 |
| Our Company
Balearic Properties is the largest Real Estate Property Network based on the Balearic Islands, professionally selling nice & luxury properties in Mallorca. Join Us in Facebook now to be kept up to date with all the latest property news: www.facebook.com/Balearicproperties
Balearic Properties Real Estate – Via Pollentia 3, Pollença – Phone: +34 971 53 22 21 Mail: pollensa@balearic-properties.com About Balearic Properties Mallorca – Our Offices - Contact Us – Find Mallorca Properties
|
Mallorca Properties - Property News
- A legal description of the property including the dimensions and locations of the property boundaries
- Information about the location and the legal status of the residential estate
- The location of all buildings relative to the property’s boundaries
- The location of adjacent properties
- The location and description of all improvements
- Any encumbrances and charges inscribed in the land register of the property.
Mallorca’s latest property investments of the week
Thursday, November 24th, 2011Buying property in Mallorca has become a great investment in the last years while propertyprices has increased
dramatically in the last years.
Today, Mallorca Properties are a lot more affordable than never before.
Our latest newsletter shows how the property market in Mallorca is offering amazing deals to buy , from luxury frontline villas with access to the beach reduced 60% , to beautiful country homes with sea views where price reductions can reach 35 %
Please take a look at our best properties for sale in Mallorca this week:
|
|||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||
The price of real estate in Mallorca falls 4,3%
Saturday, October 22nd, 2011MADRID October 2011 . Housing prices fell by 5.6% in the third quarter over the same period in 2010, thus continuing the downward trend and that started in late 2008, according to price statistics released today by the Ministry of Development.
Between July and September this year, the average price per square meter of properties in Spain stood at 1729.3 euros, the lowest figure since the first quarter of 2005, when it reached 1685.4 euros.
With respect to the previous quarter, housing prices noted a fall of 1.3%.
With these figures, the average price of private housing is far from the values which reached in the first three months of 2008, when he scored his record.
Specifically, data from the third quarter confirm an underpricing of 17.7% from the peak of 2101.4 euros per square meter that recorded the price of private housing three years ago. After closing 2010 with a fall of 3.5%, housing prices accelerated their decline gradually until it fell 0.36 percentage points higher than the percentage at which it did in the second quarter of this year, when it fell to 5, 24%, the biggest drop since late 2009. However, these cuts are lower than those that occurred precisely in mid-2009 when house prices fall more freely arrived at a moderate 8% and then lowering to around 4% which were maintained average in 2010.
Furthermore, in cumulative terms, in so far this year the price of housing is 5.2% less than that experienced in the same period a year earlier.
By type of property, the price of available new house (up to two years old) stood at 1747.5 euros per square meter, 5.4% less than a year earlier, while the used (more than two years old), was of 1,719 euros per square meter, 5.9% less.
In addition, the protected home prices reached 1158.1 euros per square meter, just like in the third quarter of 2010.
Thus, the overall rate of housing prices, which includes free and protected, fell 5.5% year between July and September.
For communities, the biggest falls were in Aragon and Madrid, with 8.4% less, Murcia (7.9%), La Rioja (5.4%), Navarra (6.7%), Catalonia (6, 5%), Castilla y Leon (6%), Castilla la Mancha (5.8%) and Andalusia (5.6%).
For its part, the smaller decreases were recorded in Valencia (5%), Balearic Islands (4.3%), Canary Islands (3.4%), Galicia (2.8%), Cantabria (1.1%) , Basque Country (0.9%), Asturias (0.7%) and Ceuta and Melilla (0.3%).
Related Articles
Mallorca, still on top of the desired property areas in Spain…
Balearic Properties opens in Puerto Portals a new real estate boutique
Friday, October 14th, 2011
Our new shop at Puerto Portals
Balearic Properties Real Estate will open in October 2011 a new branch in Puerto Portals, the marina for the superyachts and most exclusive boats on the island, offering a wide range of luxury shops and 2 of the best restaurants on the island: Tristan & Flannigan’s
The real estate office will be located at the entrance of Puerto Portals, at Street Benito Feijoo 13, just opposite Barclays bank. The portfolio will comprise a large selection of villas and apartments for sale in the areas of Portals, Bendinat, Costa den Blanes, Cas Catala and will cover the entire southwest region.
The Southwest of Mallorca is the island’s most popular holiday destination, with popular resorts like Port Andratx where you’ll find a host of chic boutiques and luxury yachts at the marina.
Most self-catering villas and apartments in South West Mallorca will be no more than half an hour from the island’s main airport at Palma
View our properties in Mallorca southwest
OTHER LINKS:
Links to Properties in Puerto Portals Mallorca
Luxury Villa for sale in Portals Nous Mallorca
Does a property survey protects you?
Monday, October 10th, 2011Most Mallorca property buyers know a survey is good protection against purchasing a property with significant problems. But what if issues arise during the home inspection? Sometimes it can be difficult to know when to ask for repairs, a home allowance – or simply walk away from the deal. Check out these tips for taking home inspection problems in stride.
How does a property survey protect you?
Real estate survey reports protect you as a property owner or a potential mallorca property buyer by containing a legal description of the property boundaries.
Some of the factors that the surbey will include are:
Was this information useful?
Balearic Properties is the leading agency for Mallorca properties for sale including seafront villas, modern apartments and enchanting country homes.
Mallorca property market still hot
Saturday, October 8th, 2011In the last past months Mallorca Properties reported an increase in sales and the average selling price compared to the first months of 2011 with more sales of residential properties than new build properties.
In areas like Andratx, Santa Ponsa and Camp de Mar, the number of real estate transactions have experimented 24% more than at the beginning of the year, where mostly detached villas and apartments in top locations have been sold.
With the current mortgage rates keeping low, and the good rental income potential have kept investors confident in purchasing a property in Mallorca. In fact, people seeking for discount properties in Mallorca are much more confident than they were last year, because the market offers a lot more interesting than never before said Balearic Properties CEO , Antonio Fuster.
The average selling price was € 600.000 for second home residences and € 320.000 for newly built properties.
About Balearic Properties Mallorca
Balearic Properties is Mallorca’s largest real estate network operating since 1998 and covering all areas on the island. Balearic Properties continues expanding its offices network over the island, opening a new real estate shop in Puerto Portals in October 2011.
Balearic Properties Real Estate is one of Mallorca’s most innovative companies offering a personal service in order to help buyers and sellers a positive and financially rewarding experience.
Property tax on new properties (IVA) reduced to 4%
Friday, August 19th, 2011Today, the Spanish Government’s Development Minister, José Blanco has reduced the tax (IVA) on all new properties from 8% to 4% effective immediately. This temporary reduction will run until the end of 2011 and will stimulate sales on new property and boost the Spanish economy.
With the ongoing financial crisis hitting Spain hard, the Government has taken a leap to boost the sales of new homes throughout the country. The real estate sector has been struggling in Spain since its peak in 2007 and the banks’ exposure to loans have forced many to offer properties at huge discounts with 100% mortgages. Potential buyers were only asked to cover the taxes and costs which amounted to a total of around 12%. Now with the IVA (equilavent of VAT in the UK) slashed in half, this will come as a huge bonus to potential property purchasers.
Sales Manager at PropertyInSpain.Net, Ben Walker says: “With this reduction, our clients purchasing a property of EUR 200,000 would only have to pay EUR 8,000 instead of EUR 16,000, freeing up extra cash to use on furniture or reformations. From now until the end of 2011 we should expect a surge in demand for new property with the main purchasers coming from the UK, Germany and Holland.”
The Spanish Government has made this move to further protect the banks and ‘cajas’ who have come up against liquidity issues and an over-stocked portfolio of repossessed real estate which remained unsold from when constructors and developers went out of business.
The last 4 months of the year will be a crucial time and should encourage an influx of buyers looking for already heavily-reduced properties now with tax breaks.
Spanish Property News from PropertyInSpain.Net
Mallorca Property Articles and Reports
 Mallorca Property Market in 2012
NEW! - A brilliant in-depth analysis of the Mallorca property market in 2012 |
The Property Seller's Guide
How to sell your home in Mallorca, procedures, costs and advice. |
|
|
Buying your home in Mallorca
All you need to know about buying a home in Mallorca, applicable to the whole of Spain. |
Buy a Spanish Property
Questions and answers about the procedures and costs for buying and owning a property in Spain. |
|
|
Mallorca Property & Lifestyle
Mallorca property news, lifestyle in Mallorca, news, ... everything about Mallorca. |
Mallorca Property Magazine
Apply to receive a copy of our Mallorca property magazine, interesting, helpful, stylish and FREE. |
