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Mallorca property market still hot

In the last past months Mallorca Properties reported an increase in sales and the average selling price compared to the first months of 2011 with more sales of residential properties than new build properties. In areas like Andratx, Santa Ponsa and Camp de Mar, the number of real estate transactions have experimented 24% more than […]

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Spanish Euribor decreases in September

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. […]

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Park Hyatt Cap Vermell Project to be constructed

The Persian Gulf petro-dollars of land in Capdepera. Expected opening in 2014. The plot of 50,000 m2 is urban, but it is next to a ANEI and requires either a modification of the Natural Areas Act or a regional general interest. One of the first projects that will process the government by way of urgency […]

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Mallorca Lifestyle Properties for €195.000

Brand new apartments for sale with harbour views in Mallorca . Price Starting from 195.000 Euro New build apartments situated in the exclusive resort of  Cala d’Or, in the  South-East coast of Mallorca, very close to the glamorous Marina de Cala D’Or, one of the best known marinas on the Balearic Islands. Cala d’Or is […]

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Concrete Modular Villas in Mallorca : A new concept for modern architecture.

This revolutionary villas are constructed with concrete roofs, walls and floors. Alternatively the developer offers wooden fllors and painted walls.   Modular Houses in Mallorca ? The villas have been designed by a prestigious architect following the strongest building regulations. The prices have been adjusted to the lowest possible with no intermediates involved in the […]

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Property tax on new properties (IVA) reduced to 4%

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 […]

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