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Summer has now arrived in Mallorca and despite all the doom and gloom, property sales to foreign buyers are picking up. Reportedly 20% up on 2011 according to Hacienda (the Spanish tax office). |
TRAVEL NEWS | |
Ryanair have increased the number of flights to Mallorca and are in the process of establishing Palma airport as a secondary hub. Flights to and from most European cities and a good network with Spanish cities are bringing more and more visitors to the island.
A word of warning - if flying with Ryanair and you are NOT a Spanish national, make sure you take your passport even for internal flights in Spain. No other document will be accepted as identification even if it has your photo !
Click here to see their routes:
http://www.ryanair.com/en/cheap-flight-destinations |
NEW TAX BENEFITS FOR BUYERS IN 2012 | |
The Spanish Government has introduced an important incentive for buying urban property (houses, apartments, parkings, shops, plots of land etc). This applies to resident and non-resident buyers in 2012 as from 12th May 2012 until 31st December 2012.
Buyers will only pay 50% of the Capital Gains Tax (currently 21%) when the property is resold.
A simplified example :
Purchase price : € 1,000,000
Re-sale price: € 1,500,000
CGT was 21% of the profit - € 500,000 = €105,000
CGT will be 10.5% of the profit - € 500,000 = €52,500
A saving of € 52,500
There are other deductions which can be set against the CGT such as Estate Agents fees, legal fees, expenditure on improvements such as new bathrooms, kitchens etc. (provided you have the IVA paid bills!).
As always, I am NOT a Tax specialist so if you require further information please contact me and I will put you in touch with a specialist!
The following news courtesy of http://www.seemallorca.com/events/news.html |
SURF MACHINES OPENS IN MALLORCA | |
Surf machine opens in Majorca this summer Europe's first barrel surf machine breaks on Calvia this June
The Calvia Beach Resort, Mallorca will be the first place in Europe to have a Flow Barrel wave machine as of this summer. With a Double Flow Rider also in the park it is going to make the previously surf-less Magaluf beach in Majorca one of easiest places to catch waves in the Med.
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NIKKI BEACH MALLORCA OPENS THIS JUNE | |
The first Nikki Beach at Calvia Beach Resort
A brand new Nikki Beach in Mallorca will kick off this summer with an opening party on the 15th June. The international beach club brand who have been bringing hip, sexy beach this summer in Mallorca at the Calvia Beach Resort |
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Mallorca hopes to gain from strong pound
With Europe undergoing an economic crisis of confidence, the British pound has surged in value over the past few months against the Euro. Sitting at just under €1.25, the pound is at it's strongest since 2008. The Mallorcan government hopes that the Brits will take advantage of this rate and will increase both hotel and holiday bookings, and also help kickstart the real estate sector. |
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Thousands protest to save unspoilt beach in Mallorca. Plans to build a hotel on sa Rapita prove unpopular
Thousands of people descended on Sa Rapita recently to protest against plans to build a new luxury hotel and nine hole golf course. The proposed development would lie just 150 metres behind this natural and unspoilt beach on the south coast of Mallorca. |
PROPERTIES FOR SALE | |
FOR MORE INFORMATION CLICK ON THE PICTURE
12021
12009
12011
12014
12017
12020
12032
12033 |
RENTAL PROPERTIES | |
We now have a selection of excellent villas and apartments available for rental. We are currently adding these to our website but meanwhile please contact me for more information. |
PROPERTIES MANAGEMENT | |
We are now able to offer a new service to owners and have available all the necessary services - plumbers, electricians, builders, carpenters, painters etc.
We can also carry out total refurbishments and furnishing on request. We have dedicated staff for this task and each will be co-ordinated by your designated member of our staff. You will also receive the benefit of discounts obtained on your behalf and our fee will be clearly stated ( and reasonable!) |
INSURANCE OF YOUR PROPERTY | |
We have arranged a very competitive insurance package with Zurich Insurance for our clients - call us for a quote. |
ON A LIGHTER NOTE ! | |
A man bought a new Mercedes to celebrate his wife leaving him and was out on the motorway for a nice evening drive.
The top was down, the breeze was blowing through what was left of his hair and he decided to open her up. As the needle jumped up to 80 mph, he suddenly saw flashing red and blue lights behind him.
The police officer came up to him, took his license without a word and examined it and the car.
"It's been a long hard day, this is the end of my shift and it's Friday the 13th. I don't feel like more paperwork, I don't need the frustration or the overtime, so if you can give me a really good excuse for your driving that I haven't heard before, you can go."
The guy thinks about it for a second and says, "Last week my nagging wife ran off with a cop. I was afraid you were trying to give her back!"
"Have a nice weekend," said the officer.
FLAT TIRE
Four high school boys afflicted with spring fever skipped morning classes. After lunch they reported to the teacher that they had a flat tire. Much to their relief she smiled and said: "Well, you missed a test today so take seats apart from one another and take out a piece of paper." Still smiling, she waited for them to sit down.
Then she said: "First Question: Which tire was flat?" |
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