Mallorca property update 23rd May 2010

Here is our latest update with more properties that stand out as interesting opportunities. Overall the market is still rather choppy reflecting continuing global economic stress and an understandable uncertainty as to whether this is a wise time to buy. There is a view however that hard assets such as prime location real estate are now the most secure investments and some people are clearly targeting Mallorca as a place to buy in this respect.

This week we have properties from Puerto Andratx in the southwest, Pollensa and Puerto Pollensa in the north, and from Porto Colom in the southeast. All have a long-established demand that clearly marks them out as good locations to seek property deals that will go on to be solid investments. Hopefully there is something of interest to everyone, with prices in this weeks selection ranging from 299,000 Euros at the lower end to 1,900,000 at the high end.

New build apartments in Porto Colom, SE Mallorca

There are few developments around Porto Colom and few opportunities to build more, making this a rare opportunity to buy a holiday home in one of the most beautiful and unique coastal locations in Mallorca. From 299,000 Euros. see details

Traditional townhouse, Pollensa Old Town, N Mallorca

This 2 bedroom townhouse has been fully restored and is in a good location close to the centre of the town. On offer at a very competitive asking price of 330,000 Euros. see details

Front line apartment in Puerto Pollensa, N Mallorca

This is a front line apartment in one of the best locations in Puerto Pollensa, overlooking the marina and leading on to the Pine Walk. An exceptionally low offer price for this location, 440,000 Euros. see details

Beautifully reformed townhouse, Pollensa Old Town, N Mallorca

Another very nicely renovated 3 bed traditional townhouse in Pollensa Old Town. This one has been reduced from 495,000 to 450,000 Euros. see details

2-bedroom harbour-front apartment, Puerto Andratx, SW Mallorca

This property is in an absolutely prime location right on the harbour front in Puerto Andratx. The property was 789,000 Euros and has now been reduced to 595,000 Euros. An outstanding opportunity. see details

Charming 5 bed country house in Felanitx, SE Mallorca

A lovely country home in a very beautiful part of Mallorca. Originally 997,000 Euros, the property has been reduced substantially to 695,000 Euros, a low price relative to comparable properties in this area. see details

Four bedroom country house, Pollensa, N Mallorca

This is a substantial county property with lovely gardens and a super pool area, on offer for 790,000 Euros. With some simple updating this will be a prime Pollensa country house with considerably higher value potential. see details

Recently built country house in Pollensa, N Mallorca

A classically styled new build country house. The property is conveniently located between Puerto Pollensa and the Old Town. An excellent opportunity, reduced from 1,150,000 to 995,000 Euros. see details

Seven bedroom villa with views over Puerto Andratx, SW Mallorca

It is unusual to find a property of this size in Puerto Andratx, particularly with views over the harbour and to the sea. A good family holiday home opportunity and investment prospect. Asking price 1,900,000 Euros. see details

Please get in touch if you want any more information on these properties or if you have questions regarding the market in Mallorca. I look forward to hearing, have a good weekend.

Kind regards

Mallorca Property Partners