Archive for September, 2008

Credit Crunch Majorca

Monday, September 29th, 2008

Property, especially property in Majorca, has always been seen as a good investment. Yet it would appear those who are not economists are treating this time as a cautious time to buy. Although figures released by Estate Agents across Europe show that Property in Majorca remains one of the most buoyant and flourishing markets in Europe.

The more astute person will realize that in an ‘unsteady economy’ there are several panic buttons pressed; and I refer specifically to both the property seller and the property buyer. What happens is two fold … allow me to explain further.

First the buyer becomes cautious. They hear several comments and cannot comprehend exactly what they mean. They are listening to views from others who are also confused. This mass confusion instigates the pause button or a panic button to be pressed and the buyer backs off from making any decisions. Perhaps they will leave it for this year and start looking again next year.

Generally speaking all a buyer wants is a property in or around the location they’ve decided to buy in. The other main factor in making their decision is that the property will have a good resale value and be seen with ‘time’ as a good investment.

The opportunity to secure a good investment is never been so good … and that is because the seller is also pressing the panic button.

The seller panics … mainly because their decision to sell is during a slump. It happens everywhere in the world … when there is a property slump the buyer reduces their property price by more than the market needs. They do this to increase their chances of selling amongst the smaller number of buyers buying.

The seller instead of accepting a possible variation of asking price of say 20,000, they increase this variability to 50,000 or even 100,000. This will happen with both resale property and new builds.

Taking property in Majorca as the example in this scenario … in a so called property slump Majorca remains buoyant. Why? It is mainly because Majorca itself is a sought after holiday destination. It always remains in the top few property buying hotspots year after year whether there is a boom or slump.

So when all the buyers are backing off through uncertainty, the sellers are pressing panic buttons. The property prices are reduced and the buyer that has nerves of steal captures a real bargain.

I am sure many will have seen ‘new resorts’ being built and the publicity and expectation being excellent. Yet if this new resort doesn’t get the infrastructure correct the property variations can be enormous. Majorca however has been a popular destination for 50 years and will remain as a buoyant property market. Meaning that an investment in property in Majorca is safe and secure.

I’ll give you a quick illustration of what’s happening with the property prices. In this particular example in 2007 a 4 bed villa in Majorca was valued at £400,000 (560,000 Euros approximately). In theory if the same property was up for sale in today it should be still valued for sale at £400,000. Yet to buy it in Euros with the poor exchange rate the actual price should be 480,000 euros. But … because the panic button is pressed they reduce it further than the exchange rate difference, and ask 400,000 Euros.

Invest into Mallorca Properties

Monday, September 29th, 2008

A thing of beauty is a joy forever. Nothing can be more satisfying than a beautiful piece of property. And you can have a look at some of the most scenic properties of Spain by visiting portandratx.com

Spain is a land of nature, beauty, culture and diversity. And if you want to see a beautiful collage of all these aspects of Spain, there can be no place better than Mallorca.  And the best part about the Mallorca properties available on majorca properties the beauty and diversity of Mallorca come coupled with interest rates on finance and other lucrative options that make the entire process smooth and simple.

The Mallorca properties listed Balearic Properties Real Estate Network are the best buys you can think of. The properties are located all across Mallorca, which gives you a great range to choose from. Be it luxury villa, an apartment, or a commercial property, you will find great deals on the website. And these properties are not only for sale, you can take the properties on rent too! Moreover, the range is so wide that it is definite that you would find something or the other, which suits your taste as well as budget. You can take full advantage of the sun, sand and lifestyle of Spain sitting in your own comfortable place in Mallorca.

But sale and renting are not the only services provided by Property-in-Majorca.com. The company has a trained and experienced staff, which not only helps you in deciding which property to buy but also provides important tips on buying property in Mallorca and advise you on all legal and financial matters pertaining to purchasing Mallorca properties. Moreover, it also arranges finance options for you on as little as 3% interest rate. Property in Majorca also offers the best rates in Europe for Mallorca property mortgages with the possibility to finance up to 80% of the taxation value of the property.

So if you want to buy or rent a beautiful villa or an affordable apartment, just log on to www.balearic-properties.com You will find the best and the most beautiful properties in Mallorca Spain listed on the website. To request for a brochure, just send a mail to info@property-in-majorca.com and your query will be answered promptly.

Find the best properties at Mallorca Property.

You can contact Balearic Properties Network here:

Port Andratx Properties: +34 658 96 42 97

Pollensa Properties: +34 658 97 21 08

Deia Properties: +34 971 53 22 21

Palma de Mallorca Properties: +34 971 53 22 21

Mallorca Property

Saturday, September 27th, 2008

Why buy Mallorca Property ?

Mallorca Property is still one of the premier markets for property investments in Spain currently due to the increasing demand on the luxury properties defined as ” Island Properties” , Mallorca , still is the target for many international investors from Europe and America. Luxury property in Mallorca is to find in most of the coastal areas like Port Andratx, Port Pollensa, Cala Dor , Palma de Mallorca and some others, but also some very incrediable country homes in Deia or Soller are increasing in prices. at Balearic Properties Real Estate Network we offer all types of properties that suit every budget and have experienced staff to advise you on all legal and financial matters pertaining to purchasing property in Mallorca.

With a freindly sales team of agents we can offer you the best property selection of Mallorca in all difirent areas of the island. Contact us at +34 971 53 22 21 Property Mallorca

Majorca Property

Saturday, September 27th, 2008

When buying Majorca Property is very important to get the  most professional and detailed information on all types of property throughout Majorca. Coupled with years of experience, and the use of leading technology, we aim to optimize our client’s decision making process by providing up-to-date information and professional advice at each stage of the process of purchasing property. Whether a holiday home, investment or new business, Balearic Properties Real Estate Network offers our clients the best possible property solution available.
There are many great opportunities in Mallorca so ensure you choose the right partner to optimize your decision and allow you to make the best decision possible. Purchasing property in Majorca  is not a simple process; there are many different aspects that must be looked at. What can make the process easier though is choosing a partner that can facilitate and provide all the expertise you require when making that decision

With over 1500 properties for sale in Majorca / Mallorca , and a plethora of resources for financial, legal and real estate advice, we are very confident that we can service all your needs. We have professionals working with us in all these areas to ensure you get the most up-to-date and well informed information to help facilitate this process. And further to this, we have affiliates and partners who are considered some of the most credible in Mallorca to ensure the advice you receive is absolutely first class.

Mallorca is a premier market for property currently due to low interest rates and good economic conditions, as well as of course, the desire to take advantage of the sun, sand and lifestyle that Spain has to offer. We have properties in many different areas of Mallorca and cater for each type of property purchase. Whether it is for investment, a holiday home or villa, commercial or new development, we offer all types of properties that suit every budget and have experienced staff to advise you on all legal and financial matters pertaining to purchasing property in Mallorca.
Please view some of the properties in our portfolio. If you have any enquiries or questions on any matters, or you would like to book a time to view one the properties in our catalog or simply have a brochure sent to you, please do not hesitate to contact us.

Andratx Properties

Friday, September 26th, 2008

Andratx Properties is the most sought after area of the southwest of Mallorca, Port de Andratx. Here you can find the most exclusive selection of apartments and luxury villas for sale in Mallorca. Puerto de Andraitx offers luxury lifestyle for villa owners , or people looking to buy a luxury property in Majorca, then no doubt that Port de Andratx is the place to be! Mallorca has always been target for property investments in the last years, but still you can investment into property in Andratx , because property prices are still increasing 7% yearly, most important is location of your property, sea views is essential, also to have a private swimming pool at the villa and a good road access to the property are the main key factor to target a good investment into Andratx Properties.

Find the best Properties in Andratx with portandratx.com Hotline: +34 971 53 22 21

Majorca Estate Agent

Friday, September 26th, 2008

Majorca Best Estate Agents

Location is an important factor when purchasing real estate. A real estate agent can explain to you how big a factor location is when determining the asking price of a real estate property. A large villa by the coast will be much more expensive then the same villa located farther agency inland on the island of Majorca. If privacy and space are important to you, a Majorca real estate agent can show you the available fincas currently for sale. There are different styles of real estate properties located on the island.

A Majorca real estate agent can educate you about the different types of architectural design located on the island. If you are looking for an older more traditional real estate property in Majorca, the town of Palma estate Agency may be a good area to start looking. A Majorca real estate agent has valuable information regarding any building restrictions for homes on the island. For example, if you want to build a spacious three-story villa by the sea, they can inform you on what areas will give permission to build this type of real estate property.

Mallorca Estate Agents:

 Balearic Properties Real Estate

Head Office: Joan XXIII 90, Puerto Pollensa Mallorca

Phone: +34 971 86 77 00

Fax: +34 971 86 78 00

Website: www.balearic-properties.com

 

Properties Pollensa

Via Pollentia 3

Phone: +34 971 53 22 21

Fax: +34 971 53 45 06

 

Porperties South East Majorca

Avenida Bienvenidos 74,

Cala d’Or

Phone: +34 971 64 87 77

Fax: +34 971 64 87 87

More information about majorca estate agents

spanish property houses drop

Friday, September 26th, 2008

Spanish house sales drop sharply
Spanish house sales slumped by 26.3% in the year to July, according to official figures.

Mortgage lending plunged by 33.2% to 10.2bn euros ($14.9bn; £8.1bn), said Spain’s National Statistics Institute.

The credit crunch has led to a property slump in Spain and many economists say it is on the verge of recession.

The property market has been the main driver of economic growth over the past decade, but analysts say Spanish house prices are still up to 30% overvalued.

Property slump

The July figures were slightly better than those for June, when the year-on-year declines for both house sales and mortgage lending were even steeper.

Spanish house prices declined 0.3% between April and June, according to official figures from the country’s housing ministry.

However, estate agents estimate prices have slipped by about 5% this year.

Next month Spain will launch a new house price index, which will be an alternative to current housing ministry statistics which analysts have criticised for not accurately reflecting the property market slump.

From BBC news

Network Majorca Properties

Thursday, September 25th, 2008

Network for Majorca Properties

Majorca attracts thousands of tourists from across the globe round the year, thanks to its booming tourist industry, hospitality, natural beauty and an excellent & favorable Mediterranean weather. Its known for its endless coastline dotted with innumerous beaches, breathtaking hill ranges, calm inlands, and rich cultural heritage.

In order to tap the right resources of real estate industry we have a vast and professional network of real estate agents in Majorca / Mallorca to assist you. Our network together with the largest estate agents Balearic Properties Mallorca, who deal with all types of legal and financial matters and offer advice and assistance. Our services are powered by a vast database of property profiles, which covers the entire island, based on location, budget, and customer requirements.

For more information visit Balearic Properties Mallorca

Also you can read our mallorca buyers guide here with very interesting answers about buying property in majorca
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Luxury Property for sale Majorca

Wednesday, September 24th, 2008

Property in Majorca has become very popular for intentational property investors. Majorca offers a great selection of luxurious properties for sale in the most beautiful areas like Deia, Formentor, Palmas Old town, Port Andratx and of course the beautiful north and Pollensa. . By buying property in Majorca instead of one of the other islands, you will have a shorter travel distance from the airport to your property. Whatever your reason for buying property can find a property that is suited to your style and budget.

An example of a Villa in Andratx:

Majorca Property in Andratx

This impressive first-line villa, currently under construction, is located in a sought after position of Cala Moragues close to the elite Puerto Andratx and boasts unrivalled views of the sea and coastline. The residence will be finished to the highest of standards using only top quality materials and omitting no luxuries. Its interior will comprise a spacious light living dining room and a fully equipped kitchen both situated on the ground floor. The first floor will accommodate the grand master suite with ensuite bathroom, walk-in wardrobe and private terrace and three additional guest bedrooms all with ensuite facilities and access to a terrace. The tower room located on the second floor will house an office. The property offers a separate self-contained two bedroom guest house and is surrounded by several terraces and a lovely pool area from where the panoramic sea views can be enjoyed. The price for the finished house is 4.5 Mio Euros. For a quick sale you could buy the house in construction and finish it off yourself, then the price would be 3.9 Mio Euros only.

More about Majorca Property Sale

Another great Property in Mallorca

Monday, September 22nd, 2008

These superb finished villas sets itself apart by offering quality contemporary villas with all the best that modern living can provide. Every detail has been carefully considered by the owners to ensure that your stay is a real home from home.

There are two villas which offer the same level of luxury but vary slightly in their décor and design. The fully air conditioned villas are set in their own gated landscaped gardens with each villa having its own private infinity pool, barbeque area and views. The pools are located close to the terraces and can be viewed from the lounge and kitchen enabling you to keep an eye on the children. The pool can also be heated.

Subach Villas is a superb development of stunning villas with contemporary designed interiors and panoramic views. Subach is a selected residential area close to Pollença and the 9 hole Golf Course. The sandy beaches of Alcudia and Cala San Vicente are 10 minutes away, Palma City is 30 minutes by car. The views, the gardens, the private infinity style pool and the luxury fittings make this an unique development. Inside, the houses are pure beauty and quality. The floors will be in natural stone along the interior and exterior, a minimalistic design combining traditional materials to make these properties full of comfort and quality. 4 double suite style bedrooms, large kitchen with access to breakfast terrace, covered terrace, large living/dining area, fireplace, carport, MEDIA/SPA room and more!

Contact us for more info at:

Subach Villas Pollensa,

Via Pollentia 3 , 07460 Pollensa, North of Mallorca

Tel: +34 658 972 108 / 971 53 22 21