1. Minkner & Partner News - Mallorca Property

1. Minkner & Partner News
a) Do you want to rent out your property or do you want to rent a property?
As we have already commented in our last Newsletter, Minkner & Partner has restructured their rental dept. Please find
below the relevant information:
(1) In future we will only offer specific rental properties, namely penthouses and luxury apartments with sea view, villas
and country houses, such properties as our international clients require.
(2) Our rental dept covers only regions I, II, III and IV. These areas will be attended to by the following members of
staff:
Zone I - Southwest Mallorca & Palma: Ivana del Toro, +34 971 695 255 (Main office Santa Ponsa)
Zone II - West Mallorca: Matthias Neumann, +34 971 671 250 (Pto. Andratx office)
Zone III - Mallorca south: Mark Roeschl, +34 971 66 29 29 (Llucmajor office)
Zone IV - South east Mallorca: Taleke Timmler, +34 971 642 254 (Santanyi office)
Map: Minkner & Partners work regions - Mallorca:
Exclusive 6 bedrooms comfort villa with sensational sea views fo rent
COSTA DE LA CALMA - Ref. M10244 - Rental price: € 5.000 (unfurnished) - Tel. +34 971 695 255

) Current Spanish real estate tax information now available on our website www.minkner.com
As is known last year various changes were made to the Spanish tax laws, that affect the acquisition, sale and ownership
of property in Mallorca such as VAT, real estate transfer tax, property tax, stamp duty, income tax and wealth tax. Now
you can read up on the changes on our website www.minkner.com in our newly revised tax section which shows all new
tax rates applicable as from January 1 st 2013.
2. Mallorca – Construction, Economy laws and taxes
(1) Construction
a) Palma: Hostal Cuba in Santa Catalina - change of ownership
The unique Hostal Cuba on the corner of Avda. Argentina with Sant Magi, renovation of which commenced a few years
ago, has changed ownership. The new owner is the Catalan Jordi Planella, who has many years experience in the hotel
trade and wants to complete the renovation and turn the property into a 4 star hotel with 15 rooms. The Hostal Cuba
was built by Rafael Juan Roca, a Mallorcan who went to Cuba, prospered there and then returned to Palma. It was
originally a private residence and in the 1930’s was converted into a hostel.
b) Development plan for Es Jonquet will be carried out
The Es Jonquet quarter of Palma that sits above the Paseo Maritimo, is not a particularly attractive area but that will soon
change with the new development plan. The two windmills Nom de Deu and d’en Garleta, which are in a pitiful state, will
be renovated and used as restaurants or for residential purposes. A 1,400 m² building with an underground garage for
1,000 vehicles will be located on a plot below the Terra I Mar theatre. Originally the idea was to build a shopping centre
there, however this was rejected and instead there will be apartments.
(2) Economy
Charming natural stone 5 bedrooms finca with swimming pool and guest house for rent
CALVIÀ - Ref. M10274 - Rental price: € 6.000 (furnished) - Tel. +34 971 695 255
a) Tourism final figures for 2012 published
The market research company Frontur have published the final tourist figures for 2012 and the Balearics show an
increase of 3 % over 2011. A total of 10, 4 million tourists came to the Balearics. Cataluña and the Balearics are the most
popular tourist destinations in Spain. The majority of tourists are from Germany, UK, Scandinavia, Russia and the
Ukraine.
Newly built villa with beautiful views and swimming pool close to Santanyi
CALA SANTANYI - Ref. 6382 - Price: € 1.550.000 - Tel. +34 971 64 22 54

Modern luxury villa with spectacular views in front line with private sea access
b) Mercadona to encourage innovative business ventures
The head of the supermarket chain Mercadona, Juan Roig has, under the title "Lanzadera" launched a private economic
development programme aimed at encouraging young, innovative companies. Each year up to 15 companies will be
selected to receive a grant up to a total of € 200,000. Roig will support companies that want to build a sustainable,
productive and socially sound business and at the same time encourage them to overcome existing difficulties.
Applications can be made until 31 March 2013. Details of the programme are available at www.lanzadera.es
c) Discounts for domestic travel will be abolished or reduced
Balearic residents, as is known, are entitled to a 50 % reduction on the price of flight tickets for domestic flights.
Negotiations are underway at the moment between the central government and the Balearic government to substantially
reduce or abolish this discount. The present situation with negotiations is that a flat rate reduction will be abolished and
that subsidies will be decided according to the length of the journey.
(3) The law, taxes and finance
SANTA PONSA - Ref. 6512 - Price: € 6.950.000 - Tel. +34 971 695 255
a) "I can tell you how quickly you will become poor?" - Presentation of the ARD journalist Frank Lehmann on 17/02/2013
Economics journalist for ARD Frank Lehmann has commented for years on the international stock markets. "I can tell you
how quickly you will become poor," quips Lehmann and he informs us, with his wealth of experience spiced with
anecdotes, about the situation of the financial markets. The presentation and subsequent discussion will be held on
17.02.2013, 17:00 - admission € 18:00. From 16.00 h coffee and cake for € 5, after the seminar menu for 24 €.
Reservations: Son Baulo, +34 971 524 206, see also www.son-baulo.com
b) Renovated and refurbished buildings: when do I pay VAT and when do I pay real estate transfer tax ?
When re-selling a renovated property it is not necessary to pay real estate transfer tax, however 10 % VAT is payable
renovation for tax purposes is only applicable when:
a) It is a residential property
b) Renovation work is less than 25 % of the market value or at the start of the work the market value of the property is
equivalent only to that of the land.
c) More than 50 % of the work serves to consolidate or treat structural elements, facades, walls, or certain expansion or
improvement measures.
Modern villa with sea view close to Cala Santanyi
CALA SANTANYI - Ref. 6818 - Price: € 1.850.000 - Tel. +34 971 64 22 54

3. Minkner Art Gallery & Culture
a) Stevan Popovski, Diego Arango Arango, Hanne Holze, Otto Quirin – the naive send their regards
Originally naïve art was a group of untrained people who presented their dreams of an ideal world. Most of their works
represented rural life, but from this a modern art movement has developed which is identified by a childish
representation. The Minkner & Partner art gallery has put together an exhibition of four international artists. Stevan
Popovski is an internationally renowned representative of this style an ex Yugoslavian from the Generalic School. He
represents scenes of life from his native country. Diego Arango Arango was born in Columbia but has lived on Mallorca
since 1988. He paints in a naïve style that brings together symbols and dreamlike images. On the current art scene he is
classed as the "sophisticated naïve artist". Hanne Holze has lived on Mallorca since 1998. She observes people and
parodies them in her paintings- always positive, benevolent, loving and carefree characters that are perfectly rotund with
sometimes strange anatomies. Last but not least Otto Quirin. He is regarded as one of the most important
representatives of lyrical abstraction; but he can also paint other ambiences. In his atelier in Blanes, Gerona he paints
beach scenes that he has observed, and they are always so naïve and cheerful
b) Antonio Falco ‚ Southeast Mallorca‘ – exhibition in the Minkner & Partner townhouse in Santanyi
Antonio Falco is one of the most famous landscape painters in Spain and his works can be found in various museums and
private collections throughout Spain. In his work "The other Mallorca" he has painted some of the most beautiful places
on the island. 10 paintings from this series are exhibited in Minkner & Partners townhouse in Santanyi and are available
to view during normal office hours.
Minkner & Partner – Plaza Major, 9 – 07650 Santanyi, Tel. +34 971 642 254
Exhibition dates: 01.01.2013 - 31.12.2013 - Opening hours: Mo. - Fr. 09.30h-18.30h, Sa. 09.30h-14.00h
c) Prof. Jürgen Wölke: Poetic Platform–Assemblage-Exhibition -Minkner & Partner’s Santa Maria office
The late artist Jürgen Wölke, who died 3 years ago, was the undisputed master of material images - known in jargon as
"Assemblage". He performed originally on the war torn walls of Berlin. He depicted popular subjects such as shops,
workshops, Berlin bars and scenes from different professions. Thus he created memorable moments and a historical
documentation of a period in time. The senate of Berlin at that time bought several of Wölke’s works and gave them as
gifts to international state visitors. For this reason many of Wölke’s works can be found in several private collections and
international museums. The last creative years of his life Wölke travelled between Berlin and Palma where he ran a
studio. In which assemblages of the battered facades of Palma’s old town are to be found. Edith and Lutz Minkner have
several of the artist’s works in their collection some of which will be exhibited in their office in Santa Maria.
Minkner & Partner – Plaza Hostals, 8 – 07320 Santa Maria del Cami, Tel. +34 971 620 138
Exhibition dates: 01.01.2013 - 31.12.2013 - Opening hours: Mo. - Fr. 09.30h-18.30h, Sa. 09.30h-14.00h
Luxury frontline villa with spectacular sea and panormaic views
LLUCMAJOR - Ref. 7012 - Price: € 2.850.000 - Tel. +34 971 66 29 29

4. Events and Tips
9th February 2013 –Mallorca-Heute invite you ‚ to ‘travel on the almond blossom express’
On 9 th February the Mallorca-Heute magazine invites you to travel on board the Almond Blossom Express a small train,
which will make its way round Santa Maria through the almond trees and vineyards and on to a private finca owned by
the Panades family, to whom the small train belongs. A buffet with typical food from the countryside and wine will be
awaiting all participants. 09.02.2013 11.00 am Almond Blossom Express, Fee € 35. Reservations: +34 971 254 217 (Tues
to Fri. 10:00 – 14:00 h) or office@mallorca-heute.es
b) 10th February 2013, Manfred Kullmann Trio in the Son Baulo cultural centre Lloret de Vistalegre
Always a welcome guest to the Son Baulo cultural centre is the Manfred Kullmann trio (Manfred Kullmann, piano, Toni
Cuenca – bass and Julain Vaughan – drums) and they will be back to perform on 10 th February. Amongst other themes
they will also perform works by Kullmann the ‘Symphonic Fantasy’. 10.02.2013, 17:00 h, Manfred Kullmann trio Son
Baulo, Lloret de Vistalegre, concert admission € 15.00. Intermission - coffee and cake € 5, after the concert, 5-course
menu € 24. Reservations: +34 971 524 206, www.son-baulo.com
c) Golf on Mallorca two for the price of one – with Mallorca Golf card 2013
Once again Mallorca golf card offers golfers the opportunity to take advantage of their offers. For just € 99 including VAT,
golfers will receive 14 vouchers with which they can play on 14 different golf courses with a 2 for 1 offer. Therefore two
people can play together and pay just one green fee. There is also a discount of 10% on the normal golf fee with partner
clubs. There are also further advantages in catering with partner clubs. Altogher Mallorca Golf card can save you up to €
1,000. More details: www.mallorca-golfcard.de
5. Edition Notice
Modern country house on 15.000m² of land in a rural residential area
MANACOR - Ref. 4951 - Price: € 700.000 - Tel. +34 971 64 22 54
The „Newsletter of Minkner & Partner S.L.“ is published fortnightly. As a client of Minkner & Partner PROFI KONZEPT S.L.
you receive it via E-Mail. Responsible in terms of Press Law is Dipl. Jur., Ass. jur. Lutz Minkner, c/o Minkner & Partner
S.L., Avda. Rey Jaime I, 109 – 07180 Santa Ponsa, Phone: +34 971 695 255, info@minkner.com, www.minkner.com and
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