Another Great Villa for sale in Port Andratx for 1.2 Mio Euros

Another Great Villa for sale in Port Andratx for 1.2 Mio Euros

This lovely, well kept villa is very special through its marvellous sea views and unlimited privacy. Distributed on 3 levels and with access from upstairs you find the separate guest apartment with 1 bedroom, 1 bathroom and a small kitchen. The level below comprises of a living room with fireplace, a kitchen and a cosy dining/ reading area with acc ...

Big Storm in Mallorca

KILLER STORM By Brett Gibbons PALMA de Majorca WINDS of up to 130 kilometres per hour battered parts of the Balearics yesterday as gale force gusts swept across the region injuring four people. Majorca’s Sierra de Tramuntana and the north east of the island was affected by the strongest winds of 130 kph, while Ibiza and Formentera, the interior o ...

Spanish Capital Gains Tax

Spanish Capital Gains Tax Non-residents are liable for payment of Spanish Capital Gains Tax in Mallorca when selling their Spanish Properties. In broad terms, the capital gains to be taxed consist of the difference between the acquisition value and the sale value of the property. The tax rate applicable to the gains is 18% (it has been considerably ...

Property Prices to go up again in 2009

The vice-president second and minister of economy and property, Pedro Solbes, have considered that the process of adjustment of the prices of the houses in Spain can complete this year 2009. The European Union thinks that it will take more and Solbes thinks that this is the main reason for the differences of economic forecasts given by the Spanish ...

Mallorca leading the ranking of the most expensive properties in Spain

Mallorca is placed again in head. By 11nth time, Balearics appears leading in the list of most expensive property; this time, this time for the most expensive houses of Spain. According to the ranking of the real estate portal idealista.com, the four most expensive properties of the national territory are in Majorca. Idealista.com grants the fat pr ...

Majorca 2009 news

Majorca fighting back to beat gloom as traders ‘optimistic’ for 2009 prospects By Brett Gibbons PALMA FORECASTS of impending doom and gloom sentencing Majorca to a disastrous 2009 may be a little premature. Several local businesses this week have optimistically hinted that the forthcoming year may not be as tragic as originally thought and some ...
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