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MPP newsletter : 11th February 2010

February 11, 2010 // Posted in Mallorca property finders, Mallorca property market, Price reductions and bargains (Tags: , , , , , , ) |  No Comments

In case you are not on our regular newsletter list here is the text of out latest. If you would like to be kept up-to-date with the most interesting property opportunities and useful property news, sign up to our newsletters by clicking the link in the menu on the right.

Here is the latest on the Mallorca property market. The buying environment continues to evolve and if you are thinking of buying it is worth reading our latest market report. This one focuses on the wisdom of seeking out opportunities with “prime” properties rather than being tempted by those showing the biggest reductions.

≈ Mallorca property market update – Feb/Mar 2010

And here are a few properties that might fit the bill in this respect.

≈ CAD1932: garden apartment property for sale in Cala door, Southeast Mallorca

Cala d’Or has been hit more badly by the recession than some other coastal areas but still sits as one of the more established locations and popular holiday resorts. Now is a good time to pick up a good 2 or 3 bed holiday apartment / rental investment. This one stands out and has been reduced from 265,000 to 230,000 Euros.

≈ 3/4 bedroom apartment close to Port Adriano, Nova Santa Ponsa

Front-line communities in Nova Santa Ponsa and close to Port Adriano are certainly in the prime category. This one is towards the upper end of the market. Price: 1,000,000 Euros.

≈ 2 bed sea view apartment in Nova Santa Ponsa

And this one is more affordable at 450,000 Euros

≈ Ground floor apartment for sale, 2 bedrooms, harbour views, Puerto Andratx

A ground floor apartment which, unusually, has views over the harbour, the most desirable feature of apartments in Puerto Andratx. Price 750,000 Euros.

That’s all for this update; the next one will be in a couple of weeks and there are more properties being added daily to the blog. You can either bookmark the link below or subscribe to an RSS feed to receive them more regularly. If you are planning on a viewing visit get in touch and we’ll look into a selection specifically matching your requirements.

Until next time, kind regards,

Mallorca Property Partners

Penthouse apartment with sea views in prime Nova Santa Ponsa front line community

February 10, 2010 // Posted in Apartments for sale in Mallorca (Tags: , , , , , , , ) |  No Comments

This luxury apartment is in a prime southwest coast community and has just been reduced from 1,350,000 to 1,160,000 Euros.
Large terrace from the living room

Ref: 33148h

Location: Nova Santa Ponsa

Type of property: Apartment

Bedrooms: 4

Bathrooms: 4

Living space: 210 m2

Price: 1,160,000 Euros

This penthouse apartment with 4 bedrooms and 4 bathrooms is located in an exclusive development with large community pool, and colourful gardens. Santa Ponsa Nova is close to Port Adriano and recognised as one of the prime locations in which to own a community property in Mallorca. Santa Ponsa is renowned for gold but has plenty other sporting and leisure activities to offer. Palma de Mallorca and the airport are an easy 20 to 25 minute drive.

The apartment is distributed as follows: living area of approx. 210m² + a terraces of approx. 100 m2 with fantastic sea views towards the Malgrat Islands. Large entrance hall, kitchen, laundry room, large living/dining room with fireplace and French doors open onto the terrace, master bed with built-in wardrobes, spacious en-suite bathroom, 3 further bedrooms and 3 further bathrooms.

The apartment is fitted to a high standard and includes gas central heating and hot/cold air conditioning, 2 underground parking spaces, storeroom, jacuzzi, elevator.

≈ Email us for more details
≈ Search for similar properties

Should you use a UK or local Mallorca Lawyer?

February 9, 2010 // Posted in Mallorca property finders, Mallorca resources, services and information (Tags: , , ) |  No Comments

The choice of lawyer is obviously one of the most important questions when considering how best to go about the property purchase process in Mallorca. There are many lawyers in the UK who specialise in Spanish property law, and some buyers might feel more comfortable using one of these rather than finding and dealing with one based on the island.

Our advice however is always to use a local lawyer, but this is provided they meet certain criteria which should be straight-forward to satisfy.

Why do we recommend using a local lawyer? Primarily this is to do with knowing the island and having the right contacts. A UK (or mainland Spanish) lawyer might technically be well qualified to handle the conveyance. But they are less likely to know the location in any detail and this is important. A good local lawyer may well be able to give you insight into the area or even the individual property you are considering. They are more likely to know if there are any issues that should be looked into – this is after all the most important part of their job.

Furthermore, the local lawyers contact-base in Mallorca will often prove invaluable. For example, if there are planning considerations that need to be checked with a town hall the local lawyer will be more able to look into it than someone who is operating remotely. Such matters are usually straight-forward in principle but can get messy if not dealt with at first-hand by people that know the town hall well.

Having said this, the choice of lawyer is key. Just as in the UK there are good and bad. Be cautious who you take recommendations from as many lawyers offer referral commissions. This in itself does not mean they are no good, but it does bring into question how objective the referral is. Mallorca Property Partners does not accept commissions from lawyers. In fact our preferred legal partners do not offer them which we think is a more professional way of operating.

Beyond this there are simple things to check:

  • Independence. For your own peace of mind it is best to get a lawyer who is independent of any estate agent. Many estate agents recommend very good lawyers but this is not always the case. In the UK it would be unusual to take on a lawyer that the vendor’s agent has recommended and there is no reason why you should behave differently in Mallorca.
  • English-speaking. There are plenty of good English-speaking lawyers in Mallorca so it makes little sense to use one that is not fluent, at least to a level where you can have clear conversations on the phone. Their advice is key but of little use if neither of you is 100% sure of what the other is saying.
  • Pre-meeting with no commitment. The most simple piece of advice we can give is to meet with a lawyer at an early stage, ideally
      before

    you start looking at properties. They should be prepared to do this with no charge or commitment. By meeting them at an early stage in the process you have plenty of time to review alternatives if you are not completely satisfied in your choice. You will also feel far more confident in the process you are undertaking. It speaks well of you to vendors too that you already have a lawyer on-board and this can help in negotiations.

The most important thing is to be completely confident that you have made the right choice. If you are not, review further options.

For initial recommendations, seek a trustworthy and independent source such as MPP. We will happily introduce you to our legal partners in Palma at any stage. They are English-speaking and will be equally happy to sit down and discuss the process with you in more detail. This will be with no fee and with no commitment. They are also specialist tax advisers which may also be of great use to you.

≈ Click here for more information on lawyers in Mallorca.

Reduction on villa in La Font, Pollensa

February 8, 2010 // Posted in Country houses for sale in Mallorca, Price reductions and bargains, Villas for sale in Mallorca (Tags: , , , , , , ) |  No Comments

View of pool and garden terraces.jpg

This post is to highlight a reduction on a very nice country house in La Font, Pollensa, North Mallorca. La Font is within easy walking distance of Pollensa Town and properties here are sought-after. This country villa is a very nice 3-bed property with a pool. You can see full details at the link below.

≈ POL4572: 3 bed villa property for sale in Pollensa, North Mallorca

February / March Mallorca Property Update

February 5, 2010 // Posted in Mallorca property finders, Mallorca property market (Tags: , , , , , ) |  No Comments

A quick post here to let you know the latest update is online. The market is constantly evolving and in the current climate property buyers obviously want to be as sure as they can that they are buying the best investments at the optimum time. This latest report follows on from previous reports in giving guidance and advice on how best to achieve this in Mallorca. You can read the full update here:

≈ Mallorca property market update – Feb 2010. Go for the prime properties, not the biggest reductions!