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baxter santa maria  

  
Fabulous designer Finca  in Santa Maria - 6 bedroooms. Price: €1.995.000 for further info contact us.

 Newsletter 34 - APRIL 2012   
In this issue
NOT GOOD NEWS - NEW PROPERTY TAXES
GOOD NEWS 1
GOOD NEWS 2
GOOD NEWS 3
GOOD NEWS 4
GOOD NEWS 5
NEW PROPERTIES FOR SALE
QUOTE
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As we enter the second quarter of 2012 we are definitely seeing signs of increased activity in the property world here in Mallorca, I'm pleased to say. Nevertheless it is still the high end of the market where there is most activity.

 

There used to be a TV show "Rowan and Martin Laugh-in" with Goldie Hawn among others and the "signing off " was " And now for the news without whom the news wouldn't be the news - heeeere's Goldie !" - see

 

http://www.youtube.com/watch?v=4b7BGBa6MTI 

 

So here is the NEWS  

  NOT GOOD NEWS - NEW PROPERTY TAXES

One dampener on our spirits is the introduction of new rates of ITP (Impuestos Transferencias Patrimoniales) or the equivalent of UK Stamp Duty. The Balearic Government will increase the rate of this tax according to the value of the property. Until now 7% was the going rate but from 1st May it will be increased to 7, 8,9, and 10%  as below:

 

Transaction value

0 - 300 000 € = 7%

300 000 - 500 000 € = 8%

500 000 - 700 000 € = 9%

700 000 € and above = 10%

 

The calculation is somewhat complex but broadly speaking follows the above. Therefore all properties at say € 2 million will now carry a penalty of an extra around € 40 000 + extra cost to the buyer.

 

My guess is that other provinces in Spain will soon adopt similar measures.

 

So enough of BAD NEWS! We all read it everywhere every day anyway

 

GOOD NEWS 1     TOURISM IN MALLORCA

The tourism market in Mallorca is doing well with bookings up and most hotels with high levels of reservations from Easter onwards.

GOOD NEWS 2   MALLORCA CLASSIC CAR RALLY

 

 

 

This year's Mallorca Classic Car Rally was a great success based for the first time in Puerto Portals.An array of some 82 elderly cars including one Mercedes 300SL Gullwing, my Mum's old Ford Anglia, and a host of Porsches and others. See

 http://www.rallyislamallorca.com/videos.aspx?idi=ing

 

 

 rally

 

 

 

GOOD NEWS 3       HOUSES ARE SELLING !!

                 

Houses with sensible prices are selling albeit with some discount and there has been an improvement in the sales of new apartments from some of the major developers such as Marina Plaza, Las Milanas, and Espacio group.

GOOD NEWS 4   TRANSFER TAX ON NEW  PROPERTY

New developments only have a transfer tax of 4% as against the 7, 8, 9, and 10% on re-sales.

GOOD NEWS 5  MJC ASSOCIATES LONDON PRESS EVENT

  

LAS MILANASESPACIO PTO CRISTO

 Las Milanas                  Espacio                Marina Plaza

 Pto Andratx                 Pto Cristo           Palma - Portixol

 

ibercon 

IBERCON :- New villas near Santa Maria
 

In association with Savills MJC Associates held a Press Briefing at El Pirata restaurant in London. Attended by several prominent journalists and four Mallorcan developers we extolled the virtues of Mallorca and made the point strongly that Mallorca is very different from mainland Spain and that all four of these developers are starting new projects evidencing their confidence in Mallorca.

 

 

 

 all

From Left to right:

Raquel Zapal - Las Milanas

Nuria Puig - Marina Plaza

The MJC Team - MJC Associates

Joan Santandreu- Espacio

Adam Lewczynski - Pentagon Estates

 

                                                                                    
savills good

Savills International - Charles Weston Baker and Joanna Leverett.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NEW PROPERTIES FOR SALE

  
FOR MORE INFORMATION CLICK ON THE PICTURE

Pearce   
12008 - Santa Ponsa
Billington 
06086- Santa Ponsa
Gunn 
08046 - Campanet     
 Montag
09053- Son vida
Benet 
10006- Son Vida
Shaw 
10046- Esporles
capllonc 
10063- Son vida
Fideler  
10064-Pollensa
  
10066- Pollensa
  
10068- Son vida
cielo bonaire 
11070- Alcudia
 
11075 - Santa Maria

  

 

 

 

QUOTE

And now some light relief

 

 

"Interviewer: What would happen if Margaret Thatcher was run over by a bus?

 Lord Carrington: It wouldn't dare.

 

The politics of travel

"It's great to be back on terra cotta."
John Prescott

 

"I wouldn't mind dying for France, but not for Air France."
Charles de Gaulle, following a bumpy flight

 

Joys of youth 

"I much prefer travelling in non-British ships. There's none of that nonsense about women and children first."

Somerset Maugham

 

"Airline hostesses show you how to use a seatbelt in case you haven't been in a car since 1965."

Jerry Seinfeld


Twitter

"First Iceland goes bankrupt. After then it sets itself on fire. This has insurance scam written all over it."

 


 
   

Of course, there are plenty more properties to see on www.mjcassociates.net.
 

EASTER GREETINGS FROM ALL OF US AT MJC ASSOCIATES

 

Michael and the Team at MJC
 
TEAM MJC

MJC Associates
Tel: +34 971 57 99 57