Our new website “Port Andratx Holiday Villas “offers since 2009 luxury vacation villas and real estate properties in Andratx, if you don’t desire to stay in one of the few hotels located in Andratx, book a luxury villa with sea view or just at the seafront in Port Andratx.
Luxury holiday properties in Andratx for your next vacation villa holiday.
Real Estate Mallorca Balearic Properties Agents the largest of the Balearic Islands, has become one of the most preferred real estate agencies to buy property with. Whether you wish to settle down in your own house, or you wish to invest in real estate, Majorca offers luxurious, excellent quality homes located on exotic destinations, to suit your specific requirements.
However, while dealing with property, a real estate agent is your best guide. A real estate agent in a place has complete and comprehensive information about the market rates of the area. He has access to the listings of properties on sale with other agents. Thus, he can help you buy the house of your dreams with all the facilities you requ
ire, and within your budget. He can also help you obtain finances to make the payments for your new home. And, if you wish to sell your property, he can help you put it up on sale at the best prices, and get desired buyers for your property.
There are a number of real estate agents selling property in Mallorca. However, before you select in Mallorca a real estate agent, there are a few important things you must keep in mind in order to make a beneficial deal:
Your can find many real estate agents working in Mallorca, in your locality specifically. One of the easiest ways to do so is to search the net. You will come across agents’ directories and websites. You can contact them on the given numbers, and also provide your details online, if they offer the facility.
Best Mallorca Property in Puerto de Andratx
Mallorca Villas on the Mediterranean coast can well be a dream for many villa seekers. But, with attractive prices offered for Mallorca Villas, this dream can now be a reality. Low property rates for mallorca villas and good economic conditions in Spain make Mallorca villas attractive to investors and buyers. Luxury Mallorca pirvate villas offers you many types of villas – resale villas, off plan villas, new development villas and villas for rent. But, take care that when buying property you buy licensed property and follow the legalities involved, to avoid legal problems and financial loss. At Balearic Properties, we are experienced property dealers in Mallorca and can familiarize you with everything you need to know – the legalities involved, types of mortgages available for property loan, the new Mallorca villa development plans, Mallorca holiday villas resale and the best time to buy Mallorca villas.
Some of the very luxurious villa owners are selling their beautiful villas in Mallorca to buy other interesting Villas in Majorca. Moving property from the coast of Mallorca to the center area, changing their mallorcan villas for country villas in some ocasions.
Information by Balearic Properties Real Estate Network
Properties in mallorca seem to have stabilized over the past year and the local Spanish and Resident market is all but still. Certainly, the credit crunch, to coin a phrase coming out the UK at the moment is also being felt here. Interest rates of 3.0% on mortgage just over two years ago are no longer and the current starting rates of around 5.5% give or take are being felt in the pocket. But the monthly cost of borrowing here in Mallorca property is still cheaper than in the UK, where a large proportion of the investors come from.
An Puerto Andratx, property prices have dropped considerably for front line properties at the coast, an example of this property reduction is a villa in port andratx marketed originally at 5.5 mio. euros, now reduced to 3.9. This year it seems that the prices are stable and prepared to go up again in 2010.
So the British Pound has dropped against the Euro. Yes, and this will effect the top end budget of the buyers that are looking but even then, most buyers have a certain margin in their budget so they can either absorb this extra cost or look at slightly cheaper mallorca properties, it does not stop them from buying. Add to that the fact that many investors now have euro accounts anyway and the increasing use of commercial exchange companies the knock on effect of this is greatly reduced.
Find the best mallorca property deals at www.portandratx.com
At the heart of the Southwest of Mallorca , CVPA has undergone a profound metamorphosis. The old Clubhouse, which needed to be remodelled was completely demolished. In the port area, many changes and improvements aslo had to been made. Definitely, the club de vela has been rejuvenated almost in its entirely and can face the future with guarantees.
With the new cafe and the great restaurant terraces two diffrent types of services are offered. You can now enjoy a nice lunch or dinner in the restaurante terrace or just have a snack on the bar restaurant and the large swimming pool area.
Not just an idyllic retreat in the sun; the Club is also a versatile and stylish hub for both business and pleasure, with multimedia business facilities complemented by the very best in comfort, luxury and leisure. Wireless internet access is provided throughout the club, whilst the outstanding games and leisure facilities, events rooms, terraces and gardens encourage relaxation and fun.
Fully-equipped modern facilities, exclusive terraces and unique events and activities for members only, offer an amazing opportunity for an unrivalled lifestyle in Port d’Andratx, overlooking the marina and the beautiful mansions on the hill.
Find the best property in Andratx
I can’t remember how many times I have heard the “I will wait for prices to plummet” line and wanted to shout “wake up and smell the coffee”. Unless the current financial crisis reverberating around the globe becomes a long-lasting downturn then don’t expect real estate prices to to drop in Majorca. In truth, whereas mainland Spain is suffering a crisis, the Balearics and Barcelona were the only two Spanish regions to have price increases in 2007. There is just not a surplus of sought after property here in Mallorca as there is on the mainland.
It is true, prices have levelled out over the last two months and, the local Spanish and Resident market is completely flat. Yes, the international financial turmoil, to coin a phrase coming out the UK does have some effect here. Low interest rates from a few years ago have disappeared and the current starting rates of around 5.5% give or take can be felt in the pocket. However borrowing costs are in the Euro zone cheaper than in the UK, where many buyers are form.
So, British buyers get less for their Pound. True, and this will effect the overall budget, that said, most buyers have a certain margin in their budget so this extra cost is all but negligible or realign the requirements to the current budget, it does not stop them from buying. Add to that the fact that many investors now have euro accounts anyway and the plethora of commercial forex companies to choose from helps take the sting out of the tail.
So what keeps prices so high? It is the nature of the properties in Mallorca and the owners that defies the logic of the standard market trend. A significant amount of the real estate in Majorca are are often unoccupied. Extravagances of the affluent and even the not so rich but certainly well off. Lets face it, not anybody has the disposable income needed for the 100.000 euro price tag to buy a Studio apartment in Palma Nova. On top of this, it is money spent on a holiday apartment and you see the profile of the person we are talking about. Then think about the type of person who has the 450.000 euro minimum you would need to buy a 3 bedroom Luxury Chalet near the expanding Puerto Adriano marina. And since we’re on the subject what about the Villas. Have you got a cool 3.000.000 euros spare for a holiday home?
And that is the profile of the real estate owner / vendor of a large chunk of the properties Majorca. Almost regardless (and I stress almost as, of course, there will be individual cases where this is not true) of the crisis’s around the world economies, such people have no underlying urge to drop their price. There is no excellent career opportunity in Cheshire from where you are. There is no “sought after school” in the next county, there are no buyer ladders from first time buyers to ‘want to keep up with the Jones” to ‘the kids have all moved out’ to retirees. People buy a place in Mallorca because it is a jewel in the Mediterranean, it is charming, it is a select choice – even Lloyd Webber has a house here! They have property here because it is a luxury and they can afford it.
Add to that this fact, it cost them 10% on top of the sales price to buy it in the first place and its going to cost them 18% of the profit when they sell it. Nobody wants to sell at a loss, especially not with real estate and certainly not with luxury real estate.
Those are the reasons for the stable prices here in Mallorca: the fact the property prices are largely based on luxury investment properties, there is no underlying need to sell, the cost of buying and selling taken into account in the whole equation and simple supply and demand – I have a chalet on the golf course, you want to buy it and this is the price.
Port Andratx Properties
Head Office Mallorca
Via Pollentia 3
07460 Pollensa
Phone: +34 971 532 221
Fax: +34 971 534 506
Email
A frontline Villa in andratx for 1.400.000 Euro
Villa : € 1,400,000
Fabulous villa with fantastic sea views and unlimited privacy situated in the Port of Andratx southwest of Mallorca.
Villa : € 1,200,000
One of the most beautiful country estates in Pollensa in WALKING DISTANCE TO TOWN! Immaculate conditions!
Country Home : € 3,500,000
Tranquil villa located between Pollensa and Alcudia, this villa has been finished with the best materials !
Country Home : € 3,500,000
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