The Court orders the demolition of the ruins near the Es Trenc beach at the south coast of Mallorca.

Since 1995, the 13 half-finished buildings contain 68 apartments spoiling the small village Ses Covetes with its popular sandy beach of Es Trenc. With this decision, announced by the Higher Balearic Regional Court on November 15th 2012, closes a year-long legal dispute. Several court rulings confirm that these houses were built too close to the beach. At the time, the construction was stopped after the intervention by the Environmental Protection Association GOB ...

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Majorca Villa new construction 400m to the beach - price reduced

The new Mediterranean villa with private pool is located just 400m from the sandy beach and the marina Sa Ràpita away. Marble floors and fine bathroom materials, oil central heating, air-conditioning warm/cold, spacious living and dining area, large kitchen, guest bathroom with shower, 3 bedrooms each with en-suite bathroom and a roof terrace with sea views. The entire house is cellared and the underground garage has space for several cars. The purchase price has been reduced now to € 539.00,- If the notarial certification takes place before the 31.12.2012 the transfer tax is only 4%. From the 1.1.2013 it will be 10%. To the exposé...

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Touristic rental of Mallorca Properties

The market In 2011 about 10 million tourists came to Majorca, 4,2 million of them from Germany. For 2012 there are signs of a historic record with an increase of 4 percent. The hotel sector on the island offers a wide range from simple hostels to luxury hotels. This area has been expanded this year beyond the previously represented 5-star segment of the island with the opening of the Jumeirah Port Sóller Hotel & Spa. But the number of tourists who for various reasons don’t book a hotel, but prefer to rent a private holiday home, is increasing continuously in Majorca. With the exception of large families or groups, the idea of saving money is not the reason, because All-inclusive packages in the intermediate category are priced lower than a good holiday home. The motive is rather a holiday...

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Purchase of real estate companies from now on with transfer tax.

Was previously a property for more than 3 years in the possession of a S.L. (Sociedad de Responsabilidad Limitada), namely a company with limited liability according to the English Ltd., so was the purchase or sale of the property exempted from the transfer tax, provided that on the buying side none of the shareholders kept more than 50% holdings of the company.       The transfer of ownership of the property took place in the form, that the purchaser or purchasers did not buy theproperty, but by a so-called share deal acquired 100% shares of the owning company. Although this method has not been applied at any time by the broad masses of property buyers, business experienced buyers or those with appropriate legal assistance could so far save a lot of money in this...

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