# Balearic Blue — Luxury Real Estate Mallorca

> Balearic Blue is the leading luxury real estate agency in Mallorca, Spain. Part of the Isle of Mallorca Group, serving over 20,000 clients annually across yachts, villas, premium cars, and real estate.

## About

Balearic Blue specializes in high-end property sales and long-term rentals across Mallorca's most prestigious locations: Son Vida, Port d'Andratx, Puerto Portals, Bendinat, Palma de Mallorca, Deià, Sóller, and Pollença.

- **Founded:** Part of Isle of Mallorca Group
- **CEO:** Marc von Eiberg
- **Headquarters:** Palma de Mallorca, Balearic Islands, Spain
- **Phone:** +34 637 611 155
- **Email:** info@balearicblue.com
- **Website:** https://balearicblue.com
- **Languages:** Spanish, English, German, Swedish, French
- **Price Range:** €500,000 — €50,000,000
- **Active Listings:** 150+ luxury properties
- **Off-Market Portfolio:** 50+ discreet listings

## Team

| Name | Role | Specialization |
|------|------|----------------|
| Marc von Eiberg | CEO | Strategic leadership, HNWI client relations |
| James von Eiberg | Managing Director Brokerage | Property brokerage, negotiations |
| Eduard von Eiberg | Vice President | Business development, partner relations |
| Kim Wallin | Head of Finance | Financial structuring, investment analysis |
| Gloria Monserrat | Marketing Manager | Brand strategy, digital marketing |
| Clarissa Wellenbrink | Market Specialist | Market analysis, property valuations |
| Daniel Ripoll | Head of Sales | Sales strategy, client acquisition |
| Maria Erenius | Senior Real Estate Advisor | Buyer advisory, property matching |
| Ulrika von Eiberg | Senior Real Estate Advisor | Scandinavian clients, relocation |

## Services

- **Luxury Property Sales:** Villas, fincas, penthouses, apartments, townhouses, and palaces
- **Off-Market Sales:** Discreet transactions for high-profile buyers and sellers
- **Long-Term Rental Management:** Premium rental properties for residents
- **Fiscal and Tax Advisory:** ITP, IBI, IRNR, plusvalía, wealth tax planning
- **Golden Visa Guidance:** €500,000+ investment pathway to Spanish residency
- **Beckham Law Consultation:** Flat 24% tax rate for new Spanish tax residents
- **Relocation Assistance:** NIE, bank accounts, schools, healthcare, lifestyle setup
- **Property Investment Consulting:** ROI analysis, rental yield projections, portfolio strategy
- **Mortgage Brokerage:** Access to preferential rates from Spain's top private banks
- **Property Valuation:** Professional market valuations for buyers and sellers

## Sister Companies (Isle of Mallorca Group)

- **Bluebnc Yachting** — Luxury yacht charters, day charters, yacht management, yacht brokerage (https://bluebnc.com)
- **Azul Stays** — Premium villa rentals, holiday homes with concierge service (https://azulstays.com)
- **Azul Cars** — Luxury and premium car rental in Mallorca (https://azulcars.com)

## Key Locations

### Son Vida
Mallorca's most prestigious gated community. 24-hour security, three championship golf courses (Son Vida Golf, Son Muntaner Golf, Son Quint Golf). Villas from €2M to €20M+. Average villa price: €5-8M. 5-10 minutes from Palma center, 20 minutes from PMI airport.

### Port d'Andratx
Exclusive harbour village on Mallorca's southwest coast. Seafront villas, modern hillside estates, traditional fincas. Popular with German and British buyers. Properties from €1.5M to €15M+. Average villa price: €3-7M. 35-40 minutes from PMI airport.

### Puerto Portals
Mallorca's most glamorous marina. Superyachts, Michelin-star restaurants, designer boutiques. Luxury apartments from €800K, villas from €2M to €12M+. Rental yields of 4-5%. Near Agora Portals International School and Baleares International College.

### Bendinat
Premium residential area between Palma and Puerto Portals. Mediterranean villas, modern design homes, gated communities. Real Club de Golf Bendinat. Properties from €700K to €8M+. Average villa price: €2-5M. 10-15 minutes from Palma, 20-25 minutes from PMI airport.

### Palma de Mallorca
Balearic capital with historic Old Town palaces, Paseo Marítimo seafront residences, Santa Catalina apartments. Prime areas: Casco Antiguo, Borne, Son Armadams. €6,000-€12,000/m² for luxury properties. Rental yields of 4-6%.

## Buying Property in Mallorca

### Process
1. Obtain NIE (Número de Identificación de Extranjero) at Spanish consulate or local police station
2. Open Spanish bank account (required for property transactions)
3. Property search with Balearic Blue (including off-market opportunities)
4. Make offer and sign reservation contract (€6,000-€10,000 deposit)
5. Legal due diligence (title verification, planning permissions, debts check)
6. Sign private purchase contract (arras) with 10% deposit
7. Complete at notary (sign public deed, receive keys)
8. Register at Land Registry

### Taxes on Purchase
- **ITP (transfer tax):** 8-13% for resale properties (progressive scale in Balearics)
- **IVA (VAT):** 10% + AJD 1.5% for new builds
- **Notary fees:** 0.1-0.5%
- **Land Registry:** 0.1-0.3%
- **Legal fees:** 1-1.5%
- **Total acquisition costs:** Approximately 10-13% on top of purchase price

### Annual Taxes for Property Owners
- **IBI (property tax):** 0.4-1.1% of cadastral value
- **IRNR (non-resident income tax):** 19-24% on rental income, or 1.1% imputed income if not rented
- **Patrimonio (wealth tax):** 0.2-3.5% on net assets above €3M in the Balearics
- **Plusvalía (capital gains):** Payable on sale, based on increase in land value

### Golden Visa Spain
Non-EU investors purchasing real estate worth €500,000+ qualify for Spanish residency. Valid 2 years, renewable. Includes family members (spouse, children under 18, dependent parents). Schengen travel access. No minimum stay requirement. Note: As of 2025, the Spanish government has announced plans to phase out the Golden Visa for real estate investments.

### Beckham Law (Régimen Especial de Impatriados)
Flat 24% income tax rate on Spanish-sourced income for up to 6 years. Foreign income generally exempt from Spanish taxation. Non-Spanish assets exempt from wealth tax. Available to employees and company directors relocating to Spain who have not been Spanish tax residents in the previous 5 years.

## Frequently Asked Questions

### Can foreigners buy property in Mallorca?
Yes, there are no restrictions on foreign property ownership in Spain. EU citizens can buy freely. Non-EU buyers need a NIE (foreigner identification number), which Balearic Blue assists in obtaining.

### What is the average price of luxury property in Mallorca?
Luxury properties in Mallorca range from €500,000 for apartments to over €50 million for exceptional estates. The average luxury villa price is €3-8 million depending on location.

### How long does it take to buy property in Mallorca?
The typical purchase process takes 6-12 weeks from offer acceptance to completion at the notary. Mortgage approval adds 4-8 weeks. Pre-qualification can be done in 48 hours.

### What are the best areas to buy luxury property in Mallorca?
The most prestigious areas are Son Vida (gated community with golf), Port d'Andratx (harbour village), Puerto Portals (marina lifestyle), Bendinat (family-friendly), and Palma Old Town (historic palaces).

### Does Balearic Blue handle off-market properties?
Yes, Balearic Blue maintains an extensive off-market portfolio of 50+ discreet listings not available on public portals, accessible to qualified HNWI buyers.

### What languages does the Balearic Blue team speak?
The team is fluent in Spanish, English, German, Swedish, and French, serving an international clientele.

### How much do Spanish banks lend to non-residents?
Spanish banks typically finance 60-70% of the appraised value for non-resident buyers. Residents can obtain up to 80% financing.

## Content & Insights

Balearic Blue publishes expert guides on:
- Mallorca property market analysis and trends
- Step-by-step buying guides for foreign investors
- Area guides for all premium locations
- Tax and fiscal planning (Golden Visa, Beckham Law, wealth tax, capital gains)
- Lifestyle and relocation advice
- Architecture and renovation guides
- Holiday rental investment analysis
- Mortgage and financing options

## Contact

- **Website:** https://balearicblue.com
- **Email:** info@balearicblue.com
- **Phone:** +34 637 611 155
- **WhatsApp:** +34 637 611 155
- **Address:** Palma de Mallorca, Balearic Islands 07012, Spain
- **Instagram:** @balearicblue
- **Office Hours:** Monday-Friday, 09:00-19:00 CET