*} Portal Reu Buscador de propiedades de Mallorca. Club Real Estates United.

House sales soar 42% in the Balearic Islands

Thursday, 21 April, 2022

n the second month of the year, 1,416 homes changed hands in the archipelago.
In Spain, home sales and purchases increased by 24% compared to a year earlier and for the twelfth consecutive month, to 56,623 units, the highest figure for a month in almost 14 years (since April 2008).
Home sales in the Balearic Islands increased by 42% in February (1,416 homes), compared to the same month last year, according to INE data. In Spain, home sales and purchases registered in the property registries in February increased by 24% compared to a year earlier and for the twelfth consecutive month, up to 56,623 units, the highest figure in a month in almost 14 years (since April 2008).
According to the National Statistics Institute (INE), 1.8% more homes were registered in February than in January, which means 5.8 points less than between the second and the first month of the previous year.
In the cumulative January-February sales and purchases increased by 27.4% compared to the same period in 2021.
20.4% of the homes transferred by sale and purchase in February were new (10,921 units). This sector accumulated 16 months of upward growth, although with the lowest rate of increase since January of last year.
Of the homes sold in February, 79.6% were pre-owned (42,702 homes), a figure that had not been recorded since May 2007, almost 15 years ago.
The number of transactions on new homes rose by 9.2% compared to February 2021, and that of pre-owned homes, by 28.4%.
The autonomous communities with the highest year-on-year increases in the number of home sales and purchases in February were the Canary Islands (up 52.2%), La Rioja (46.3%) and the Balearic Islands (42.2%). On the other hand, the smallest increases were in Asturias (8% more) and Galicia (8.8%), with Navarra as the only region with a negative rate (4.6% less in February).
 

The 'Financial Times' puts sa Pobla on the map of Majorcan luxury estates

Wednesday, 15 June, 2022

The brainy Financial Times has just put Sa Pobla on the real estate map of Majorcan luxury estates. The world-renowned economic newspaper dedicated two pages to Mallorca in its highly-rated edition last Sunday, under the heading “Where the hills meet the sea”. No, it is not about the adaptation of the balcony to natural spaces, perfected this week on the island.

...

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The demand for buying flats exceeds for the first time that of renting

Wednesday, 01 June, 2022

For the first time, the demand for home purchase has exceeded the demand for flats for rent on the Fotocasa portal. In 2022, the demand to buy a home represents 50% of the market, compared to 38% looking for a rental. The remaining 12% search simultaneously in both markets. This is one of the main conclusions of the Fotocasa Research report 'Radiography of the housing market in 2021-2022'...

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REU in now Portalreu.com

Monday, 16 May, 2022

Being consistent with our great progress as a public property portal and in accordance with SEO and SEM standards, we have changed the access domain to REU.
Now it is: www.portalreu.com Much easier to remember!

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Thursday, 21 April, 2022

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The purchase of housing by foreigners sweeps the Balearic Islands

Thursday, 21 April, 2022

Foreigners are rushing to buy homes in the Balearic Islands. According to data from the General Council of Notaries published, sales to the public from outside Spain soared 81.5 percent in the second half of 2021, making the archipelago the leading community in this respect.
Regarding average home prices, in the Balearic Islands they grew by 9.3 percent in the second half of 2021, to...

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The reference value of the Cadastre, Law 11/2021 on measures to prevent and fight against fraud

Monday, 28 February, 2022

his law came into force on July 11, 2021 but it was not applied until January 1, 2022 that the new reference value of the cadastre is applied, this being the tax base for taxes such as ITP, inheritance tax or donations.
It is no longer the real value of a property that determines the taxable base of these taxes, but its market value, which is determined from the real estate reference...

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Compensation for termination of the lease Art. 34 of the LAU.

Monday, 28 February, 2022

«BOE» no. 282, of 11/25/1994. Law 29/1994. of November 24, of Urban Leases
Entry into force:
01/01/1995
Article 34. Compensation to the tenant.
The termination due to the expiration of the conventional term of the lease of a farm in which during the last five years a commercial activity of sale to the public has been carried out, will give the lessee...

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Holiday rental licenses in the Balearic Islands.

Monday, 28 February, 2022

On Friday, February 18, the Balearic Government issued Decree Law 3/2022, of February 11, on urgent measures for the sustainability and circularity of tourism in the Balearic Islands, in which, among many measures, there is a moratorium or prohibition of new tourist accommodation places during the next four years.
In the first additional provision, the suspension of the acquisition of...

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"If Palma limits the rental price, a part will be paid with black money"

Thursday, 17 February, 2022

Palma City Council's claim to promote effective control of housing rental prices creates the risk of promoting the circulation of black money in the real estate market. This is how the employers' organization Pimem considers it, and it does so by appealing to a specific case: if the maximum amount that the owner can charge his tenant is 900 euros, there will be situations, according to...

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The sale of homes in the Balearic Islands returns to the figures prior to the 2008 crisis

Friday, 28 January, 2022

The Balearic property market is undergoing a revolution in many ways. While only 1% of rental homes in Palma fall below 600 euros, the sale of homes registered its best month of November since 2007, with figures close to the years prior to the global crisis. In the eleventh month of 2021, the Islands recorded 1,496 operations to buy and sell homes. Compared to the same month a year ago,...

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