Latest Mallorca property newslettter

Here is our latest update on current opportunities. There are some new listings that have been priced at competitive levels to to sell in the current market. There are also some notable price reductions on existing listings where owners are aiming to sell this Autumn.

This selection ranges from an excellent 3-bed apartment in Puerto Pollensa for just 295,000 Euros, to a luxury 6-bed sea-front residence in Puerto Andratx (price on application).

Apartment for sale, Puerto Pollensa, N Mallorca. Reduced price

A spacious 3-bed apartment close to the sea in a good community with gardens and pool. Reduced from 380.000 to 295.000 Euros. At this price level, an ideal value-for-money holiday home in this popular location. see details

2-bed penthouse with sea views and roof terrace, Port Adriano, SW Mallorca

This 2 bed apartment has harbour and sea views as well as a private roof terrace from which to enjoy them. An exceptional opportunity in this prime investment location. Asking price: 318,000 Euros. see details

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

A perfect apartment for someone wanting private outdoor space for barbecues and sunbathing. Recently reduced from 510,000 Euros to a competitive 420,000. see details

5-bed villa for sale at knock-down price, Cala d'Or, SE Mallorca

Villa in good structural order requiring further works, primarily modernising the interior. With 5 bedrooms, a large garden and pool, it should prove a good investment at this price level. Reduced from 550,000 to 495,000 Euros. see details

Significant reduction on 4-bed country house, Andratx, SW Mallorca

We first mentioned this property a few weeks ago. Located just 10 minutes walk from Andratx Village, the price has now been reduced from 725,000 to 575,000 Euros, exceptional for a country house in this area. see details

2-bed detached sea view villa for sale, Puerto Andratx, SW Mallorca

Sea view properties in Puerto Andratx are sought-after. This is a rare opportunity to buy a small detached community villa with panoramic views over the bay. Asking price 725,000 Euros. see details

Country house for sale, outskirts of Pollensa Old Town, N Mallorca

Outstanding country house with guest house, located on the edge of Pollensa with views over the Old Town to the Puig de Maria. Tastefully renovated to a very high standard. The price of 1,300,000 Euros is low for what is on offer. see details

Substantial luxury villa for sale, Puerto Pollensa, N Mallorca

An ideal property for a large family or those with regular guests. High quality construction, lots of space, nice gardens and mountain views. Realistically priced to sell at 1,650,000 Euros. see details

Prestigious 6-bed front-line luxury villa for sale, Puerto Andratx, SW Mallorca

An exceptional luxury front-line property in Puerto Andratx. Such properties are rarely available. Please contact us for further details. see details

In case you missed our special update last weekend, here are links to the featured properties: Pollensa villa at 510,000 Euros // Santa Ponsa repossession villa at 755,000 Euros. Both are exceptional opportunities.

I'd like to emphasise this newsletter features our picks from properties currently on the market with our partners across Mallorca, it is not personalised to properties matching your own requirements. If you are searching in earnest please email or call and we will look, in person, into the best options matching your criteria. My contact details are below.

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

Kind regards

Kevin Reeves
Mallorca Property Partners

Mallorca property update 27th June

Here is our end of June update with further opportunities which I hope you will find interesting. The properties featured here and in our blog don't just have to be at an attractive price for the market as it is at present, but also have to be in well-established locations and of a specification that should go on to prove a good investment for the future.

This weeks selection ranges in price from 285,000 for a 3 bed townhouse in Porto Colom, arguably the most picturesque harbour and fishing town in Mallorca, to 990,000 Euros for a recently built luxury villa in Gotmar, Puerto Pollensa - an excellent holiday home / rental investment opportunity.

Traditional townhouse, Porto Colom, E Coast

An opportunity to buy a holiday home or semi-permanent bolt-hole in a working Mallorcan fishing village, a townhouse with sea views in Porto Colom, a unique and beautiful location on the east coast. Priced realistically to sell at 285,000 Euros (please excuse the poor quality photos ...). see details

Recently renovated traditional townhouse, Campanet

Recently renovated townhouse and a comfortable contemporary home, featuring a very nice garden and pool with views over the village and to the mountains. This property would work well as a permanent or semi-permanent home, or as a rental investment. Priced at 350,000 Euros.see details

Prime location Puerto Pollensa apartment, second line to the Pinewalk

This apartment is located on the second line to the Pinewalk, the best and most sought-after part of Puerto Pollensa. Originally 436,000 Euros it has now been substantially reduced to 350,000 Euros. see details

Front line 4 bed sea view townhouse, Cala Murada, E Mallorca

Townhouse in a small development with stunning panoramic sea views, located right next to the beach of Cala Murada. Now priced at 435,000 Euros, exceptional value for a 4 bedroom front line sea view property. see details

Recently built country house close to Pollensa, N Mallorca

Modern country house with 3 beds, just 5 minutes or so from Pollensa, significantly reduced from 685,000 to 525,000 Euros. Good rental investment opportunity. see details

Country house under construction, stunning location

It can be difficult to sell a part-finished property so they sometimes offer a great investment opportunity. This one is a substantial property in a stunning location with views across the countryside to the sea by Porto Colom. For sale "as seen", reduced from 1,795,000 Euros to 800,000. see details

High quality coastal villa for sale, Gotmar, Puerto Pollensa, at 'distressed' sale price

High quality villa from a local developer. Walking distance to the beach in Puerto Pollensa and with 4 / 5 beds, the price has been substantially reduced from 1,500,000 to 990,000 Euros. Excellent rental potential. see details

Our July market update will be available in the next issue along with more selected properties. In the meantime, please get in touch if you want any more information on these properties or if you have any questions regarding the market in Mallorca. I look forward to hearing.

Kind regards

Mallorca Property Partners

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

About property finders in Mallorca

There are various types of property finders in Mallorca. These notes give you a bit more detail on the options to help you make the best choice.

Conventionally property finders take a percentage based fee for finding you a property. The fees usually range from 1.5 to 2% of the final purchase price. So for a property costing Euro 500.000 you would pay up to Euro 10.000.

Property finders operating this way justify their fee on the basis they will use their experience to get you a better deal. This is perfectly valid and there are some very good property finders working this way in Europe. There are few however in Mallorca and whether this approach is more effective than MPP’s free service is questionable.

About property finders in Mallorca

Tips on securing the best deals in Mallorca properties

Post about the bet tactics to use to secure a good deal on a good property in Mallorca.

• Don’t necessarily go for the most obvious “bargains”. If you really want to buy based solely on the biggest price reductions then Mallorca is the wrong place to look – you should be looking on mainland Spain! However the best long-term investments and the ones that will “bounce back” most quickly when the economic environment improves will be the good quality properties in the most sought-after areas. Mallorca as a whole is a good bet, but there is a lot of variety within Mallorca and the areas I recommend focusing on are those that have been the most sought-after for many years. You can read more about this in the October update linked above.
• Be in a position to buy. The more serious the vendor thinks a buyer is the more seriously he will treat them and any offer they make. Buyers who have cash or have agreed finance in place are obviously in the best position. This does not mean however that you need to be rolling in cash to take advantage of the market at the current time. Whilst credit from banks is still tight, they are (believe it or not) eager to get things moving and will lend money to people who can show that they can meet interest repayments and that they are buying a property at a sensible price vs. the mortgage. This latter point should not be a problem at present as bank valuations are generally showing properties to be of a higher value than they can be bought for! There is one mortgage product in particular that allows you to purchase in Euros without exchanging the bulk of your Sterling until the exchange rate between the two currencies improves.
  
• Be prepared to move quickly and be decisive. Whilst the market is slow and properties generally are not moving fast, the genuinely good deals do move quickly. You need to be prepared to come out to Mallorca at short notice if you are to stand the best chance of getting the most interesting properties. If you have MPP looking out for opportunities you will be tapping into years of experience and an extensive contact-base within the Mallorca property market. We are the longest established no-cost property finders in Mallorca and have an enviable network of estate agent partners covering all areas. We have more comprehensive coverage of the good property opportunities than any conventional agent. We also help you to assess in advance, so that if you do visit to view it will be for good reason and you are less likely to have a wasted trip.
• Listen to the professionals. Of course estate agents are employed by the seller so buyers often take their advice with a pinch of salt, and in normal times this is sometimes the best approach. But in reality estate agents are eager to make deals and most will advise their clients (the owners) to negotiate to the maximum they think is realistic in order to get an agreement on price. So if the agent says the offer is “far too low” or that your assessment of the current value of the property is simply “not realistic”, this may well be the case. If you use the services of Mallorca Property Partners you can be assured of an experienced view on what offer should be made and what is likely to be accepted. We are independent, and our credentials and reputation are established on providing a valuable service to you as the buyer. We do this by finding you the best properties, ensuring you get accurate information, and providing direct access to all the supporting services and property professionals you might need.

You can see more here about MPP's specialist Mallorca property finder services.