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.

Related Posts:

Rental Licence Mallorca , obtaining a rental licence before starting with marketing actions.

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.

Nice property located in the sought after area of La Font, a beautiful residential area, very close to Pollensa old town. The villa has approx. 520 square metres built and is located on a plot of approx. 2000 m2 where we find a wonderful mature and well kept garden, which has sprinkle system. The house is divided in two floors: ground floor with the living accomodation, and the first floor where there is a swimming pool surrounded with a wide terrace with magnificent covered terraces, barbecue area and a self contained one bedroom flat with a shower room. On the ground floor you´ll find 4 double bedrooms, 4 bathrooms en suite,1 guest toilet. Lounge dining room with fireplace. Large fitted kitchen, office, utility room, and a wide garage besides a carport with space for 2 cars. Equipped with Oil central heating gasoil and air conditioning hot and cold. The property is sold with most of the furniture.

The villa has been recently reduced to 670.000 Euros

More Details here

We look forward to help you with your Mallorca Property search . Please feel free to contact us today for all your Mallorca Property needs. We showcase all Mallorca Properties for sale.

Investment plot of land  with building permits for 2 large villas each with swimming pool. The plot is ideal for 2 couples, friends or family that want to build a luxury home in Mallorca near to each other, or for investment purposes and buy-to-let.

Subach is a selected residential area close to the 9 hole Golf course of Pollensa Property. The area is well known for luxury rentals where houses on the same street rent for an average of 4000 Euro /week.

The land is located on an elevated position, best one of the whole estate, and the forest and green area are right on the back where you can enjoy any one of the mountain and forest walks and admire the panoramic sea views from the top (15 minutes from this plots away)  where you will see wild goats and stalagmite caves..

With our building partner at LF91 you will get the best construction rates on the island and the highest quality materials, over 50 sample villas can be seen. Price for a 4 bedroom villa with swimming pool range approx. 350.000 Euros.

Purchase the two plots together for 590.000 Euros

Call us to talk to a specialist on +34 971 53 22 21

Balearic Properties

Mallorca North Villas for sale

Mallorca Villas for sale

Potential buyers for “buy to let” opportunities must therefore contact a spanish solicitor to obtain a rental licence before starting with marketing actions. Here at Balearic Properties and our rental departments will guide you on the process of obtaining the licence, however we also have a great selection of fincas, apartments and holiday villas already with an existing rental licence, this make things easier since the licences have been limited by the authorities.

“In the Balearics, you cannot rent out private residential apartments,” says Isabel Loeffler, head of Loeffler Legal Centre, on Mallorca. “The only kind of residential property you can rent out is a detached villa, but only if you have a licence.”

The department of tourism in Palma, the regional capital, confirms this, and adds that licences to rent detached properties are no longer being granted on Mallorca. It is a similar story in the Canary Islands, because the authorities in both are keen to promote hotels over private rentals. Confusingly, licences are still being granted in Menorca.

One exception is apartamentos turisticos – a special category of property built specifically for letting to tourists. But these carry a raft of other restrictions and potential extra costs that make them unsuitable for buyers looking primarily for a property they can use themselves.

A quick search online, however, turns up thousands of private flats and villas to rent in both regions, many of which belong to Britons who may have no idea that they are breaking the law. With so many “illegal” holiday rentals going on, the law and the reality on the ground are oceans apart, which is not unusual in Spain. Furthermore, there is a lot of confusion about how the rules are interpreted and enforced.

“The situation is a bit of a mess,” admits Kate Mentink, 63, originally from Edinburgh. She lives in Calvia, southwest Mallorca, where she is a local councillor and deputy mayor, responsible for tourism and international integration. The municipality includes property hot spots such as Puerto Andratx and Santa Ponsa. “My department’s understanding is that all short-term rentals to friends and family are fine, provided you declare your rental income and pay tax,” she continues. “But renting to strangers through a tour operator or agency, or on the internet, is not allowed without a licence.”

The rental licence is needed

The Tourism Authority of Mallorca consider that renting villas and apartments  are illegal without a licence, and can incur fines of €30,000 and more for property owners.

So, where do you need a licence to offer holiday rentals? Mallorca and Minorca, for a start. Planning to buy a flat in Pollensa and rent it out for part of the year to British holidaymakers to cover the mortgage? Then think again.

New Tourism Law

The Government has introduced the “very modern” text of the new Tourism Law, which will give a “complete turnaround”of the current situation among other things, regulating the conversion of obsolete tourist establishments or hardening of sanctions by 30% for the illegal supply.

The new law will allow licences to the called “touristic” holiday homes consisting of detached or or semi-detached villas and the marketing of more than one villa per plot.

Dear valued clients and friends, this is the regular newsletter with the latest ads and newly discounted properties for sale in Mallorca.  Please find in this issue our best contemporary properties in Mallorca with best price/quality/location ratio. We will be pleased to give you any additional information required and look forward assisting you professionally and in a very personal way.

Best Deals in Mallorca MORE ON OUR WEBSITE balearic-properties.com » Luxury living on top of the other- Buy now for only € 1.050.000 Newly built villa on an elevated position with beautiful views to the country side and mountains only a few steps away from the beautiful bay of Pollensa and the golf course… read more » Pollensa’s best Views – Buy now for only € 1.150.000 Perfect home for comfortable & modern living in the heart of the old town close to all amenities. Enjoy the fabulous views from the georgeous private sun terrace on the top of the house… read more » Heaven on earth! Only 3 luxury villas left nestled in a beautiful beachfront location for a discounted price of € 1.850.000 Situated in one of the most exclusive areas in the southwest of Mallorca, overlooking the beaches of Portals Vells, these properties are a dream investment for Mallorca passionates. read more » Timeless architecture in walking distance to the village – Buy this luxury villa now for only € 2.300.000 Situated in one of the most exclusive areas in the vicinity village of Pollença called La Font, this majestic villa with over 400 m2 surface is a dream for everyone looking modern living in Mallorca. read more

Charming 3 bedroom villa with all en-suite bathrooms  on a private plot of  1.000m2.

Inmaculate  detached villa located in the residential area of Subach,  where you will feel like living in teh countryside of Mallorca, surrounded by mountains and just 7 minutes to the village and the Golf course. The villa enjoys superb views to the surrouding country side.

The villa was finished in the year 2008 and was build to very high standards offering a nice combination of Mediterranean and modern style with a private swimming pool, surrounded by wooden deckings. The villa offers 3 really good size double bedrooms, each with its bathroom en Suite, an extra guest toilet, a very spacious  completely fitted kitchen and the living dining room with chimney. Air conditioning ( hot / cold ) is installed and you have a carport for your car in the backside of the villa.

This is a superb investment : Perfect for your private family holidays or even for lettings which guarantees a good return. The garden has automatic sprinkler system. Water and electricity mains are connected.

Price reduced from 600´000 Euros to 390.000 Euros !!!

READY TO MOVE IN AND ENJOY THE LIFE IN MALLORCA !
BARGAIN PRICE OF 390.000 EURO ( MORTGAGE 350.000 EURO )

More information and viewings under +34 971 53 22 21

Balearic Properties Real Estate Mallorca