Mallorca Money Notes

Exchange Rates & Asking Prices

On our listings pages, the first mentioned price is the actual asking price of the business and the currency in which it is to be sold in.

The following sterling or euro equivalents are approx exchange rates quoted at the time of listing and are as a reference guide only.

idyllic views from some of the excellent restaurants throughout
Mallorca Relax around the harbors in Mallorca, Spain

 

Large lemons at a lemon tree near Fornalutx and Soller, mallorca,
Spain One of the many beautiful beaches in Tenerife

 

Rental Amounts

The rental figures quoted are the current amounts paid to the landlords excluding IVA (VAT equivalent) @ 21%.

It is important to note the rent could be subject to increase upon the transfer of a business (as per the laws of Spain). Not all landlords do this, but best to allow for a 10 to 15% increase just in case.

Once a new lease contract has been confirmed, the rent can then only be increased throughout the whole term by the official cost of living index as published by the authorities each year.