Here is an overview of the new provisions. For details as to how it might affect you please contact your financial advisor.

The main measure is a reduction of 50% in the Capital Gains Tax on sale proceeds for properties bought between 12th May and 31st December 2012. This is regardless the future sale date.

The tax remission benefits both natural persons (residents and non-residents) and legal entities, under the following conditions:

-         The property must have been purchased between 12th May and 31st December 2012
-         It must be an urban property (residential or commercial)
-         The buyer and seller should not have any connection, either corporate or family
-         The property should not be considered a commercial development or venture.

The tax reduction will be applied in the annual Income Tax declaration or in the company tax of the fiscal year in which the capital gain was generated.

Provided that the applicant meets all necessary requirements, the capital gain to a non-Spanish tax resident on sale of a Spanish property is taxed as follows:

Sale in 2012-2013              Before:  21 %
Now:      10,5 %

Sale in 2014 or after:          Before:  19%
Now:      9,5 %

The tax on capital gain to a Spanish tax resident is as follows:

Sale in 2012-2013              Before: until 27% (depending on Gain)
Now:     until 13,5 %

Sale from 2014 on              Before: until 21%
Now:    until 10,5 %

In the case of companies, the Capital Gain is taxed at approximately 15%.

We would like to remind you that the tax for newly constructed properties remains at 4 % until 31st December 2012.

If you have any queries please contact us.

Balearic Properties Real Estate Mallorca

Phone ; +34 971 532 221

www.balearic-properties.com

The bay of Palma is host to prestigious sailing events year round, including the Copa del Rey and Trofeo SAR Princesa Sofia held near Easter each year. Many sailing events, such as the Trofeo SAR Princesa Sofia, have been held for decades dating back to the 1960s.

The sailing community in Palma de Mallorca is quite large. Marinas are scattered throughout the area and offer a wide array of facilities. Visitors interested in day sailing trips are in luck. Throughout Palma de Mallorca are tourism companies offering amazing sailing excursions along the coast. Visitors will see beautiful beaches, rocky coastline, coves and travel to port towns. Palma properties are some of the most gorgeous and offer beautiful sights as well.

Sail in Palma de Mallorca
Experienced sailors may opt for ambitious itineraries around the Balearic Islands, visiting Ibiza and Formentera. These areas offer busy marinas but are often more exposed, so experienced skippers are recommended. The rugged west coast of Mallorca, heading from Palma, is one where sailors can escape from tourists and experience the true beauty of the Mediterranean.

The sailing season in Palma de Mallorca runs from May to September. The winds are hard to predict in the area, but the sun is almost always shining. Winds commonly blow at 2-4 Bft, but the Mistral and the Tramontana can occur and cause difficult conditions. Experts are recommended for sailing in these areas.

Sailing in Palma de Mallorca is the dream of many avid sailors. The area is extremely popular to worldwide yacht and sailing enthusiasts and offers some of the most beautiful scenery in the world.

Sailing Conditions in the Balearic Islands
More than 300 days of sunshine are offered in the Balearic Islands. The area was made for sailing! From March to June and from September to October, the dominant Tramuntana winds push from the north. In the summer months, warm winds accumulate around Ibiza and southern Mallorca. The island of Menorca receives western flow from the Gulf of Lion. Summer often offers lighter winds, but can be unpredictable.

Sites and Sounds
Visitors to the area can expect to see dolphins, turtles, flying fish, large jumping fish and a wide variety of birds. Swim off the boat and enjoy the beautiful azure water and warm temperatures. Rocky cliffs and sandy beaches surround the Mediterranean sea and border the coast of the Balearic Islands.

Sea fishing is prevalent around Palma and in the Balearic Islands. Deep sea fishermen can cast their line in the hopes of drawing in bluefin tuna, albacore, swordfish and dolphin-fish too. May and June are great for fishing in the south of Majorca. August and September are good months to fish for bluefin tuna, up to 300kg!

Whether you’re an avid sailor or fisherman, or just interested in a quick day trip, boating in Palma de Mallorca is a worthwhile adventure. Visit the playground of the world’s best sailing events and see what the Balearic Islands have to offer!

Requirements for 90 Day Travel
Depending on where you’re from, you may not be required to possess a visa if you plan to travel to Spain for under 90 days. Although a visa isn’t required for stays under 90 days for certain approved countries, the Spanish government still requires certain documents before allowing travelers into the country.

If you are a citizen that is exempted from the visa requirement, you’ll need a valid passport to enter Spain. Visitors must have a passport, however, that is valid for three months beyond the date they wish to stay. Sufficient funds are required for entry. Additionally, evidence of hotel stay or letter of invitation from friends or family they’ll be residing with are required. A round trip or return airline ticket is also a required document upon entry.

There are currently 25 European countries that are party to the Schengen Agreement. You may travel within any member country for up to 90 days without a visa. Additional information can be found on the Schengen Fact Sheet located here.

Requirements for 91 + Days of Travel
Those individuals interested in visiting the Balearic Islands for longer than 90 days will need to provide local authorities with official criminal records from their state of residence. The FBI’s Criminal Justice Information Services office conducts valid background checks as well. Letters of invitation are also required to apply for a visa. If you’re planning to purchase properties for sale in Mallorca or just rent a villa for an extended period of stay, you’ll need to make arrangements for a visa.

Often most countries require that your passport have available pages in your passport to allow for any required stamps. More information about the visa requirements in Spain can be found here.

Travel Resources
If you or a loved one are planning on a trip to the Balearic Islands, we suggest visiting the below websites. Find information about travel guidelines, visa restrictions, letters of invitation to Spain, and much more.

Spain and Andorra Country Specific Information – Provides additional information about the country of Spain, entry and exit requirements in addition to country specific stats and facts.

Spain Visa Application Information – Explains the process of visa application and the details involved in traveling to Spain.

Spanish Visa Information – Provides information about working in Spain and the required documents related to visas in Spain.

Requirements for Entering Spain – Detailed information from the Spanish Government about entry into Spain and the requirements related to letter of invitation, a visa requirement.

If you’re traveling to Spain in the near future, research to find out more information.

Here are seven of the top recommended attractions in beautiful Mallorca.

The Cathedral (Catedral de Mallorca)

Located in the capital city of Palma, The Cathedral of Mallorca (locally known as “La Seo”) is probably one of the most visited destinations on the island. It is one of the largest and most impressive Gothic cathedrals in Europe and took over 300 years to finally be completed in the year 1601. Tourists marvel at the magnificent Baroque altarpieces and the fine gold work.

Arab Baths

The Arab Baths, also located in Palma, are impressive because of their history as they feature some of the only Arabic architecture in the capital, dating from the 1100s. Arabic archways, vaulted ceilings, and a tranquil garden take visitors back in time to the former city of Medina Mayurqa which was located here.

Palma de Mallorca Train to Soller

Winding through the beautiful Alfabia mountain range, this quaint train ride of less than 30 km between Palma and Soller provides tourists a view of gorgeous scenery aboard meticulously maintained cars which ride on an extremely narrow-gauge track. Riders pass through 13 tunnels and cross five bridges, including the notable “cinc-points” viaduct.

Es Trenc Beach

Located in the southern part of the island, Es Trenc Beach features turquoise water, fine white sand, and a protected wetland with a wide variety of wildlife and plant species. Es Trenc is very well maintained despite the large number of visitors that flock to it during the hot summer weekends, and well-represents the Balearic vacation beach experience—beautiful and relaxing.

Coves del Drac (Caves of the Dragon)

For visitors with more adventurous spirits, the Caves of the Dragon near Porto Cristo on the east coast might satisfy their urge for exploration. The caves, discovered in 1896, are nearly 2,400 metres long and feature beautifully-lit stalactites and stalagmites in a space with a ceiling that reaches up to 25 metres from the cave floor in some parts. A distinctive feature of the caves is the underground Lake Martel, one of the largest below-ground lakes in the world. Classical musicians play a 10-minute concert on the lake every single day.

Katmandu

Katmandu, located in an upside-down building in Magalluf, is an attraction for the whole family that has a 4D thrill ride, live entertainment and minigolf—perfect for the kids after a day of historic sightseeing. Interactive displays and a casual restaurant and bar round out the experience designed to engage all the senses.

Pirates Adventure Show

This show, which is a combination of a cirque-style spectacle, a comedy, stunt performance, and a dinner show, is highly-rated among visitors. There are two versions of the show, one for the whole family, and one for adults 18+ with a bit more risqué humor.

Balearic-properties.com can facilitate all aspects of your Mallorca investment property acquisition and management, including locating discounted properties perfect for letting, property renovation, and maintenance. Our experienced lawyers in Mallorca will help with your property needs. Fill out our brief inquiry form and let us help take advantage of current market conditions today.

A little research ahead of time will help you find the best place to stay, eat, play, and shop. You may prefer to stay put in one spot or explore what the Balearic Islands have to offer.   Here are some of the best destination websites to check out before you visit the Balearic Islands.

#1 Official Tourism Site of the Balearic Islands

A great place to begin is the official tourism site of the Balearic Islands. This is your jumping off spot to learn more about the different islands, the culture of the Balearic Islands, shopping, accommodations, and much, much more.

#2 Information About Mallorca

Perhaps you have already made Mallorca your travel destination. If so, visit the Mallorca home page, for tips on where to stay, museums, and special activities that are planned.

#3 E-Menorca.org

Heading to Menorca? Make this guide a starting point spot to learn about Menorca’s famous beaches and its culinary treasures like its world-renowned cheese!

#4 Information About Ibiza

If you’re a diving enthusiast, you’ll definitely want to check out Ibiza and Pitiusan Islands. To make sure you don’t miss the Medieval Fair or other special events, check out what’s going on throughout the year on the activity calendar.

#5 Formentera Windmills and Lighthouses

The windmills and lighthouses of Formentera are not to be missed!  Click on the Formentera website for a guide on what to look for.

#6 Weather Resources

Although the weather in the Balearic Islands is pretty wonderful year-round, you may be wondering more precisely what the weather will be like during your visit? Check out this quick guide to Majorca weather so you’ll have a better idea of how to pack and which activities to plan.

#7 Top Sights and Attractions

Still not sure where you want to spend your time? Hop over to the “Top Ten Sights of the Balearic Islands” to get an idea of some popular attractions and view some beautiful island photos.

#8 Lonely Planet

If you want to get a feel for the lay of the land – or islands, in this case – head over to Lonely Planet’s Map of Balearic Islands.  It shows an overview of the islands along with a close-up map of major cities as well as a handy interactive map that shows sights, entertainments, hotels, and restaurants.

#9 Conde Nast Traveller

While you can’t go wrong at any beaches in the Balearics, Conde Nast Traveller has put together a list of the “Best Balearic Beaches“, so whether you are up for a swim in the cove at Deia or on the unspoiled beach at Cala Turqueta, this web site gives you insider tips so you can find the perfect beach for you!

#10 Mallorca Restaurants

Chances are some of your meals will be at a small cafe near a quiet cove or a charming little restaurant near where you’re staying. But if you want to make the most of your gustatory experience during your stay, check out Mallorca-Restaurants-121.com for a list of over 300 top quality restaurants to give you more time to enjoy dining and less on searching for a spot.

#11 Viator

From walking tours to historical monuments to museums and sites for beautiful views, Viator has put together a list of attractions and cultural experiences in one hub. If you want to make sure you visit significant religious sites or just want to people watch, you’ll find the information you need here.

#12 Trip Advisor

You’re also going to want to relax and play and TripAdvisor is a great place to check out how other travelers have ranked golf courses, beaches, cycling and jogging paths, and more.

#13 Before You Go To Spain Resources

To make sure your experience in the Balearic Islands is as carefree as possible, a good idea is to go over the practical tips on the “Before You Go” page from the Foreign & Commonwealth Office. Here you’ll find information on health and safety, driving regulations, entry requirements, currency, and all practical things you need to know before you travel.

#14 Fodor

When you’re ready to put it all together, Fodor’s has a nice site for arranging your trip and planning your time in the Islands.

#15 Balearic-Properties.com

Thinking of purchasing an investment property? You’ve come to the right place! Balearic Properties can help you find Majorca properties that best suit what you’re looking for, whether it’s a villa or an apartment. And we can help you find distressed properties to take advantage of the current market conditions.

Visiting the Balearic Islands can be a trip to paradise and doing a little advance work will help you make the most of your time while here!

What are your favorite websites about the Balearic Islands? Share with us in the comments below.

Many tourists find the climate, the views and the hospitality of the island to be irresistible and choose to purchase a residence or summer home on the island. While some of these purchases are made by the world’s wealthiest citizens, the island is still affordable and provides tremendous value for couples, families and for retirees. The island has many attractions for tourists as evidenced by its popularity but it also provides excellent resources and opportunities for its more permanent residents.

If you are interested in making Mallorca a permanent or second home, a holiday visit will undoubtedly remove any reservations that you may have about the purchase. A visit to these places should eliminate any lingering concerns.

Beaches

Majorca has over 200 beaches scattered around its perimeter and if that is not enough its sister islands if Minorca and Ibiza have another 150 between them. The temperate climate and the calm waters of the Mediterranean provide tremendous opportunities for beach and all other water activities on a year round basis.

For cocktails and other luxurious amenities, try the Cala Pi de la Posada beach outside the famous Formentor Hotel. For the outdoors person, the Alcúdia beach provides ample water sports including parasailing, water and jet skiing and sailing. For a relaxing time just sunning with the family, try Playa de Palma. Each beach will give a distinct taste of the pleasures of Mallorca.

Nightlife & Entertainment

The capital and largest city on Mallorca is Palma. It is a city that combines the luxury amenities of modern hotels with the historic architecture and ambiance of an Old World city. The explosive growth in tourism over the last few decades has brought the world renowned retailers, finest restaurateurs and the trendiest night club promoters to the Mallorca.

The clubs in the capital as well as several of the larger resorts, boast venues that can hold thousands of partiers on any given night. In particular, BCM Planet Dance and Tito’s offer world class DJ’s and plenty of “beautiful people.”  Mallorca also plays host to dozens of musical and arts festivals throughout the year. From classical to rock and roll and everything in between, Mallorca supports every musical taste.

Cuisine & Lifestyle

Many tourists come for the excitement and the opulence of Mallorca and the island does, indeed, have these qualities in abundance. Many long time residents, however, have come to love the island for its rustic charms including it native Spanish cuisine and slower paced lifestyle outside the resorts and Palma.

Sopes mallorquines is just one of the specialties of this island. This bread and vegetable soup has no meat but other Mallorcan cuisine is focused on lamb, pork and chicken with copious additions of garlic and olive oil. There are hundreds of small eateries located in the countryside that serve traditional fare at incredibly affordable rates.

The Bottom Line

The spectacular scenic beauty, the hospitality of the inhabitants, the relaxing pace and the excitement of a world class holiday destination makes Mallorca an intriguing investment opportunity. Still, the purchase of a residence is a serious decision and it should be given careful consideration. Mallorca properties have seen explosive growth in the past decade and the trend seems likely to continue. This fact combined the unparalleled livability of the island make Mallorca a singular place to live and invest.

Here are 10 of the best reasons why the time is right for you!

1. Prices are the lowest we’ve seen in quite some time. So many lovely properties – many with sea views, swimming pools, and other luxurious appointments – have had their prices reduced, making this an ideal time for investors to make their move and take advantage of market conditions to maximize their investment.

2. There are many seafront properties available. Seafront properties are always in demand by those looking for a bucolic vacation site.

3. Investors can take advantage of distressed properties for sale. In combination with historically low property prices, there are also distressed properties available. The global crisis has left some property owners with an urgent need to sell, representing a remarkable opportunity for the savvy investor.

4. The new modular villas offer a new concept in villa construction and the minimum possible price. Sleek, modern, and contemporary are a few of the ways you can describe this exciting new concept. Add to that a lower entry price point and you have a winning and profitable combination! Offering several different floor plans, plan to completion time can be as little as four months. These homes are ideal as rental properties.

5. The Balearic Islands offer the ideal vacation spot. Whether it’s hiking, cultural opportunities, golf, swimming in the ocean, water sports, or just relaxing by your private pool and admiring the beautiful sea view, there is something for everyone in Mallorca, making it a very attractive vacation destination.

6. Leasing Agents can take the hassle out of being a long-distance owner and let you relax and enjoy your investment property. We can help you rent out your property during the times you want to generate rental income and take the hassle and worry out of the process. We have a client base of returning vacationers and new people interested in renting a home in the Balearic Islands call and visit our website every day.

7. We offer local assistance property maintenance. We can help ensure that your property remains in good repair even while you’re thousands of miles away. We can coordinate repairs, landscaping, renovations, and help with all the other little issues that may arise in property maintenance.  Being a long-distance owner has never been easier!

8. Our team will be reassuring guides throughout the buying process. If you’re an out-of-country buyer, we can guide you through the home-buying maze. From the start of the buying process, through the legal aspects and taxation issues, to registering your property, our team is here to help! With a multi-lingual staff and contacts with local legal representation who speak your language, you can rest easy knowing that the process with be explained thoroughly.

9. Our Project Management staff knows the building process inside and out! If you intend to build new, we are here to assist you with free advice, from buying your plot of land to completion.

10. At Balearic Properties, all the pieces are in place for you to purchase your dream investment property. A knowledgeable, experienced team combined with favorable market conditions in a popular vacation destination make the timing right for you to make your move!

The difference is that no longer is it a short term investment where you can buy off plan and be assured to sell it before completion. However for long term investment (min 5 years) off plan property in Mallorca is still a very attractive option and can leave you with the benefit of having a nice property at your disposal or getting an extra income for renting it out. The North of Mallorca offers a wide range of holiday villas that can be rented out trought holiday websites like http://www.holiday-rentals.co.uk/ , http://www.ownersdirect.co.uk/ and some others. From the generated income taxes have to be paid in Spain, but there is a good profit after the season which make this sort of investment more attractive for property investors looking to buy villas in Spain.

Balearic Properties is cuurently offering a great sort of investment never seen before in Mallorca. Our company has been appointed to market the new & modern modular villas ,consisting in contemporary off plan properties at low cost with minimalistic design ideal for rental purposes. In addition we offer a to the investors a guaranteed rental income . Working already with international property funds. If you’re thinking of investing  in property as a way of making money, the rental income is a fundamental criteria for a profitable investment in Mallorca.

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Best buy-to-let villa in Mallorca with guaranteed rental return. Buy now for 385.000 Euros only

Urgent to sell country property neat Palma de Mallorca with good rental return: 1.450.0000 Euros

Mallorca North: Elegant villa is settled in a large plot bordered by a beautiful natural pine forest offering total privacy to the property.

Amazing opportunity to aquire this luxury villa with high rental income that will cover the mortagage rates easily. Buy now for only € 690.000
Read more details about this property and arrange a viewing

The garden is beautifully landscaped, arranged for easy maintenance with automatic irrigation system, and the large pool (11X6) is surrounded by a lovely stone terrace. There is another sunbathing terrace next to the pool, and lovely barbecue area.
From the lounge and the kitchen, you have access to large covered terraces with spectacular views over the valley and the country side.
The house comprises 2 floors; on the ground floor you will find a large entrance hall leading to the spacious open planned lounge and dining room followed by a well sized fully fitted breakfast kitchen with laundry room and access to the basement; then is the guest toilet, and a spacious master bedroom with ensuite bathroom and large walk in wardrobe.