Mallorca property update - 7th November 2010

Here is our latest Mallorca property update. The market here was busy throughout October. Most likely this is the seasonal factor coming into play, with late September, October and early November usually being the time of year when the largest range of properties is available and owners likely to be most flexible on prices.

December and early January are normally quieter, as the focus is on Christmas and New Year festivities. By the same token, these months are also good times to search for and buy property. Underlying all this, it is still very much a buyers market and there will be more on this in our 4th quarter market update which should be online later this week.

In advance of this, here is something to consider regarding the pricing of properties in the current market. I have often commented that each property needs to be judged on a case-by-case basis due to there being a greater-than-usual variance in how realistically / competitively individual owners set their asking prices and how flexible they might be in negotiations. Judging opportunities on the asking price can be misleading - a property might be priced relatively high but have a lot of scope for negotiation. A similar property close by might have a lower asking price but have very little negotiating scope.

Ideally I would indicate both the asking price and the negotiating scope for each property, but that is not possible. Sometimes we have an accurate idea of what the lowest price could be, sometimes not. But all the properties listed on our blog have the potential to be a good investment and, if you are using our service actively to search for properties, we will give you all the relevant background information to help you judge each opportunity. We will also relate this to other comparable properties and take into account all the other factors that might influence each property's value, so you can be more confident you are working with realistic figures in any negotiations.

Moving on to this weeks selection, they range from 240,000 Euros for some good value apartments in Pollensa, to 1,600,000 Euros for a country house with two guest casitas, also in Pollensa. As noted above, they are listed with the official asking prices so, if any are of real interest, get in touch and we can discuss in more detail.

Luxury 2-bed apartment in high quality community, Nova Santa Ponsa

Apartment in one of the prime location communities of Nova Santa Ponsa. Realistically priced at 350,000 Euros. see details

Price reduction: Las Abubillas townhouse, prime Southwest Mallorca community

Las Abubillas is recognised as one of the prime developments for community villas and townhouses in Mallorca. This property is a very nice townhouse with private garden. The price has been reduced from 585,000 to 550,0000 Euros. see details

Villa for sale, Las Abubillas, Nova Santa Ponsa

Another Las Abubillas property, this one is a detached villa with an asking price of 695,000 Euros. see details

Stunning traditional town house for sale, S'Arraco, Andratx

Traditional townhouse renovated to an exceptional standard. Priced realistically to sell at 550,000 Euros (was 695,000). see details

Newly-built apartment for sale, Pollensa Old Town

Moving up to the North Coast, this newly built property has a large roof terrace and is located just a few minutes from Pollensa's town square. Priced at 240,000 Euros. see details

Price reduction: spacious apartment with mountain views, Pollensa Old Town

This property has now been reduced from 290.000 Euros to 240.000 Euros making it exceptional value for a good 2-bed apartment in Pollensa. see details

3-bedroom apartment for sale, Pollensa Old Town

This spacious apartment was built recently in Pollensa Old Town. Realistically priced at 249,000, an ideal lock-up-and-leave property or permanent home. see details

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Luxury ground floor apartment for sale, Puerto Pollensa

A top spec' ground floor apartment within walking distance of the town centre and beach of Puerto Pollensa. Asking price 400,000 Euros. see details

Renovated country house for sale in prime location, Pollensa

7-bed country house in La Font, a prime location adjacent to Pollensa Old Town. Renovated to a high standard, the property has lovely gardens and two self-contained guest casitas. Asking price 1,600,000 Euros. see details

Very good value opportunity, recently built country house for sale, Alaro

The final two properties are in Alaro in the foothills of the Tramuntana Mountains. Alaro has a lot to offer including stunning scenery as well as easy access to Palma and other parts of the island. This property has a pool and mountain views. Price: 1,050,000 Euros, open to offers for a quick sale. see details



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Recently built traditional styled finca, Alaro

Another high quality country house with lots of living space, lovely gardens, a pool and wonderful mountain views. The asking price is 1,500,000 Euros but offers will be considered for a quick sale. see details

There is one other outstanding opportunity I would like to highlight - a luxury penthouse in Los Jardines de Portogolf, a prime frontline development close to Port Adriano in Nova Santa Ponsa. It is a spacious 2-bed with large roof terrace, BBQ and excellent sea views. The community has exceptional gardens and pool areas. The asking price is 750,000 Euros - it can potentially be bought for considerably less.

Please get in touch if you would like more information on any of these properties or have questions regarding the market in Mallorca. My contact details are at the bottom of this newsletter. I look forward to hearing from you, have a good weekend.

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Mallorca Property Partners

4-bed apartment with large roof terrace, Puerto Pollensa, North Mallorca

This is a perfect apartment for someone wanting private outdoor space for BBQ’s and sunbathing. Recently reduced from 510,000 Euros to a very competitive 420,000.

Ref: PTP1922

Location: Puerto Pollensa, N Mallorca

Type of property: Apartment

Bedrooms: 4

Bathrooms: 2

Living space: 171 m2

Price: 420,000 Euros

This apartment has a lot of terrace space so is ideal for someone looking for an easy-to-look-after holiday property but with good space for BBQ’s, outdoor dining and sunbathing.

For full details please see: 4-bed apartment with large roof terrace, Puerto Pollensa, North Mallorca

Very low price – 2 bed sea view apartment, Port Adriano, Southwest Mallorca

A 2 bed sea view apartment directly overlooking Port Adriano for just 250,000 Euros. An exceptional opportunity for someone looking for a holiday or semi-permanent home close to the port on a limited budget.

Ref: 34054c

Location: Port Adriano, SW Mallorca

Type of property: Apartment

Bedrooms: 2

Bathrooms: 1

Living space: 60 m2

Price: 250,000 Euros

For full details plese see: 2 bed sea view apartment, Port Adriano, Southwest Mallorca

5 bedroom sea view villa for sale, Nova Santa Ponsa, Southwest Mallorca

This is a keen asking price for a 5 bedroom sea view villa in Nova Santa Ponsa, one of the prime locations on Mallorca’s southwest coast. 1,265,000 Euros.

Ref: 11382a

Location: Nova Santa Ponsa

Type of property: Villa

Bedrooms: 5

Bathrooms: 5

Plot Size: 1,014 m2

Living space: 340 m2

Price: 1,265,000 Euros

Sea view villa for sale in Nova Santa Ponsa one of the prime locations on the southwest coast of Mallorca. The area has plenty to offer with its beaches, water sports, golf and many other sporting and leisure activities. Palma de Mallorca and the airport are an easy 25 to 30 minutes drive away.

For full details please see: 5 bedroom sea view villa for sale, Nova Santa Ponsa, Southwest Mallorca

Spacious 3 bed apartment with views over Port Adriano, Southwest Mallorca

A front line sea view apartment directly overlooking Port Adriano one of the prime investment locations in Mallorca. 455,000 Euros.

Ref: 33015zc

Location: Port Adriano, SW Mallorca

Type of property: Apartment

Bedrooms: 3

Bathrooms: 2

Living space: 138 m2

Price: 455,000 Euros

This apartment is located in El Toro, the residential area directly above Port Adriano, one of the most notable investment locations in Mallorca at present due to the expansion of the luxury yachting marina. The revamped marina is nearly complete and prices for properties in this immediate area are set to escalate.

For full details see : Spacious 3 bed apartment with views over Port Adriano, Southwest Mallorca

Luxury 4 bedroom new build villa for sale, close to Pollensa, North Mallorca

This is one of two newly built villas for sale, both with 4 beds, hi-spec’ infinity pools, luxury kitchens and fitments throughout, elevated positions and great views. Priced to sell at 1,050,000 and 950,000 Euros, an exceptional opportunity for an easy maintenance luxury family holiday home / rental investment.

Ref: POL4462a and POL4462b

Location: Subach, near Pollensa, N Mallorca

Type of property: Villa

Bedrooms: 4

Bathrooms: 4

Plot Size: 1,200 m2

Living space: 300 m2

Price: 950,000 / 1,050,000 Euros

For full details please see: Luxury 4 bedroom new build villa for sale, close to Pollensa, North Mallorca

Country house for sale in Son Toni, Pollensa, N. Mallorca

This property has been further reduced from and is now available at an asking price of 535,000 Euros. A seriously good opportunity for someone looking for a decent size country property and investment close to Pollensa.

Ref: POL4494

Location: Country house

Type of property: Country house

Bedrooms: 4

Bathrooms: 3

Plot Size: 2,000 m2

Living space: 226 m2

Price: 585,000 Euros

This property is a very nice country villa for sale in Son Toni, a leafy urbanisation in the foothills of the mountains. It is located just 10 minutes from Pollensa Old Town and a short drive further to Puerto Pollensa and some of the best beaches in Mallorca. This is an ideal location for a a couple or family aiming to live permanently / semi / permanently in Mallorca. Palma de Mallorca and the airport are around just 35 minutes easy drive.

The house comprises 4 double bedrooms, 2 with en suite bathrooms and 2 sharing a family bathroom; large lounge dining room, and a large fitted kitchen.

Please see here for full details : Country house for sale in Son Toni, Pollensa, N. Mallorca

Luxury country villa for sale at very attractive price, Pollensa, North Mallorca

This is a recently built villa constructed to a high standard and located a short drive from Pollensa Old Town, North Mallorca. The price has been reduced from Euro 1,500,000 to Euro 1,150,000 – a substantial reduction that would be difficult to match with such a property in this area.

Ref: POL4462

Location: Pollensa, North Mallorca

Type of property: Villa

Bedrooms: 4/5

Bathrooms: 4

Plot Size: 1,200 m2

Living space: 260 m2

Price: 1,150,000 Euros

This villa was built recently by a company renowned for the quality of their construction and designs. It is located in S’Ubach, a countryside urbanisation just under 10 minutes drive from Pollensa Old Town and not much further from Puerto Pollensa with its stunning coastline and great beaches. The area is one of the most sought-after in Mallorca and is just approximately 35/40 minutes easy drive from Palma de Mallorca and the airport. There are two well known golf courses in the area along with many other recreational facilities, restaurants and bars.

The property males the most out of modern design and building techniques and materials to offer a super living and entertaining space with plenty of light in all of its rooms. Set in its own gated landscaped garden, the fully air conditioned property has an infinity pool, barbecue area and mountain views.

For more information see : Luxury country villa for sale at very attractive price, Pollensa, North Mallorca

4 bedroom townhouse for sale with private pool, Puerto Pollensa, North Mallorca

This property has just been reduced from Euro 475,000. Located in the prime location of Boquer which is close to the Pinewalk, this is an exceptional price for a townhouse with a private pool in this area.

Ref: PTP2718

Location: Puerto Pollensa, N Mallorca

Type of property: townhouse

Bedrooms: 4

Bathrooms: 4

Living space: 180 m2

Price: 420,000 Euros

The property is in set just back from the well-known and sought-after Pinewalk in Puerto Pollensa. It is within easy reach of the shops, restaurants and fabulous beach. Puerto Pollensa is a prime location in North Mallorca, set in a stunning bay offering all types of water sports, and with beautiful scenery and countryside all around. The port is within easy reach of other popular destinations such as Formentor, and Cala de Sant Vicenc which are great day-trip destinations. One of the best-known old towns in Mallorca – Pollensa Old Town is a few minutes away, and Palma de Mallorca and the airport are easily reachable in around 45 minutes by car.

The property for sale is unusual in that is is a townhouse with private garden and pool – something that would not usually be achievable in this area at this price level.

For full details please see : 4 bedroom townhouse for sale with private pool, Puerto Pollensa, North Mallorca

Near-finished four bedroom villa for sale, Puerto Pollensa, N Mallorca

This villa property ha been reduced to a level that will sell fast. Previously 660,000 – now Euro 495,000. A great holiday home and rental opportunity. A finished value of Euro 725,000 would be conservative in the current market. Euro 850,000 to 900,000 would be realistic in a stronger market.

Ref: PTP4632

Location: Puerto Pollensa, N Mallorca

Type of property: Villa

Bedrooms: 4

Bathrooms: 4

Plot Size: 1,023 m2

Living space: 220 m2

Price: 495,000 Euros

Part-constructed and almost finished villa for sale in Puerto Pollensa , the main town on Mallorca’s north coast. This is a lively place with a great atmosphere and a mixture of holiday makers along with local and ex pat long-term residents. The are is renowned for its fabulous beaches and beautiful coastal and mountain scenery. Palma de Mallorca and Palma de Mallorca and the airport are roughly 45 minutes easy drive.

An exceptional opportunity - see here for full details : Near-finished four bedroom villa for sale, Puerto Pollensa, N Mallorca

New-build villa for sale in Cala Murada, Southeast Coast Mallorca

This villa development has been built by a substantial quality developer. It is located on the southeast coast, one of the most popular parts of Mallorca. At prices starting from Euro 271,000 these are an exceptional opportunity to buy a holiday villa in Mallorca.

Ref: CADCAM4387

Location: Cala Murada, Southeast Coast Mallorca

Type of property: Villa

Bedrooms: 3

Bathrooms: 2

Plot Size: 283 m2

Living space: 191 m2

Price: 271,400 Euros

New build detached 3 bedroom villas in Cala Murada on the Southeast Coast of Mallorca. This area has some of the best beaches and calas in Mallorca and consequently has become a popular place for holidays and in which to own a holiday home. Popular resorts such as Cala d’Or or within easy reach so there are many different things to do, although there are no high rise developments or hotels and much of the coastline is protected.

Click here for full details : New-build villa for sale in Cala Murada, Southeast Coast Mallorca

Traditional Pollensa townhouse for sale at reduced price

This is a comfortable traditional property with potential to improve including extending the living space and making a roof terrace. Reduced from 360,000 Euros to 295,000.

Ref: POL2751

Location: Pollensa, North Mallorca

Type of property: Traditional townhouse

Bedrooms: 2

Bathrooms: 1

Constructed: 90 m2

Price: 295,000 Euros

Traditional townhouse property for sale in Pollensa Old Town, North Mallorca. This is one of the prime locations for townhouses and this one offers the opportunity to obtain a property that is comfortable as it is, and also has the potential for some simple modernisation and extension to include a roof terrace. At this reduced asking price this makes the property an interesting investment prospect.

See full details : Traditional Pollensa townhouse for sale at reduced price

MPP newsletter and property update: 25th February 2010

Here is our latest update from Mallorca. It is still the quiet season but the property market is busier than it was at this time last year. While people remain sceptical that any significant economic recovery is under way, the positive in this for buyers is that there are still some good opportunities. Our advice continues to be to focus on getting a good investment and not to judge opportunities solely on the size of the “discount”. Our Feb/Mar update talks more about this and is worth a read if you have not already seen it (Mallorca property market update - Feb/Mar 2010).

It is also worth re-iterating that asking prices can be misleading. As the recession has progressed more owners have set competitive prices which means the purchaser could be getting a good deal even if the final negotiated price is not much lower. Equally, some owners are sticking by relatively high (pre-recession) asking prices and will only negotiate when a solid offer is on the table. The only way to judge where the best opportunities lie is to visit and get actively into the market. Our role is to help you do this and make it as productive as possible for you.

New listings

Here are a few new opportunities recently posted on our blog.

* Country villa, Pollensa. Recently built country house in a particularly good position in S’Ubach, a short drive from Pollensa Old Town. It has been reduced from 600,000 to 560,000 Euros.

* Garden apartment, Nova Santa Ponsa. This apartment is located in a prime community close to Port Adriano on the southwest coast. Euro 469,000.

* Country house, S’Arraco Andratx. Country house currently undergoing refurbishment. S’Arraco is a village just outside of Andratx, one of the most sought-after locations. Priced at 990,000 Euros.

* 4 bedroom villa, Puerto Pollensa. Villa is for sale in Gotmar, Puerto Pollensa. The town is within easy reach as is the beach. Villas of this specification are usually over 1m Euros. Price: 975,000 Euros.

* New build 2 bed apartments, Cala d’Or. These are the final units for sale and have been reduced to Euro 209,000. The properties have a recent bank valuation of 275,000.

This article might also be useful - Are bank valuations relevant to the real value of properties in Mallorca?

I hope this is of interest. If you are coming out to look at properties get in touch and we will start looking into the most interesting options for you.

Kind regards,

Mallorca Property Partners

Properties for sale in Mallorca - January recommendations

≈ Sea view villa with separate guest apartment, Santa Ponsa. This property is in the market for Euro 990,000 which is a keen starting point for a property with good sea views in this location.

≈ Villa for sale in Mal Pas-Bonaire. Reduced from Euro 595,000 to 450,000. Located in Bonaire which is one of the best residential areas in the north of Mallorca, this villa could be a very nice holiday home or permanent residence.

≈ 3 bed apartment for sale, Puerto Pollensa. The holiday apartment sector has been one of the most affected by the recession, particularly properties at the more affordable end of the price scale. Rather than go for the biggest reductions in the lesser resorts our advice is to go for the best-established and most popular locations such as Puerto Pollensa. There are still some very good opportunities and future prices will strengthen more quickly. This apartment is an example - the asking price has been reduced from Euro 335,000 to 295,000.

≈ Apartment for sale, Puerto Pollensa. Another example of a good apartment in a very nice community. This one has been reduced from 380.000 Euros to 320.000 Euros.

≈ Substantial price reduction on country house in Calvia. This property is in probate and consequently has been reduced from Euro 3,600,000 to 2,100,000. It needs some works to the house and grounds but the location warrants the investment. Prime estates in this area are highly sought-after regardless of the economic slowdown.

Click here for more prime properties for sale in Mallorca.

Port Adriano, Southwest Mallorca - Five bedroom villa for sale with pool

5-bedroom 4-bathroom villa for sale in Nova Santa Ponsa and just 10 minutes walk from Port Adriano, one of the prime locations on the southwest coast of Mallorca. Port Adriano is currently undergoing a revamp to transform it into a top quality marina for luxury yachts with excellent sea-front restaurants and up-market shops. The golf courses and other recreational facilities of Nova Santa Ponsa are within easy reach. Palma and the airport are just 20 / 25 minutes drive away.

• Ref: MPPSDS-4
• Location: Port Adriano, Mallorca
• Type of property: villa
• Bedrooms: 5
• Bathrooms: 4
• Plot Size: 980 m2
• Constructed: 260 m2
• Price: 895.000 Euros

For full details please see : Five bedroom villa with pool, close to Port Adriano, Southwest Mallorca

Country house for sale in Felanitx, East Mallorca - an exceptional property with stables and pastures

This country house property has been reduced further to Euro 1.300.000 (from an original price of Euro 1.550.000.

Classic country house property in a prime East Coast Mallorca location. With professional standard stables, saddlery, 2 enclosures and 6 pastures, this is an opportunity for equestrians.

For full details please see : CADFEL5039: Country house for sale in Felanitx, East Mallorca – an exceptional property with stables and pastures

Sea view villa for sale in Costa d'En Blanes, Southwest Coast Mallorca

Post is to confirm a price reduction on a large sea view villa in Costa d’En Blanes just above Puerto Portals in Southwest Mallorca. The property itself is built on a plot of 780m2 and has a total living area of 277m2 plus terraces of some 140m2. The main level to the property comprises 4 large bedrooms, 2 bathrooms, spacious and light living area and a fully equipped kitchen.

For full details and photos please see : Sea view villa for sale in Costa d’En Blanes, Southwest Coast Mallorca

Classic coastal villa property for sale, Puerto de Pollensa, Mallorca

• Ref: PTP4534
• Location: Puerto de Pollensa, North Mallorca
• Type of property: villa
• Bedrooms: 4
• Bathrooms: 2
• Plot Size: 550 m2
• Constructed: 200 m2
• Price 740.000 Euros

Villa sale in Puerto Pollensa on the north coast of Mallorca. Puerto de Pollensa is the main town on Mallorca's north coast and sits in the Bay of Pollensa on the northern tip of the Traumantana Mountains. The geology of the area creates a beautiful coastal landscape and breathtaking scenery and this has led to Puerto de Pollensa becoming one of the most well-known and popular holiday destinations in Mallorca.

For full details please see : Classic coastal villa property for sale, Puerto de Pollensa, Mallorca

country house for sale, Alcudia, Northern Mallorca

• Ref: POL5285ALC
• Location: Alcudia, North Mallorca
• Type of property: country house
• Bedrooms: 4
• Bathrooms: 3
• Plot Size: 7.084 m2
• Constructed: 260 m2
• Price: POA

Available for a very competitive price for such a property in this location - please contact us for details

This is a newly built stone clad Mallorcan country house for sale near Alcudia in North Mallorca. The Bay of Alcudia is one of the largest bays in Mallorca and home to Alcudia and Puerto de Alcudia on its northern shores. Alcudia has evolved from an old fishing port and fortified town. With its harbour and beautiful beaches it is a popular destination for boating enthusiasts and holiday makers. It is a sought after location for country properties both amongst permanent residents and those seeking holiday homes / rental investments.

This property has 260m2 of living space on a country plot of some 7084m2. Accommodation comprises 4 bedrooms, 2 of which are en-suite. There is then a family bathroom for the remaining two bedrooms as well as a separate cloakroom. Living accommodation is a large lounge and open plan dining room that opens to the garden terraces. There is a fully fitted country style kitchen.

Outside there are covered terraces leading to the lovely open garden areas which include a swimming pool with roman steps. The property is air-conditioned (warm/cold), centrally heated and has electric gates.

NB. the price includes some upgrading work currently under way which includes installation of an irrigation, new boiler, porch and general tidy up of house and gardens.