Mallorca

On August 17, Real Estate Business Porta Mallorquina invited to the official opening of their new office in Port d’Andratx. The representativ office premises are impossible to miss due to their top location directly by the entrance of the port.  The generous window displays give view to the stylish interior created in the award winning design of the international Porta Malloruina group.  Eye-catcher in the office is a lounge area with view to the famous hill of Port Andratx. „Demanding clients deserve an appropiate reception. The design concept of the shops of Porta Mondial combining precious materials and  timeless elegant design suits us perfectly well.“ comments proudly host Wolfgang Grell. Together with Robert Rademacher, he is in charge of the sales area Andratx. Despite ho...

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...

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...