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ENERGY CERTIFICATES IN SPAIN

Energy certificates for property in Mallorca and rest of Spain mandatory starting 01.07.2013. As of 01.07.2013, all property owners are required to obtain an energy certificate on their asset prior to sale (or long term rental).

A notary will not perform any property transactions without this document which will form part of the “Escritura Publica”. Only Mallorca is also required to have this information, along with up-to-date registry and tax documents prior to marketing. Specially qualified architects, surveyors, industrial engineers and official energy efficiency surveyors will be able to provide this.

How much these documents will cost seems to vary, depending on Location, Type and m2, with figures ranging from approximately 400€ up to 1500€. The certificates are valid for 10 years. How these measures will be implemented is not known, considering the number of properties for sale. The reports will cover areas such as boilers, glass thickness, roof insulation etc. It will also carry recommendations on how to improve efficiency. El “certificado de eficiencia energética” as it is known is Spanish, will not apply to new build properties as they have energy certificates since 2008.

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ONLY MALLORCA MARKET REPORT 2012

2012 has been a turbulent year so far shaped by political and socioeconomic changes throughout the globe. Political structures, the international financial system even currencies are being challenged at the same time there are some notable shift in the individual values system of many people. Solid Values such as friendship, family life, health consciousness and well-being are steadily gaining relevance. Quality time is the highest luxury.

MALLORCA IS A SYNONYM FOR QUALITY OF LIFE:

A beautiful Island located in the Mediterranean Sea, no more than 2 hours flight time from major European metropolis, modern infrastructure, gourmet gastronomy and amazing nature. 300 hours of sunshine on average each year, ideal for sunbathing as well as picturesque mountain villages and one of the largest fully preserved old town in the world to be experienced during the few rainy days.

MALLORCA IS SOLID:

According to the Spanish ministry of economy the Balearic Islands will be the first Spanish province to overcome the economic crisis. Although real estate prices have dropped by approx. 20% since the beginning of the crisis in 2008, values of holiday homes in good locations have declined only marginally. Properties in prime locations still today achieve prices above 12.000,- EUR per m2 built. Especially due to the shortage of new built properties in the southwest of Mallorca and in the area of Puerto Andratx prices have been steady and the financial press has featured Mallorca several times in 2012 as a safe harbor for real estate investments on a global scale.

We are a new independent real estate company set to launch in 2013 and ready to “push the envelope”. We embrace the digital age while maintaining a close personal connection with our clients, enabled and enhanced by technology. We explore new ways and constantly challenge established processes and strategies in order to improve and optimize them, always in your best interest. We know that you are our most valuable asset.