Balearic properties are the most expensive in Spain
Prices are higher than in Madrid and Catalonia.
Capital gains tax in Spain – part 2
Residents of Spain aged 65 and above are exempt from capital gains tax on property if it has served as your primary residence for over three years, even if you do not reinvest the proceeds.
Capital gains tax in Spain
When relocating to Spain or acquiring property here, you should familiarise yourself with the Spanish tax framework and proactively devise strategies to mitigate your tax obligations.
Balearics is top spot for foreign property sales
Price, weather and quality of life are what the British are looking for.
Balearics leads foreign property market
Up to October this year, a total of 3,337 property transactions were carried out on the islands.
Investing for a secure retirement – part 2
Part 1 highlighted the need for retirement savings growth and the risks of timing the market. Part 2 emphasizes immediate investment, risk management through diversification, and tailored, tax-efficient plans.
“Mallorca is a five-star plus global destination to invest in real estate, it’s hard to beat...”
“If you want to have a place in the south, in the Mediterranean, to have this infrastructure, Mallorca is second to none.”
Investing for a secure retirement – part 1
Successful investing isn’t easy, but following proven principles can reduce risk and avoid common pitfalls.
Infrastructure
Ports authority investing 186 million
Investment in Palma includes a berth for 300 metre cruise ships.
Finance
Alcudia demanding the right to spend its reserves
56 million euros in the bank, and the town hall isn't allowed to spend it.
Transport
Parliament opposes investment that will increase flight capacity
Aena has announced that there will not be any increase in the number of flights.
Infrastructure
Cruise ship demand requiring port investment this year
The number of cruise ship stopovers in Palma this year is set to increase by nine per cent.
Finance
Palma's total budget for 2017 will increase by almost 8%
The consolidated budget, which adds on amounts for the municipal agencies, will go up by 7.9% to give a grand total of 583.5 million.
Finance
Soller's port to receive 4.5 million euros investment
The fish market, storage area and office have long been demanded by Soller's fishermen.
Cycling
Large investment in cycling tourist routes
The tourism minister stresses the importance of cycling tourism as a tourist product for the "winter" season.
Transport
Aena spending 100 million euros on Palma airport
One aspect of the investment will be the creation of a free parking area at arrivals.
Calvia
Six per cent of Calvia project investment to be decided by the public
Calvia town hall is allocating a quarter of a million euros of its 2017 budget to projects that the public will decide.
Transport
Monarch secures its future
Investment of 165 million pounds has been forthcoming and the Atol licence has been renewed.
Health
Més criticise lack of consensus for Son Dureta scheme
The government now says that no budget for a reopened Son Dureta has been drawn up.
Heritage
Investment for Formentor lighthouse restaurant
The concessionaire wants to give the restaurant a total makeover with investment over a quarter of a million euros.
- Important information for British travellers arriving at Palma airport from April
- Passengers advised to head to Mallorca airport three hours before flights
- Mallorca restaurant concerns about lack of Easter bookings
- Former England, Newcastle and Liverpool star a winner in Mallorca
- Rafa Nadal expands his property empire