Real Estate Archives - Page 6 of 7 - Porta Mallorquina Real Estate

5Dec By Porta MallorquinaNo Comments

Franchise, Mallorca, Porta Mallorquina, Real Estate

A Portrait – Ria Blum, franchise partner Palma

Ria Blum franchise partner Porta Mallorquina, Palma Born in the Oberlausitz, in Löbau, Ria Blum was drawn to distant places already early on. In 2003 she moved with her family to the Dominican Republic where she worked for the American estate agent chain Coldwell Banker. Although she really enjoyed living there, the trained industrial management assistant realised after a while that she would not live there in the long term. A friend told her how nice Mallorca was– Ria wasn’t familiar with the island but spontaneously booked a flight and immediately fell in love with the charming Mediterranean island. In 2008 it became clear for her: “I’ll always stay here”, and she moved from the Caribbean to the Mediterranean. After an intensive year spent learning about the island and its people with ...

5Nov By Porta MallorquinaNo Comments

Mallorca, News, Real Estate

Black becomes white – Balearics retroactively license illegal residential buildings

The project for the reformation of the law on the use of land, the “Ley de ordenación y el uso del suelo (LOUS)” concerns itself with the legalisation of illegally erected residential buildings on land designated as agricultural. The Balearic government has now officially approved this project. Illegally erected residential buildings on agricultural land may now be retroactively licensed under certain conditions. Residential buildings and facilities used for agricultural purposes that were built without a licence more than 8 years ago may now be retroactively licensed. The prerequisite for this is that the land is not in an area designated as a nature reserve, and that no criminal charges or disciplinary proceedings exist. Experts assume that, in the Balearics, there are around 40,000 b...

4Nov By Porta MallorquinaNo Comments

News, Real Estate

Changes to Spain’s Residential Property Ownership Act

Spain’s Residential Property Ownership Act applies to all freehold apartments, business premises, garages, terrace houses and residential complexes that have commonly owned property (e.g. green areas, stairways, etc.). The Act, which dates back to the 1960s, has now been updated with Reform Act 8/2013, particularly with regard to social and energy efficiency-related requirements. This now makes it far easier to obtain licences for the retrofitting of lifts and barrier-free access for people with disabilities and residents aged over 70. The Spanish Residential Property Ownership Act applies not only to freehold apartments but also to terrace houses such as the one in Coll den Rabassa, shown above. Owner associations’ ability to act has also been improved. For example, unanimous decisions ...

4Oct By Porta MallorquinaNo Comments

Mallorca, Porta Mallorquina, Real Estate

Spanish residency law for foreign property buyers takes effect

The legislation, popularly known as the “Golden Visa Act”, gives foreign investors the right to free movement and residence within the EU On 30th September 2013 the Spanish legal gazette – the Boletin Official del Estado (BOE) – announced the eagerly anticipated new Act for foreign investors. As of now, non-EU citizens who make a minimum investment of € 500,000 in Spain, for example in real estate, may apply for a so-called investor visa that is valid for one year. During this period, the investor is not required to meet any minimum stay requirements in Spain – he can retain his main residence, and thus also his tax domicile, in his home country. A house beside the sea as a ticket to the EU: with immediate effect, foreign investors who purchase a Spanish property with a value of € 500,00...

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...

22Aug By Porta MallorquinaNo Comments

Franchise, News, Porta Mallorquina, Real Estate

Now 8 Porta Mallorquina offices in Majorca

On 16th August the real estate provider opened its new estate agency in Pollensa. Porta Mallorquina opened its eighth office on 16th August in Pollensa. Around 100 guests came to Via Pollentia 41 in Pollensa last Friday to attend the opening of the real estate company’s new estate agency. While enjoying the foot-tapping live music and regional specialities, the guests – and particularly many local property owners – took the opportunity to have a chat and inform themselves about the current situation in the real estate market. Sebastian Boelger (r.) weclomes Porta Mallorquina colleague Beatus Zimmermann, franchise partner for long-term lets in Majorca. Porta Mallorquina CEOs Joachim Semrau and Manfred Biedermann congratulated Regional Director Sebastian Boelger and his team on the succe...

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...

31Jul By Ulrike EschenbecherNo Comments

Franchise, Porta Mallorquina, Real Estate

A profile of John van Eenennaam, our Franchise Partner in Santa Ponsa, Mallorca Southwest II

John van Eenennaam, born in Vlissingen, Netherlands, has been living in Majorca’s capital, Palma, since 1991. Before moving into real estate, he was involved in the import and export of leather goods and footwear. Since 2005 he has been working as an estate agent in southwest Majorca. In 2012 he acquired the Southwest II franchise licence from Porta Mallorquina and, in June last year, he opened an estate agency on Boulevard Santa Ponsa. Together with his team (Ursula Gassner, Dieter Linder, Natalie de la Piedra and Corinna Schmid) he is responsible for the areas of Portals and Santa Ponsa. The dedicated long-distance runner has already completed several half-marathons and is currently preparing for his first full marathon. John van Eenennaam, Porta Mallorquina Franchise Partner in Santa P...

18Jul By Porta Mallorquina1 Comment

News, Real Estate

Attention, all somewhat different: A new rent act has entered into force in Spain

More flexibility, more control, and new rights: How the Spanish government wants to boost the crippling tenancy market and what implications this will have. By Daniel Olabarría On 6th June of this year the Law 4/2013 of 4th June on the Spanish Tenancy Market came into force. The reason for the revised version of the former Spanish Tenancy Law is explained in the preamble: “The Spanish real estate market is characterised by a high number of real estate and a weak tenancy market. In Spain, only 17 per cent of the population live in rented accommodation, as opposed to the European average of 30 per cent,” it says. The measures adopted are mainly targeted at private owners of vacant dwellings that are to be encouraged to enter long term rental agreeme...

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 ...