Mallorca Property Partners Blog

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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

A very Happy New Year to you, I hope you are not being too badly affected by the snow and cold weather. In fact there is a cold snap in Mallorca too at present with snow in the mountains, so we are not completely escaping the wintery weather. No doubt the blue skies will return soon though and if you are still thinking of buying a property in the sun then 2010 looks set to offer a similar level of deals and opportunities as the second half of 2009.

In essence the market conditions have not changed during this time. There is hope of economic recovery but precious little evidence of such in either the UK or Spain. Some sellers are prepared to weather the downturn and stick close to asking prices, but most are prepared to negotiate and some are offering substantial reductions. Our last market update gave examples of some very good buys made in 2009 – purchases that should represent excellent investments as well as being super homes. If you missed it you can read the report here : Dec / Jan Market Update.

The report also has links back to previous market updates with guidance on buying tactics. It is actually quite easy to pick up a property for significantly less than the asking price, but this does not necessarily mean it is a good purchase. The final price relative to comparable sales values in the area and to the future investment potential of the property are the important things to assess.

Furthermore, unless you are buying solely as an investor, it is important to remember that this is a lifestyle purchase and should fit your personal criteria too. Finding a property that will prove to be a good investment in this context can be more challenging. If you have not read the previous reports they are worth looking through, the advice in them is just as applicable now as it was last year.

As predicted the seasonal factor is also affecting prices and more reductions are being advertised. Here are a some that have been added to our blog since our last update.

≈ 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.

These are just examples of what is available and, as I say, it can take time and a lot of work to find the best opportunities that specifically match your own criteria. Using MPP can fast-track you through the process – this is what our service and network is designed to do. So if you are coming out then please do email or call me a few weeks in advance and we will start looking into the options for you.

I look forward to hearing.

Following on from last weeks Market Update, here is a bumper selection of properties that have either been reduced in price, or set at a low asking price that represents exceptional value-for-money. Many of these reductions are no-doubt influenced by the fact that it is now the quiet season for property sales. If you are thinking of buying, a trip out in the New Year could be a good move.

Southwest Mallorca

≈ 3-bedroom villa in gated community in Costa d’en Blanes

I highlighted this property before at its original price. Now it has been reduced from Euro 900,000 to Euro 780,000 making it an outstanding opportunity for this location.

≈ 2-bedroom sea view penthouse apartment for sale, Nova Santa Ponsa

A very good price (Euro 399,000) for an apartment in this location in a good community and with a large sea view roof terrace.

≈ 3+1 bedroom triplex sea view apartment in the Portogolf development, Nova Santa Ponsa

A prime community property, close to Porto Adriano – asking price Euro 750,000.

≈ Further photos on luxury villa in El Toro, Port Adriano

Another prime opportunity close to Port Adriano – this one is a newly refurbished villa priced at Euro 1,200,000.

Northeast Mallorca

≈ Prime 4 bedroom country house for sale in Arta, Mallorca

A lovely country house set at a substantially reduced price of Euro 995,000 from Euro 1,495,000. The property is in excellent condition, meticulously maintained and in a very nice location.

East Mallorca

≈ Super value sea view apartment for sale – Porto Cristo Nova, East Coast Mallorca

A great little sea view apartment with large roof terrace. A rare opportunity at this price level – Euro 245,000.

North Mallorca

≈ Penthouse apartment for sale off the Pinewalk, Puerto Pollensa, North Mallorca – reduced in price

An excellent penthouse apartment in the area of Pollensa’s Pine Walk – one of the prime north coast locations.

≈ 5 bedroom traditional townhouse for sale at reduced price, Pollensa, North Mallorca

An interesting traditional townhouse opportunity – lots of living accommodation plus commercial licence for the ground floor. Ideal for someone looking to move to Mallorca and open a shop / gallery. Reduced from Euro 595,000 to Euro 495,000.

≈ Super traditional townhouse for sale at exceptional price, Pollensa, North Mallorca

Another super renovated townhouse at an exceptional price – Euro 280,000.

≈ Country villa property for sale, walking distance of Pollensa, Mallorca

Prime location country villa in La Font, walkable from Pollensa Old Town. Reduced from Euro 1,400,000 to Euro 1,290,000.

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

Another La Font country villa. Reduced from Euro 920,000 to 850,000.

≈ A rare opportunity – country house for sale in Mal Pas, Alcudia, North Mallorca – reduced

As the title says, this is a rare opportunity to buy a country estate with sea views in the Bonaire area, Alcudia – reduced from Euro 3.3 million to Euro 3 million.

≈ Country house for sale in prime Pollensa location, North Mallorca

An exceptional reduction on this final property in our list sees a new price of Euro 2,950,000 – reduced from Euro 5,300,000. If you have the budget for a prime country house in Mallorca then this should definitely be on the list.

Other interesting properties are being added daily to our blog listings. You can browse through them here : Selected Mallorca properties.

Please let me know if you want further information on any of the properties you see, and if you are thinking of coming out to look at properties in the coming months let me know and we will look into other opportunities matching your criteria.

I look forward to hearing.