Mallorca Archives - Page 8 of 11 - Porta Mallorquina Real Estate

27Aug By Porta MallorquinaNo Comments

Mallorca

Street Art in Palma

A city tour with a difference Palma’s old town has two faces. At first glance, we are enchanted by the medieval city palaces, the magnificent patios, and the elegant Art Nouveau façades. But today we didn’t meet on the Plaza Mayor to follow the tide of tourists. Instead, we allow ourselves to be led through the narrower, darker laneways to the Sa Gerreria quarter. This is where the city reveals its second face which exudes an unexpected, morbid charm. Street art on a garage door in Palma’s Calle Can Pueyo Palma’s second face Even close to the Mercè Church, there are countless empty houses waiting for investors willing to renovate. Until they arrive, the dilapidated façades serve as canvases for urban artists such as Manrique Daniel Durán. The Argentinian’s studio is i...

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 ...

6May By Porta Mallorquina4 Comments

Mallorca, Taxes

Holiday lets in Majorca – here’s how to let legally to holidaymakers

Since the reform of the tourism regulations, everyone is talking about holiday letting in Majorca. No wonder given that such lettings offer owners attractive additional income during the times when they are not using the property themselves. But what about holiday apartments? Can they be legally let too? And does the owner become a tour operator if he offers his finca to let on the Internet? On 26th April Porta Mallorquina invited guests to a Brunch with speakers talking on the subject of holiday letting. These and other urgent questions were answered on 26th April by solicitors Guillermo Dezcallar Enseñat and Javier Blas Guasp from the legal firm ILLESLEX at our info event and brunch at our estate agency in Pollensa. Señor Dezcallar Enseñat, why is there so much confusion at the moment...

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...

9Apr By Ulrike EschenbecherNo Comments

Mallorca, Porta Mallorquina

Porta Mallorquina supports the Lions Club Majorca’s “Comida para todos” social project

As a successful real estate business, we believe we also have a corporate responsibility to society, and therefore donate part of our advertising budget to various aid projects. In the past we have supported the “Mundo de Niños” association that looks after street children in Peru, as well as ASPAYM Illes Balears, an organisation that assists people with disabilities. Porta Mallorquina supports the Lions Club Majorca In 2014 we are pledging our support to a very special project, founded by the Lions Club Majorca: the “Comida para todos” campaign. For many people, one hot meal every day is not something they can take for granted. And that’s also the case in Majorca – the island that stands for holidays, sunshine, easygoing living and carefree pleasure. This is the shadow side of the suns...

9Apr By Porta MallorquinaNo Comments

Mallorca, Porta Mallorquina

New: Places Mallorca Finca-Holiday Guide – now available

With over ten million visitors annually Mallorca is the most popular island in the world. The many fans of the Mediterranean island appreciate its diverse scenic beauty and its wide range of accommodation options. In a class of their own here are the over 200 Finca Hotels of Mallorca. The lovingly restored and stylishly decorated mansions and country estates pamper their guests with tranquility and rural Mallorcan charm. The second edition of the Finca guide “Places Mallorca Finca-Holiday” provides all the country hotels on the island clearly ordered by region. For each hotel you will find information on the various features and price level. Our editors have personally visited selected country hotels and described them in German and English. As many guests put special emphasis...

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, ...

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 ...