Mallorca Property Opportunities in 2011
22 Oct 2010
The Spanish property experts Spanish Hot Properties unlike most of the bigger agents on the Island of Mallorca have had an excellent year in 2010 for Mallorca property.
Nick Stuart Managing Director of Spanish Hot Properties states “there are three major reasons for this our ability to bring buyers and sellers together and our ability to locate property that is priced to sell and not over inflated in this current market. Our property finder service and special help to first time buyers on the Island has also given us an advantage”
The last official figures showed that property in Mallorca actually increased by 3.7% last year and 4.5% in Palma and whilst those figures don’t fully reflect what is going on in the Island it is a clear indication that the market has hit rock bottom and isn’t going to fall any further claimed Nick furhter Another factor is that you just don’t have the oversupply of property that you see on the Costas of Spain. The downside is that most vendors now think that they can charge the same for their property as they could in late 2007 and thus finding real value in Mallorca. This is what has given us a real advantage in the market place where we are able to find properties that are realistically priced where the owners be it the banks or individuals are motivated to sell. We believe we will be able to hold on to this advantage in 2011 as whilst we have hit the bottom we believe it will bump along the bottom in 2011 with small price rises and our ability to find the best deals for buyers will allow us to maintain our little niche.
According to Nick “The other reason that we have had such a good year is our property finders service which we offer. Because we have low overheads we can look after our clients’ needs and make sure we find them the right property and are not concerned about how much money we make from the transaction as long as we make something. This means if we don’t have what our clients are looking for we can find it for them from another agent and at the end of the viewing process we can sit down with the client and look at all the options and help them choose the right property. Now if you go to several agents they will obviously not be telling you the good points of another agents property”.
All in all we believe we offer something unique in Mallorca property and looking at the results we have achieved in 2010 so do our clients. We have to say we are very optimistic of continuing this in 2011. Anyone interested in finding out more about Mallorca property should call 0034 664 268 809.
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- "Honest and supportive Nick managed the whole process from start to finish and made sure the whole sale and mortgage approval went through smoothly"