Mallorca Property Finder

Posted on June 2, 2011 by Admin

Mallorca Property FinderThe Balearics are one of the most popular parts of the Mediterranean, and not just for Spanish people, more and more tourists decide that this would be a great place to spend the summer. The Mallorca property in particular, has the most real estate potential and some of the most expansive real estate markets in the Balearics.

On Mallorca Property finder you’ll get access to the best properties for sale in Mallorca opportunities, the best offers both for renting property in Mallorca and for selling also. Properties in Mallorca are listed on our site so we invite you to check out our offer in case you’re thinking of buying a home on the island or just renting out a house for the summer. Continue reading →

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Brits Should Take Advantage of Pound Increase Before May 1st

Posted on May 14, 2012 by Admin

property-mallorca-taxIt seems that the British pound is registering a favorable period, having achieved a 1.217 Euro threshold. This then is a favorable time for British investors as well, who are looking to the Mallorca property market for new acquisitions.

The overseas property buyers in the United Kingdom are advised by the local Mallorca real estate agents to take advantage of the recent strengthening of the pound and make purchases without delay. Continue reading →

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The Year 2011 for Real Estate in Mallorca

Posted on May 4, 2012 by Admin

It’s been a highly debatable year in Mallorca real estate market, because it’s been discussed over and over in printed and online press, hailed as the year that can make or break the local market for a long period of time. But let’s analyze for a bit what the 2011 year brought to Mallorca real estate players.

First off, it has to be said that overall sales in 2011 did not rival the ones from 2010, so right at first glance, 2011 saw a decrease from the previous year. Maybe it’s because of this that the Spanish government announced late last year that it was giving out incentives to new buyers so that it would revitalize the property market in Mallorca. The measures are in fact a reduction on the VAT applicable on new purchases to only 4%. And this when the average property price has varied somewhere between 900,000 and 1 million euros. Continue reading →

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Luxury Homes, the Best Deal in the Mallorca Property Market

Posted on April 18, 2012 by Admin

Among the best deals in the Mallorca realty market today are luxury homes, despite the fact that all over the country prices for real estate are going down. This is due to the unique nature of the property market here on the island and the fact that it manages to retain its attractiveness to investors and rich homeowners alike.

Going up and down the coast of Mallorca one can easily spot the success of luxury homes on the island, with hundreds of beach homes perched high on the rocky coasts and glinting in the Balearic sun to the pride of their owners. There are so many luxury homes here that there is a local market for them and their demand and value seem to be very little affected by the recession. Continue reading →

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Inflated Prices Drive Property Sales Down in Mallorca

Posted on February 28, 2012 by Admin

Despite constant reports of improving Mallorca properties for sale, it seems the reality in the field is somewhat different as more and more Mallorca real estate agencies report drops in sales which have been constant since 2010.

The Balearic government has released the official figures for real estate sales on the islands and they show that there has been a 17% drop in sales in 2011 from the previous year with just 8,112 transactions being made. In comparison, the previous year there have been 9,784 and in 2007, the year of the property boom in Mallorca, 20,498 sales.

The reasons for such a steep drop are a conjunction of factors which have been affecting the entire country and indeed a greater part of Europe. First and foremost, the most cited reason for this decrease is the economic crisis which has seemed to hit investors and force them to cut their expenses. Continue reading →

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Mallorca Farmhouses Discounted for the Easter Holiday

Posted on February 2, 2012 by Admin

It seems that the holiday planning is already underway for some people, and the ever-welcoming people of the Balearics are already thinking ahead. After a particularly low period due to the off-season and a drop in the property Mallorca, the locals are eager to get back to the center of attention.

News has reached us that there are already discounts being programmed for the Easter holiday, for the lovely and very rustic Mallorca farmhouses. These are known locally as fincas, and although you’d be self-catering, they are still one of the best ways to enjoy the real Mallorca experience. For those who love privacy, this is the perfect alternative, since almost all farmhouses come with their own pool and with a small garden and recreation area.

Most of these farmhouses and property for sale in Mallorca have won international recognition and offer high quality services at what can be described as affordable prices, especially during the Easter holiday, when discounts can get as high as 15%. Continue reading →

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A third of British Tourists Have Named Spain as Their Favorite

Posted on January 25, 2012 by Admin

It’s a well known fact that the Brits have a soft spot for Spain, almost as much as the Germans do which have pretty much colonized some parts of the country. This find is based on reports from local airlines that confirm the popularity Spain in general and Mallorca property in particular has with UK residents.

Property sellers and renters in Mallorca can only rejoice at this news which can only mean that there will be a lucrative market in the next tourist season as well. The report which confirmed Spain’s popularity also adds that Brits consider taking a vacation each year as vital for their health and as many as 1 in 3 considering the Iberian peninsula as their favorite location. Continue reading →

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VAT Tax Reduction for Property in Spain Extended in 2012

Posted on January 19, 2012 by Admin

The economic crisis has hit the Spanish property market pretty hard and up until the recession hit it was one of the best emerging real estate investment ventures. Especially popular were the regions of Marbella, Costa del Sol and Mallorca real estate, the largest of the Balearic Islands.

This is why Spanish authorities set up a decree back in 2011 that was going to boost property sales which had been decreasing progressively. They decreed that the VAT tax will be lowered to 4% of the purchase price, a fact that seemed to fight in some places the decrease in property while in some, like Mallorca, it even coincided with a slight increase, especially in terms of beachfront property. Continue reading →

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Mallorca Tourists Bring Prosperity to the Market

Posted on December 16, 2011 by Admin

As numbers of tourists have been unusually high this year in Mallorca, setting a record even outside the regular season, specialists agree that the property value on the island will surely increase.

As seen in past years, high numbers of tourists brought about higher prices for property in Mallorca for sale and since 2011 was a good year for local tourism, real estate specialists are taking into consideration the fact that prices in the property market might increase too. Continue reading →

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One Fifth of People Arriving in Spain Land in Palma de Mallorca

Posted on November 24, 2011 by Admin

palma-airportThose who are thinking that the real estate market in Mallorca has seen better days, are getting a wakeup call from official transport figures which indicate that as much as 20% of all low-cost passengers arriving in Spain land in Palma de Mallorca.

What does this mean for the properties for sale Mallorca? Well, it means the island is enjoying greater than ever popularity and since the hotel infrastructure can’t handle all this boom in business, rental homeowners on the coast will surely have to benefit from the increase. Continue reading →

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Mallorca Town Calvia Approves Freeze on Property Tax

Posted on November 16, 2011 by Admin

calvia-mallorca-real-estateGood news from Calvi on the southwestern part of Mallorca real estate is coming out these days. It seems that since the Spanish economy is currently under some restraint and the real estate sector has suffered stagnation and recently even a decrease in value and sales, the local authorities are trying to aid the property for sale Mallorca which, for small settlements on the island, is the main source of income.

That’s why the town hall in Calvia has decided to bring the problem up in the plenary after the project was brought to their attention by the governing team led by Mayor Manuel Onieva. The project was to help support the local real estate market develop by taking a series of measurements in order to protect homeowners and potential investors. Continue reading →

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