Mallorca Archives - Page 11 of 11 - Porta Mallorquina Real Estate

11Jul By Porta MallorquinaNo Comments

Mallorca, Taxes

Spain raises the VAT as of the 1st of September of 2012

Spain raises the VAT as of the 1st of September of 2012. VAT exceptions in the purchase of property will only be valid until the end of the year. On the 14th of July of 2012 and according to article No. 23 of the official state bulletin, the Spanish government has increased the VAT values as of the 1st of September of 2012 as follows General VAT: increased from 18% to 21% Reduced VAT: increased from 8% to 10%. The especially reduced VAT of 4% for the purchase of newly built properties from promoters (instead of 8%), will remain being valid until the remainder of the year 2012. As of January of 2013, this VAT reduction will no longer be valid and will be applied at a rate of 10%. Are your interested in purchasing a property in Majorca? Well then now is the perfect time...

3Jul By Porta MallorquinaNo Comments

Mallorca, Porta Mallorquina

Advise on real estate financing on Mallorca

A property in a good location in Mallorca is one of the most stable investments in Europe. Even the real estate crisis in Spain, which in 2009 resulted in a dramatic price decline in many holiday destinations, could not harm the jewel of the Mediterranean. In the last three years there was a minimal price decline of a maximum of 5-10%, says Stephan Hoffmann. As the Listing Manager of Porta Mallorquina he administrates currently more than 1,800 properties in Mallorca. The slight decline should be seen as a natural market correction since after the new millennium, the real estate prices were ascending yearly in double digits untill 2008. „The price level has stabilized“, notes Stephan Hoffmann. Especially villas in front sea line and well maintained country homes, fincas, are still...

19Jun By Porta MallorquinaNo Comments

Mallorca, Porta Mallorquina

Further tax benefits when purchasing property in Mallorca

Anyone who purchases a property in Mallorca, Menorca or Ibiza between 12 May and 31 December 2012, pays on a later sale 50% less in capital gains tax. However, this regulation applies only to properties that are classified as "Urbano". The distinction between "Urbano" (properties in urban and community areas) and "rustic", i.e. rural properties such as Fincas, is determined by the respective municipalities and usually depend on the particular plot size. Your Porta Mallorquina broker would be pleased to inform you if your dream property is covered by the new tax regulations. Buying is worthwhile for residents and non-residents The tax reduction applies to residential property, which is purchased by residents, non-residents or businesses. The date of purchase is important, the resale...

20Oct By Porta MallorquinaNo Comments

Mallorca

From Formentor to Puerto de Pollensa

Those who love the untamed beauty of bays and peaceful villa settings will enjoy coming with me on a tour of the Cala San Vicente, north of Pollensa. Naturally, this area is very popular with tourists in high summer but you’ll notice little of this after winding round just a few of the bends along the breathtaking cliffs. The Formentor peninsula Let’s take a trip now to a truly magical part of the island’s north which, because of its perfectly secluded and exquisite location alone, has justifiably enjoyed a reputation as an absolutely top spot with wealthy international travellers for decades. Since the Formentor peninsula can only be reached by land via a single road, it offers not only a unique and romantic panoramic view of the cliffs and beach but also another, very important ...

14Jul By Porta MallorquinaNo Comments

Mallorca

North Majorca round trip – We start in Pollensa

Now and again I still hear from some clients that they are astonished by how beautiful it is here in North Majorca and that they hadn’t known much about the area before. Let’s take a short trip through the different regions with their individual features and advantages on this beautiful part of the island. We are sure that on your next visit to Majorca, you will be calling in to see us and, if you are looking for a dream property in Majorca, it is very likely that you will find the right one here. This is because it is a mere 30 to 45 minutes’ drive – mostly on a smooth motorway – from the airport to the northern part of Majorca, around the picturesque little towns of Pollensa and Alcúdia. We start in Pollensa Pollensa, known by insiders as the island’s “second capital”, exudes a very...

5Jun By Porta MallorquinaNo Comments

Mallorca

Wine fair in Pollensa – tasting fine Majorcan wines

One perennially popular and convivial event, enjoyed by visitors and residents in the north of the island, will be taking place again on the weekend of 7th–8th May. This is the “Fira del Vi” – the wine fair at Santo Domingo Monastery in Pollensa. Popularity of Majorcan wine on the rise This year the organisers are once again expecting several thousand visitors from all over the world who can look forward to the pleasure of sampling numerous Majorcan wines. Accompanied by all kinds of little snacks, with cheese, olives, Iberian ham and many other goodies, visitors will be able to see for themselves why the exceptional quality of Majorcan wines now enjoys an international reputation. More than 30 wine-makers at the Fira del Vi The “Fira del Ví” is being held in Pollensa for the third...

14Mar By Porta MallorquinaNo Comments

Mallorca

Enchanting North Majorca – a real insider secret

North Majorca has always been a real insider secret for those who love the island. Pollensa The area around the truly charming little town of Pollensa is characterised by exceptionally varied and exciting natural landscapes, such as its picturesque, cultural landmark “Mt. Puig de Maria”, the historic Calvary Steps which go up Calvary Hill directly from the town, or the delightfully pretty centre of Alcúdia, once the island’s capital. Playa de Muro In the north, there is a bit of everything that the visitor’s or resident’s heart desires. One of Majorca’s most enchanting beaches, “Playa de Muro”, the best bays for every kind of water sport (Puerto Pollensa Bay, for example, enjoys cult status with kite surfers), extensive mountain and green landscapes for cyclists and walkers, etc. –...

6Oct By Porta MallorquinaNo Comments

Mallorca

Alcúdia today – quality not quantity

The former island capital, Alcúdia, is without doubt one of those towns in Majorca that has built up a unique tourism infrastructure with incredible dynamism over the last 50 years. From the 1960s to 1980s, the hotel industry and politicians banked exclusively on mass tourism. This gave rise, for example, to Europe’s biggest hotel complex, the “Bellevue” which has over 10,000 beds. Shift to sustainable tourism in Alcúdia At the beginning of the 1990s the hotel industry and politicians had a change of heart, and the emphasis shifted to quality. Today’s sustainable tourism may be seen as the result of this quality offensive. Almost every hotel now has a wellness and spa area, and has been upgraded to meet the latest technical standards. Renovated old country estates as rural hot...