1 Bedroom Apartment - Silver Point, Portals Nous

Here we present a delightful fully renovated 1 bedroom apartment in Silver Point, the highly sought after complex in Portals Nous.  There is also direct access to the marina of Puerto Portals and beaches are just a few minutes walk away.

The terrace has ample space for al fresco dining and for sunbathing beds.

The stylish interior has an open plan living area with fully equipped American style kitchen. Satellite TV.  Reverse air-conditioning/heating in both living room and bedroom. Full renovation with new wiring and plumbing.

The double bedroom is at the rear of the 53m2 apartment.

Large walk in shower in the bathroom, with modern tiling.

Silver Point exterior.  The apartment overlooks the swimming pool and has a smidgen of a distant sea view through the palm trees. 

Well cared for gardens and sunbathing areas around the community pool.

Pool views from your terrace.

This property is new on the market for either sale or long term rental.  For more information the property inc prices click links above and here -  Ref 1381 for sale and R721 for long term rental.

Winter flight bonanza to Mallorca

Great news for the island as more flights will be having regular services over the winter!   The government has given the green light for landing fees and operating costs to be reduced at Palma airport over the winter in order to appease the airlines, which will help to bolster the low season.  

British Airways´ CityFlyer - twice a week from London City Airport (15 min check in time for passengers with hand luggage and 20 mins for those with 23kg of baggage)

EasyJet - two flights per week out of Glasgow, daily flights from Gatwick and Stansted, two flights a week out of Liverpool and Bristol.

Monarch - two weekly flights out of Gatwick and Manchester.  

(info taken from The Majorca Daily Bulletin)

Renovated 3 bedroom apartment in the marina

Newly renovated 3 bedroom apartment for sale, located in an apartment building within the Puerto Portals marina.  Spacious and light the apartment has sea and marina views.

Tastefully decorated throughout the apartment is ready for viewing for sale.

The 3rd bedroom with single beds

Dining area

Master bathroom

Master bedroom

Master bedroom with fitted wardrobes.  The apartment is sold fully furnished.

Well kept gardens and community swimming pool leading directly into the yacht marina.     For more information and price see ref 1373 on Nash Homes Mallorca website, or click HERE.

Superb Architect Designed Contemporary Villa for Rental

New onto our books a superb 5 level contemporary villa for long term rental.  Located in the hills of Costa dén Blanes, above the jet-set marina of Puerto Portals, this 500m2 built architect designed villa offers panoramic sea and mountain views.

Lots of glass to flood the villa with sunshine and to enjoy the stunning views.

 4 to 5 bedrooms.  Here is the master bedroom with en suite bathroom and dressing room. Amazing views to wake up to.

Master bedroom with sea and mountain views 

 Master en suite bathroom.  4 bathrooms in the villa in total, with 2 being en suite.

Bathroom with therapeutic Jacuzzi bath

Living room opening onto a large sun terrace.  

 Dining table with contemporary seating

 Fully fitted stylish kitchen

Central island in the kitchen houses to hob and oven

Games room 

 Spa area with huge Jacuzzi bath, sauna and gym

View of the swimming pool and surrounding area of 1,200m2.

Night time at the villa.  5 levels serviced by an elevator. There is also a wine cellar and home cinema.  Numerous beautiful sun terraces for relaxing and entertaining.
For more information on this property and the monthly rental price please see ref R715 or click HERE

Reduction in the CGT on sale proceeds

In order to encourage real estate property investments, the Spanish Government has approved a Royal Decree to be effective as from 11th May.

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 12^th May and 31^st 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 12^th May and 31^st 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 31^st December 2012.

Puerto Portals beach at 2pm today ...

A sweltering 38 degrees and rising ... here´s a photo taken 15 minutes ago of Puerto Portals beach, with the marina in the distance.

Hottest part of the day ............. the forecasters say the temperatures will drop "a little" at the weekend .....

Silver Point 3 bedroom apartment for sale with magnificent sea and marina views

Beautiful newly reformed south facing apartment in the most desirable complex overlooking the fabulous Puerto Portals yacht marina.

Large living area featuring a splendid American style kitchen with breakfast bar and the latest appliances.

 Patio doors lead to a spacious unoverlooked terrace offering perfect sea views.

The master bedroom suite has an beautifully finished en-suite bathroom and patio doors opening onto the sea view terrace. There are 2 further double bedrooms both with en-suite bathrooms finished in modern ceramics.

This immaculate in Silver Point property enjoys stunning sea views and is conveniently located for the yacht marina and all its facilities. 

Includes heating and aircon throughout, latest sound system, marble floors, garage parking space, large community swimming pool area and gardens with marina direct access.

For more information including up-to-date price click here - Ref 1136.

VAT rise in Spain as from 1st September

There has been recent tax news introduced by the Royal Decree Law 20/2012. This regulation has increased the general VAT tax rate from 18% to 21% and the reduced tax rate from 8% to 10%.  The new tax rates will be applicable from September 1st 2012.

Additionally, Personal Income Tax withholding over the income paid to professionals are increased from 15% to 21% (the new withholding tax rate will be applicable from September 1st, 2012 until December 31st, 2013).

Port Adriano, Superyacht Marina, Mallorca

Port Adriano, the stunning new marina here on Mallorca is now complete and attracting some of the world´s finest superyachts.  Located just 9km from Palma in the south west of the island, the marina is a showcase for not only the yachts but also for fashion, yacht brokerage and gastronomy. 25,000 square metres of berths, 82 moorings for yachts and superyachts of between 20 and 80 metres all year round, and 100 metres in summer.    Designed by Phillipe Starck, the architecture is impressive at every turn. The most modern marina in the Mediterranean offers a commercial area with leading fashion houses, real estate offices, yacht brokers, and Mediterranean cuisine.     

Enjoy the images taken this week ....

Photos courtesy of Colin Nash.    For more information (including 360 degree virtual tour) see www.portadriano.com