Real Estate Archives - Page 5 of 7 - Porta Mallorquina Real Estate

31Mar By Porta MallorquinaNo Comments

Mallorca, Real Estate

Infographic Mallorca Property – Best Place to live in the world

Palma de Mallorca has just been honoured by the Sunday Times with the title of “Best Place to live in the world”, topping a competition of 50 other cities. The travel editors of the Times explained their choice that Palma was one of the “most picturesque cities in Spain”. It is a “pocket sized city that has everything.” Palma is described as a gateway to the beautiful Mallorca with its beautiful beaches, with the journalists raving about the attractive flight connections to the island and praising the local gastronomy. Interesting facts and figures about our favourite island are summarised in this infographic. Did you know for example, that there are ten international schools in Mallorca? An important factor for new residents with school-age children ...

3Mar By Porta MallorquinaNo Comments

Real Estate

Increase in sales figures of holiday properties in Majorca in 2014

2014 has been a positive year for the entire real estate market in Majorca. As announced by the Spanish Statistical Office, INE, real estate sales rose throughout the Balearic Islands by 18.5% compared with the previous year. Majorca and its neighbouring islands thus stand significantly apart from market developments in the rest of the country; in Spain as a whole real estate sales rose by 2.2% – the first gain in four years. In 2014 the sales figures of Balearic islands rose up to 18,5%. Spanish notaries registered 9,281 property sales in 2014 – 1,450 more than in 2013. It may be assumed that the proportion of foreigners buying property remains high: as early as Q1 2014 the Spanish Chamber of Notaries reported that around one-third of properties sold were bought by foreign non-...

26Jan By Porta MallorquinaNo Comments

Real Estate

Sales of holiday real estate in Majorca rise in 2014

2014 has been a positive year for the entire real estate market in Majorca. As announced by the Spanish Statistical Office, INE, real estate sales rose throughout the Balearic Islands by 18.5% compared with the previous year. Majorca and its neighbouring islands thus stand significantly apart from market developments in the rest of the country; in Spain as a whole real estate sales rose by 2.2% – the first gain in four years. 9,281 properties were sold in Majorca and its neighbouring islands in 2014, a year-on-year increase of 18.5%. Spanish notaries registered 9,281 property sales in 2014 – 1,450 more than in 2013. It may be assumed that the proportion of foreigners buying property remains high: as early as Q1 2014 the Spanish Chamber of Notaries reported that around one-third of...

26Nov By Ulrike EschenbecherNo Comments

Real Estate

Balearic sales rise in September by 15.4%

The real estate markets in Mallorca, Menorca and Ibiza are still on the rise. The Instituto Nacional de Estadística, INE, has reported 706 properties sold in September this year in the Balearic Islands, an increase of 15.4% on 2013. The demand from abroad for well-located holiday homes in Mallorca remains strong in 2014. Looking at the first nine months cumulatively, the sale rate of real estate in 2014 increased by 17.3% compared to the previous year. Source: INE, November 2014 After a slight decline in sales earlier this year, sales almost doubled in March and in the following months the previous year’s figures were each significantly exceeded. The demand from abroad for well-located holiday homes in Mallorca and its sister islands remains strong. According to the Spanish Ch...

27Aug By Porta MallorquinaNo Comments

Mallorca, News, Real Estate

Majorcan real estate as an investment – why now is the time to buy at good value

“The property market in the UK threatens the overall economy,” and similar developments are determined by the British property market. The government has helped to heat up the demand for real estate vigorously. Buyers can obtain loans at favourable conditions and with virtually no equity. 5% of the purchase price is all that is needed to apply for a house purchase, thanks to government support for the buyer. As a consequence, the prices of real estate are rising rapidly. Consequence: Rapid rise in prices Since 2000, housing prices have risen in Britain by 109%. The average price of a house has risen to a new high of the equivalent of about 230,000 euros. Since the spring of 2013, the prices recorded have increased massively in the UK, especially in London where the property ...

3Jun By Ulrike EschenbecherNo Comments

Real Estate

First book a holiday here – then buy. Try out these homes in Majorca for yourself!

Having your own vacation home in Majorca also makes for an interesting capital investment. Homeowners do not have to worry about negative interest, inflation rates or money-market fluctuations. But which property will offer attractive returns? If you are toying with the idea of using your vacation home not just for yourself, but also offering it as a vacation rental, your calculations will be more reliable if the property has already been rented to vacationers in the past. We have compiled a list of interesting houses, fincas and villas in Majorca that you can not only rent for your next vacation in Majorca, but can also buy. That way, you can try living in “your” finca beforehand and gather reliable information about potential income from vacation rentals. 1. Exclusive holiday ...

5May By Porta MallorquinaNo Comments

Mallorca, Real Estate

FAQs about Mallorca’s new Land act

When does the new Act come into effect? It was ratified by parliament on 11.03.2014 and must be approved with an absolute majority by all of the Island Councils. Menorca and Ibiza have already passed the law. This is due to happen shortly in Mallorca. What does the Act entail? Generally speaking, it is an integral regulation of urban activities and deals with the simplification and rationalisation of construction regulations. All of this has been implemented in concrete form as follows: Faster issuance of building permits (e.g. approval for smaller structures by means of simple, advance registration). Amnesty: legalisation of properties “not in compliance with zoning regulations”. More stringent penalties and greater liability of those involved (builders, technicians, civil servant...

28Feb By Ulrike EschenbecherNo Comments

Mallorca, Porta Mallorquina, Real Estate

Holiday Rentals – 3 Sample calculations of return on investment

To achieve a lucrative return on investment (RoI), the location of the property (whether it is an attractive travel destination all year round, attractive to several target groups such as cyclists, beach tourists, etc.) and the interior design play a crucial role. They determine the maximum daily rate that can be charged, and the property’s rental capacity. In the latter regard, the rental agency involved plays an important part. Experience tells us that during the first year, when the property is new to the market, there are not as many lettings as in subsequent years, because good properties have a high rate of repeat guests. Premium properties can achieve letting capacity of up to 75% p.a. The average gross return is generally in the region of 4 to 6 percent over the long term. ...

28Feb By Porta MallorquinaNo Comments

Mallorca, News, Porta Mallorquina, Real Estate

Off to Majorca for the returns

Since the legalisation of holiday rentals on the Balearics, one’s own holiday home is also an interesting capital investment. Since the last financial crisis, real estate has been one of the most popular capital investments and meanwhile, a 4% return on rentals is considered to be an interesting investment. The German real estate market has responded accordingly, and recent years have seen prices for residential real estate booming, particularly in attractive city locations. Surfing the real estate portals one almost has the impression that Germany has been “bought up completely”. A holiday home as an investment: Majorca is increasingly becoming the focus of European investors looking for real estate that offers high returns and retains its value. The situation i...

4Feb By Porta MallorquinaNo Comments

Mallorca, Porta Mallorquina, Real Estate

10 fincas in Majorca with exceptionally beautiful gardens

Many people achieve their personal dream home with a finca in Majorca. A large piece of land guarantees privacy and gives the owner enough space and scope for creative landscape gardening. The entrance gates often conceal quite heavenly gardens, whose magnificent flowers and charm are simply breathtaking. Imposing palm gardens, almond, orange and lemon trees, fig trees, splendid arbours of bougainvillea – to name just a few – make Majorca into a paradise for amateur gardeners and nature lovers. The 10 most beautiful finca parks and gardens Rural-tourism property in Lloret de Vistalegre: a true oasis in the heart of the island This rural-tourism property stands like an oasis on the edge of Lloret de Vista Alegre, with its 1.000 population, far from mass-tourism, ...