The Spanish Euribor rate decreases again in September to 2,067 % according to the infomation provided by the Bank of Spain. The Euribor is short for Euro Interbank Offered Rate. The Euribor rates are based on the average interest rates at which a panel of more than 50 European banks borrow funds from one another. […]
Today, 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 […]
Since many years , buying property in Mallorca has been and still is one of Spain’s premier property investments. Mallorca was and is, of the premier holiday destinations in Europe, with property buyers focusing on the island from all over the world. The new changes in spanish law , since the abolishment of the wealth […]
As owners of a property in Palma de Mallorca you will soon learn that the city is sometimes referred to simply as Ciutat of Palma (City). Palma is Majorca’s capital city and offers its many thousands of visitors a glorious selection of history, culture and cuisine. Palma property owners agree it’s a foot-friendly city and […]
The Mallorca property market differs greatly from the general Spanish property market – mostly because of the geographic features of the island.Mallorca, or its anglicised version, Majorca is a relatively small island covering 3,640 km2 with a population of approximately 800,000. The high point of the island is Puig Mayor at 1,445m. Although not that […]