Living Moments - N°2 Edition 2014

7TaTYR 8ZXPY_^ Edition 2 · 2014 164 prognosis, the real estate transaction figures of 2014 will be higher than in the previous years. Another decrease of sales figures and real estate prices is not to be expected, bringing with it a stabilisation of the price and even allowing for price increases in some high-end new building projects in the prime locations of the island. For the year 2014 and the following years, we expect another considerable relaxation and positive trend of the real estate market in Mallorca be- cause, as well as the aforementioned facts, the tax omission for exclusive yachts as well as the development of air connections from and to Mallorca from international cities, will have positive effects. Taxwise, Mallorca also seems to become more and more attractive for real estate buyers. In this respect, new abolitions of the obligatory capital tax for non-residential real estate investors with real estate or capital invest- ment of more than 500,000 euros are expected in the midterm. When this will be is not clear. However, the general opinion is that, an abolition of the capital taxes would substantially boost the business activity on the Balearic Islands, thus enticing international investors to come to Mallorca. An overview of the prime locations on the Island: The southwest of Mallorca, with its natural harbour around Puerto de Andratx, is nearly untouched by mass tourism and is a hotspot not only for many celebrities from politics, the econ- omy and show business inMallorca. Based on the fact that only a few premium hotels opened here during the boom times of the tourism develop- ment by big hotel chains and mass food outlets in the 1970s and 1980s, this Mallorcan region is very popular and much-coveted by an interna- tional target group with high standards, who are planning or already own their secondary or holiday residence on this beautiful sunny island. The harbour region of Puerto de Andratx is sepa- rated into twelve different urbanisations and sub-zones with completely different price structures, which has had considerable influence on the trade and sale of properties. It ranges from an average 750 euros per square metre in less sought after locations with suboptimal alignments to the sun and views, up to 1,800 euros per square metre in absolute prime locations such as La Mola, Cala Marmacen, Mont Port and Las Brisas. The current refurbishment project in the commu- nity of Andratx for the entire area around the harbour and the targeted renewal of road surfaces, water and sewage pipes, state-of-the-art tele- communication technology, as well as road lighting, is supposed to be finished in the coming two years. Another decisive upgrading of all the properties in the entire harbour area is to be expected. Palma and the international airport can be reached quickly and easily from all of the holiday regions in the southwest of the island. Another plus is the infrastructure which operates throughout the year. International schools, exclusive boutiques in the harbour of Puerto Portals, as well as Palma’s historic city, many other shopping facilities and cultural highlights throughout the year with a great diversity and Mediterranean ambience speak for the excel- lently developed southwest of Mallorca compared to the other seasonal regions on the island. Luxury is not imposed on you in this part of the island and is discreetly enjoyed by international and local residents. Quality real estate in prime locations of the southwest are primarily offered in the high price segment.New luxurymansionswith stunning ocean views, apartments on the lively harbours, or right by the popular golf courses in the south- west, are determining criteria for the stability of the value and price of smart real estate invest- ments and should be taken into account before- hand by choosing the right location. In the last 18 months, some of the extremely exclusive luxury estates were sold in Puerto de Andratx in the price segment of more than five million euros. The squaremetre prices at more than 23,000 euros, in their entirety, have hereby set new standards on the island and show that confidence in the stable value of Mallorcan properties in prime locations has returned to the buyer’s market. Für alle Ferienorte im Süd- westen der Insel gilt die perfekte und kurze Anbin- dung an Palma und den internationalen Flughafen dort.Ein weiteres Plus ist die ganzjährige, sehr gut funk- tionierende Infrastruktur Palma and the international airport can be reached quickly and easily from all of the holiday regions in the southwest of the island. Another plus is the infrastructure which operates throughout the year