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C-3: Country house for sale in Campanet, Mallorca

April 30, 2009 // Posted in Country houses for sale in Mallorca, Price reductions and bargains (Tags: , , , , , , , ) |  No Comments

This is a very nice country house at a low asking price with scope for further negotiation – a very good value opportunity if you are looking for a country house in the North of Mallorca

  • Location: Campanet, North Mallorca
  • Type of property: country house
  • Plot size: 15000m2
  • Size: 240m2 plus guest house
  • Bedrooms: 3
  • Bathroom: 2
  • Sale: 595.000 €

Charming country house property for sale in the countryside of Campanet, a very pretty hilltop town in the North of Mallorca and a short drive from Pollensa and the coastline of North Mallorca. Palma de Mallorca and the airport are an easy 35 to 40 minute drive away. The area has lovely countryside and views to the Serra de Traumantana Mountains. There is a selection of very good bars and restaurants in the town.

The property is set in grounds of 15.000m2 and has a constructed living space of 240m2, plus a charming guest house of 45m2. There is also a large and useful double garage building of 50m2

There is plenty of living space and the property has a light and airy feel to it. There is a nice kitchen open to a spacious dining area, and a large living area with a rustic wood burning stove. At present the main house has 2 double bedrooms and a family bathroom. It is all in very good order but there is scope to create more accommodation if desired.

The guest house offers additional accommodation – ideal for larger families or those who have regular guests staying. Alternatively it could be used as a studio or office to the main house. It has a double bedroom, ample living room, complete kitchen and bathroom so is completely independent of the main property.

Outside the main house has lovely terraces with views over the surrounding countryside and to the mountains. There is an outdoor dining area with a great BBQ oven. The property has lovely gardens and grounds of 15,000m2 with a mixture of very nicely planted garden areas and various trees. There is also a feature ornamental pond.

The property features a high-tech solar heating system which also heats a particularly nice swimming pool. The property is completely fenced, has heating, double glazing and a back-up generator to the solar energy system.

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C-95: Country house for sale in Buger, Mallorca

April 30, 2009 // Posted in Country houses for sale in Mallorca, Price reductions and bargains (Tags: , , , , , , , ) |  1 Comment

This is a very high quality country house. With a reduction from Euro 899.000 to Euro 699.000 and scope for further negotiation, this is a very good opportunity to acquire such a property at a very low price.

  • Location: Buger, North Mallorca
  • Type of property: country house
  • Plot size: 6166 m2
  • Size: 420 m2
  • Bedrooms: 4
  • Bathroom: 3
  • Price: 699.000 €

Very nice and substantial country house for sale in the countryside of Buger, a small hilltop town in the North of Mallorca. Buger is a charming place with a selection locals bars and restaurants. It is a very short drive from Pollensa and the North coast. The area has lovely countryside and views to the Serra de Traumantana Mountains. Also very accessible to Palma (35-40 minutes easy drive).

This country house property is large and beautifully constructed with lovely features such as the stonework and wooden doors. It is situated in a very nice fenced plot of 6,116m2. The property offers 420m2 of living space set out as: entrance hall, large living room with fireplace, dining room, kitchen, laundry, storeroom, 4 double bedrooms, one with bathroom en suite, 2 further bathrooms plus a large and very light studio room of 80m2 on the first floor. The studio offers scope for an office, further guest accommodation, a games room or second living room. In the basement there is an historic bodega or wine cellar of over 40m2.

The property enjoys many extras such as double glazing, central heating and there is a double garage of 40m2.

The villa is surrounded by a fenced garden with large pool of 70m2 and there are several terraces with fabulous views of the mountain range, the village, also of the Bay of Alcudia. The property has very nice grounds with a mixture of mature trees including almonds.

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MPP-PTX3: 4 bedroom front line sea view apartment for sale in Portixol, Palma, Mallorca

April 29, 2009 // Posted in Apartments for sale in Mallorca, Price reductions and bargains (Tags: , , , , , , , , ) |  1 Comment

A superb opportunity to own an excellent property and investment in one of Mallorca’s most sought-after locations

  • Location: Portixol, Palma, Mallorca
  • Type of property: apartment
  • Bedrooms: 4
  • Bathrooms: 2
  • Parking: underground garage available via separate rental agreement
  • Gross area approx. approx 158 m2 +
  • Price: 795.000 Euros

    This apartment is located in one of the best locations in Portixol, which is to the east of Palma and within easy walking distance from the city. Comprising old fishermen’s cottages this area has become increasingly popular and now has a wide variety of bars and restaurants.

    This apartment is in an older block in a prime sea front position overlooking the little beach of Portixol. The property is all in good order, albeit somewhat dated. It would be a simple job to freshen up the property and modernise it with a new kitchen and new bathrooms. One might also restructure some of the space e.g. open the kitchen to the living room, and open the main bedroom at the front into the living room to create a very impressive room with two sets of double doors leading to the front sea view terrace. There is some real scope for the owner to work the accommodation exactly according to their wishes.

    In terms of outside space, the front terrace is approximately 10m2, lower rear terrace very approximately 15m2 and upper rear terrace 50m2.

    The measurements given are provisional and only rough, but the space estimates do not take into account the 2nd living room to the rear. This could also be utilised in a number of ways – perhaps even incorporating a second “summer kitchen” for the large rear terrace.

    Al in all – for someone prepared to take on a little straight-forward work, this apartment is a unique opportunity in this location.

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8830309: New-build country house for sale in Arta, Mallorca – with excellent terraces pool and grounds

April 28, 2009 // Posted in Country houses for sale in Mallorca (Tags: , , , , , , ) |  No Comments

  • Locations: Arta, Northeast Mallorca
  • Type of property: country house
  • Bedrooms: 3
  • Bathrooms: 3
  • Plot size: 16,000 m2
  • Built size: 390 m2
  • Terrace 150 m2
  • Pool: outdoor pool
  • Price: 945,000€

A newly built and very high quality country house for sale in a classic traditional style, located on the outskirts of the town of Arta in Northeast of Mallorca. Surrounded by beautiful countryside and being located close to the coastal resorts of the North East, Arta is an increasingly popular location for both holiday homes and permanent residences. Palma de Mallorca and Palma airport are roughly 40 minutes easy drive.

Situated in land of some 15.000 m2 this property is surrounded by lovely gardens which are well planted with almond and other trees. There are large terraces, some covered and some open, all with excellent views of the surrounding countryside.

The total constructed area is 240m2 and the house has been designed to create a modern light and open living space within a traditional design. On the ground floor there is a large kitchen and a separate laundry area, dining room, fire place in the living room. There is also a double bedroom and bathroom on this level.

On the first floor there are two double bedrooms with fitted wardrobes and en suite bathrooms. Each of the bedrooms have there own private terraces with super far-reaching views.

The property also features underfloor heating and pre-installation of air conditioning, tarracota floors and high quality fitments throughout.

The swimming pool is a large 10 x 5 m in size and is surrounded by a great sunbathing terrace with again has lovely views of the countryside around the property.

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Capital gains tax in Mallorca: off-setting buying and selling costs on Mallorca properties

April 28, 2009 // Posted in Property finance in Mallorca (Tags: , , , , , , , ) |  No Comments

This article is to highlight a point that many people do not realise relating to the cost of buying a property in Mallorca. Overall the costs are higher than in the UK. Mostly they are made up of taxes, then there are legal costs and notary fees. In all we recommend you allow 10% on top of the final agreed purchase price in order to cater for these costs.

In addition to this, you should consider the future costs for if and when you come to sell the property i.e. the estate agent fees and capital gains tax. Estate agent fees are generally 5% or 6% of the sale price – again, a lot compared to the UK, but unavoidable if you want the best agents with the biggest client-base working to sell your property.

There is, however, a very important factor that mitigates significantly against these costs – many of these costs can be offset against the tax you are liable for on any capital gain you make when you come to sell.

Specifically, all of the buying costs including taxes and legal costs can be offset against capital gains tax. So can the estate agent fees on sale of the property.

It is also possible to offset the costs of substantial home improvements. This would not apply to simple redecorating but an extension or refurbishment is likely to quality.

The capital gains tax rate for non residents is now the same as for residents at 18%, so more or less in line with the UK. All-in-all, if buying, selling and any improvement costs are offset against this as above, the cost of buying and selling property in Mallorca is probably about the same, or slightly less, than in the UK.

In order to do this it is essential that you keep invoices and receipts for all payments. This is also another reason to have good tax advisor as they will be able to tell you exactly which costs you can offset and which you cannot. They will stand far more chance of saving you money if you speak to them at the outset when you purchase your property rather than as an afterthought when you come to sell it.

≈ See more on tax advisors and accountants in Mallorca

≈ See more on the buying process and associated costs

≈ Capital gains tax in Mallorca

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