Make 2020 the year you buy in Mallorca

Our island of Mallorca offers a sunny escape in the heart of the Mediterranean and over the years its popularity has not wavered. Whether you are a holidaymaker that loves the island or you are looking to buy here, there are properties catering for all budgets.

The island has some fabulous facilities with marinas attracting wealthy yacht owners and celebrities that love the relaxed pace and temperate climate. Most people have their favourite part of the island and buying property here is definitely a sound investment opportunity.

If 2020 is the year you realise your dreams and buy a property in Mallorca, then now is the perfect time to start looking. Start making a wish list of your wants and needs and also list things you are prepared to compromise on. It isn’t always budget effective to have a beach front or sea view property, that said there are superb properties to be had. What appeals to you the most: sun, sea and surf; pure nature; mountains and woods; village life; a cosmopolitan city or somewhere to sail from?

If you are in the market for a contemporary villa with superb facilities, then we have some exciting opportunities for you.

If you love the finer things in life then a chic apartment in Palma will suit you. With fine dining and shopping opportunities, this cosmopolitan city is high on the visitor list. The city offers many different kinds of area and property. The prestigious Old Town (Casc Antic) and Santa Catalina have arguably the most charming districts and architecture on offer. The area along the seafront, the Paseo Marítimo, is the natural home for the jet-set, with its luxury apartments, fast pace of life and proximity to the marina and Port.

Palma Nova is located in the municipality of Calvià and is a lovely seaside resort with a wide, shallow bay and three good beaches. The resort remains active all-year-round which makes it a popular choice for permanent residents.  You can drive to Palma in 10-15 minutes and there are excellent amenities available for food shopping and healthcare.

Just a 15-minute taxi ride west from the capital, Palma, Portals Nous revolves around a band of satin-soft white sand that’s edged by tapas bars and cocktail hangouts. Orbiting the resort are a series of tennis clubs and Bendinat Golf Course, which is classed as one of Spain’s finest. Not far from the town centre, you’ll find Puerto Portals Marina. Superyachts dock here and Ferraris parked at the kerbs in this glitzy marina.

These are just a few examples of areas to look at when searching for your new home in Mallorca. Contact of one our team today to talk about which area would suit your lifestyle choices.

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Why now is a good time to buy in Mallorca

 

Spain and particularly Mallorca has been a popular place to buy a second home or relocate to for many years. It has an enticing mix of friendly people, luxury resorts and stunning and ever-changing countryside where you can enjoy an active outdoor lifestyle. In fact, here are three great reasons why now is a good time to buy in Mallorca.

Spain has been a top holiday destination for over 10 years
Mainly for this reason, if you purchase a property in Mallorca as an investment you are guaranteed an excellent return on investment. The rise in popularity of sites like Airbnb means great apartments and stylish villas are more popular to book than hotels. Mallorca has been the place to see and be seen for decades and tourists come here not just for the climate alone. Visitors can never be stuck for things to here as there are fabulous championship golf courses, up-market marinas and the great outdoor lifestyle means cycling, sailing, walking, hiking and horse riding are popular.

Around 300 sunny days a year
Mallorca enjoys around 300 days of sunshine a year and this means being outdoors year-round is a real possibility. This is a real beach holiday destination and so you can be assured of rentals for a good portion of the season. Long hot summer days are when tourists tend to book in the main, but during the temperate spring and winter seasons visitors often love to trade the icy winters of the UK and other parts of Europe for the milder days in Mallorca.

Fabulous property prices
One thing that is currently making the Mallorca an attractive proposition are property prices. They are rising but have not yet peaked meaning that now is a great time to buy before any further de-valuing of the pound. If you haven’t taken a look at what your euros can get within your budget click here. We have a fantastic selection of properties on the island and these cater for everyone’s budget. Whether you are a seasoned property investor looking for a luxury villa in Andratx or someone looking to buy an apartment in chic Palma, we can help you find the property that works for your budget and lifestyle. Our expertise will help you through the buying process so you’ll be the owner of your new Spanish home in no time at all.

Call us on: +34 971 675 035

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Making your £ work for you

 

With the unsettling political situation in the UK making the £/euro exchange rate unsteady, this is the time to think about buying your property in Mallorca. With refreshed hopes on the horizon for a Brexit deal the exchange rate has risen to almost 1:14 today and though it certainly isn’t the lowest the exchange rate has been over recent months, it could tumble over coming weeks depending on the outcome of Brexit.
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The property market here in Mallorca is buoyant and there continues to be some really great deals on off-plan property, so if you are looking at a way to pay for your property in set stages, this is probably the best option for you. This way you can pay a smaller deposit whilst the £/Euro rate is lower and hope then that the unsettling times stabilise.

If you are in a position to either get a mortgage or are a cash buyer looking to buy outright, then picking up a key ready property in a stunning location could be done fairly quickly ensuring you get good value. If you are an investment buyer looking to let out property and earn an income then your investment could start paying for itself in no time at all as visitors to the island remain high.

This is no wonder with a fabulous climate and superb range of outdoor pursuits to fill the time of a holidaymaker. Championship golf courses, great beaches, fine dining and amazing shopping facilities make Mallorca a lovely destination. Couple that with beautiful countryside and chic Palma that begs to be explored and you have an instant recipe for holiday success.

If you are looking to retire here then finding that fabulous villa overlooking the sea or a great little apartment on a golf course won’t be too difficult. Talk to us today about some of the fabulous property deals we have on the market and how to lock in an exchange rate.

Pretty Palma has it all

 

Palma simply put is one of the most beautiful cities boasting a vibrant mix of cosmopolitan character and endless web of grand historical sights. Streets and squares thrive with life both day and night, so you’re in for an all-round beachside treat. You’ll find everything along the gorgeous, glistening waterfront, so explore on foot to take it all in.

With lively squares both day and night, Palma’s got it all. You’ll see street performers and classic cafés underneath arches, so stopping for a latte’s basically essential. For the brightest nights out over the summer, it has to be Pacha. The global clubbing brand has a stylish venue right by the marina.

For a relaxed afternoon, why not head to the beach? You’ll find stretches of sand with the heralded Blue Flag status, plus shallow waters for a quick paddle. Rent parasols and sun beds, and pull up a chair in one of the numerous bars to enjoy a cold one.

History and Culture

La Llonja might look like a cross between a church and a castle, but this 15th-century building on the seafront was actually once the city’s stock exchange. Today it houses a collection of fine art. The Castell de Bellver overlooks the city, this uniquely round castle has been standing for more than 700 years. For many of those years it was used as a prison, but it now contains Palma’s museum of municipal history, and includes pottery from different eras. It also offers wonderful views over Palma Bay. There is plenty more to see with the Arab Baths and Basilica de Sant Francesc.

Eating & Drinking

Palma is a city made for enjoying gastronomic delights whether that is in a trendy tapas bar or exclusive seafood restaurant but can enjoy a wander around the gastronomic food market in San Juan. The stalls are set up in the modernist complex of S’Escorxador, a former slaughterhouse. The market offers a tempting array of food from around the world, from Thai and Japanese to Spanish and Majorcan. There’s also a cocktail bar and wine section.

Palma is the perfect city break destination and really you could come here just to shop! Property in Palma ranges from exclusive villas to waterfront apartments. If you are looking to buy here in Palma then it will definitely be worthy investment.

 

Are you thinking of retiring in Mallorca?

If like many people you have fallen in love with Mallorca over years of visiting here and have decided to retire here then it’s all in the planning. Most of us aren’t that old when we start our retirement planning, let’s face it – 60 is the new 50, we’re still in the prime of our lives and living a more active life in Spain will definitely keep you younger.

Healthcare

With everything going on in the world right now it is best to take out private medical cover if possible. If you’re going to be beyond retirement age when you end up living in Spain you will be covered by a reciprocal agreement between the UK and Spain for your basic healthcare needs, although no one knows the exact impact Brexit will have yet.

Location

You may love the idea of being in an isolated villa, but in real terms access to amenities becomes more important as you get older and potentially don’t or can’t drive. Popping to the shops, going out to dinner or to hospital can become tiresome if you always have to drive, get a lift or a taxi.

Your social circle

Being near people is important as increasing your social circle will help you ground yourself in an area. Learning a little Spanish goes a long way too. Join clubs and groups to integrate and you’ll soon find you are as busy as you want to be. Get outside and enjoy the climate as with over 300 days of sunshine each year golf days and long lazy lunches by the beach will soon be your norm. Of course, you will be inundated with visiting family and grandchildren but making new friends is just as important.

Your Will

Sorting out your will is one of the most important things you need to do when retiring to Mallorca. Make sure you have a local will in Spain that covers all of your assets in the country. You will also need one in the UK if you still have British assets and you will need legal advice to make sure your affairs are properly dealt with. The laws of succession in Spain differ to those in the UK. If you don’t have a will stating your intentions, your estate may not be dealt with as you would have wished.

Your taxes

It may be prudent to get a good accountant too as the tax system in Spain can be very complicated especially when you bring property taxes and foreign earned income into the mix.  A good accountant will help you make head and tail of the taxation system and protect you from paying too much.

Have fun

Looking for your perfect property in Mallorca can be fun. Make a wish list of things you want and things you could compromise on and understand that requirements for finding a property to live in are different to choosing a holiday home. When you are living here year-round it is not ideal to have your property right by the communal pool as it will be busy and potentially noisy during the summer months. Walking distance to the beach is lovely, but imagine the views you can enjoy from a property that is on a hillside overlooking the sea. Our team of property experts know the Mallorca very well and can help you consider areas that would suit your lifestyle. Contact us today if you would like help finding your dream retirement property as there are some great deals to be had