicitor in Majorca before buying. Porta Mallorquina Real Estate S.L.U. has been working with reputable solicitors for many years and will be happy to give you suitable recommendations. We at Porta Mallorquina Real Estate will assist you, as a buyer, with any questions you may have. With the assistance of the authorities and solicitors we can, for instance, clarify the following points for our...

Mallorca Real Estate Market Study 2023 – Prices for properties increase by 10.9 %

16Feb By Sonja MeyneNo Comments

Mallorca, Porta Mallorquina, Real Estate

Mallorca Real Estate Market Study 2023 – Prices for properties increase by 10.9 %

Prices for holiday properties on Mallorca have risen across the board for yet another year - in January 2023 the average price per square metre was around 5,700 euros which corresponds to an increase of 10.9 percent compared to the previous year. These are the results of an independent market study conducted by the Steinbeis-Transfer-Institute (STI) Centre for Real Estate Studies (CRES). Luxury properties in Mallorca increase by up to 30 percent Throughout the island average prices rise to around 5,700 euros per square metre Over 10,000 euros per square metre paid for the first time in the luxury segment Rising prices also expected in the coming years More restrictive legislation slows down new construction and could force prices higher End of price increases in Mall...

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...

15Mar By Sonja MeyneNo Comments

Porta Mallorquina, Real Estate

Market study of real estate in Mallorca 2022 – Mallorca real estate is gradually becoming scarce

In the south-west the number of properties offered for sale is down by a third. Despite the increased amount of new constructions offers have reduced by almost 20 per cent Mallorca property prices rise by up to 18 per cent Almost 10,000 euros per square metre in the luxury segment Price level still significantly lower than in Germany Despite the high rate of new construction supply has declined around 18 percent Those who currently want to buy a vacation property in Mallorca, must choose from a much smaller supply compared to last year, decide quickly and pay a higher price. That is the conclusion of an independent market study commissioned by the real estate agency Porta Mallorquina Real Estate. And experts do not see an end to the real estate boom in Mallorca. The le...

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...

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...

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...

3Jun By Ulrike Eschenbecher1 Comment

News, Porta Mallorquina, Real Estate

Smaller pools, less living space – Mallorca introduces new construction regulations for fincas

Spring 2020 – Mallorca's economy suffers massively from the effects of the Corona Pandemic. At the end of May came the desired, positive signal from Madrid – at the latest from the 1st July foreign tourists can enter the country once again. Hoteliers, restaurant and bar-owners can breathe a sigh of relief, at last light at the end of the tunnel. Around 40% of the gross domestic product of the Balearic islands is at stake if the tourists fail to arrive. With at least 20% of the GDP the building industry is the second biggest economic factor, but now this segment is also being severly restricted, not only by the pandemic but also by a new law from the island government which came into force on the 25th May 2020. The 'decreto Ley 9/2020 de medidas urgentes de proteccion del territorio de l...