5 things to look for in a holiday home

When clients are looking for a holiday home in Mallorca, often the list of considerations vary, but the common ones are below. They can be a real investment opportunity if you choose wisely.

Location

Naturally location is top of the list, and it’s not difficult to work out why. Holiday makers truly value a properties proximity to the area they are visiting, even if just for convenience more than anything else. Another bonus of fabulous location is the potential property views, especially if sea views are involved.

Interior Style

Interiors are an extremely personal thing, but the styling of a property can make or break a selection. Every individual is looking for something different in terms of style, but the aesthetics of the home are more important than you may think. Considering it’s going to be the focal point of the holiday, guests want to feel at home as soon as they enter a property, so it’s important that the decor invites a welcoming atmosphere. Neutral is always best. Should the ideal property be found and it needs a small reform to bring it up to standard, we can help.

Privacy

Half of the reason a holiday is selected is to be able to unwind from the busyness of everyday life, and part of relaxation is privacy. More and more holiday makers are looking for holiday lets that have private terraces and outdoor areas to enjoy outdoor living in peace.

Space

Space, space and more space. One of the biggest and more important aspects of any holiday home selection is ensuring that there is plentiful space for the whole party, after all, being on top of one other certainly isn’t relaxing. Create an illusion of larger spaces by ensuring minimal clutter and well-lit rooms. Also consider if you let out the property having twin beds in one bedroom and a sofa bed in another so it increases the party size to 6. With blended families and grandparents taking grandchildren away nowadays, space is key.

Wow factor

If the home has that little something extra, it’s more than likely going to be extremely popular with holiday renters. Hot tubs and private pools are a draw and would be extremely popular with holiday makers, as they are generally looking for something that they don’t have at home, to make the trip extra special. Onsite facilities such as children’s pools, tennis courts and restaurants and bars also draw in renters.

Of course, everyone is different and you may want completely different things out of your holiday home, but if you are looking to rent it out considerations need to be location near amenities; space and number of beds; plus points (to help market it), ie on site facilities. Talk to one of our team if you are thinking of buying a holiday home. Their experience will help point you in the right direction. Property in Mallorca is always popular as a rental and is a wise investment.

Buying & selling property in Mallorca post Brexit

Brexit has dominated the headlines over the last few years and now that it is finally done, things aren’t drastically different. The Withdrawal Agreement signed by the British allows for a transition period until 31st December 2020.

The legalities

If you live in Spain for three months or more a year you should get your documents in order. That means becoming a resident with an NIE and Spanish drivers licence. This will entitle you to free healthcare here in Spain.
The process of buying and selling property in Spain will not change for the British. It’s already the same process for non-EU nationals like the Swiss, Norwegians and Americans, so there’s no reason to expect it to be any different.

We don’t yet know whether Brexit will affect British demand for buying property in Mallorca, but it shouldn’t. The British were buying here long before they were in the EU and if anything, buying a home here is now more straightforward due to legislation passed in 2019.

Why buy here?

The Spanish government encourages other nationalities to invest here and The Golden Visa is a prime example of that. Over the last decade the Spanish property market has seen a steady increase in prices, standards and quality. Last year the price of property in Spain generally was up 3.6% in the 12 months to December 2019 according to valuation firm Tinsa. These statistics are a national average and the price of property in Spain does vary from region to region.

The real thing to watch is the value of the GBP. Choosing the right time to buy when you will get the most for your money is wise. Speak to one of our property specialists who can introduce you to currency specialists who can lock in an excellent rate for you on the exchange.

If you are thinking of buying or selling your property in Mallorca, talk to us today. Our team have many years’ experience in dealing with EU and non EU property transactions so they can guide you through a stress free process.

The benefits of buying off-plan

Whether you are looking for a villa, holiday home or place to retire to here in Spain, buying off-plan has many benefits. Here in Mallorca, we work with tried and trusted developers that know how to choose fabulous locations and top-notch fixtures and fittings.

Firstly, you’ll be buying a brand-new property that benefits from modern design and the latest in energy efficiency. Modern open plan Mediterranean style living is the norm and many properties here are built focusing on the outside space and vista. Open plan interiors are an intrinsic part of the Mediterranean lifestyle and many are built offering outstanding views.

When you buy off-plan you often get the opportunity to personalise aspects of your new property. Those could range from kitchen worktops, tiles and flooring through to adding a gym, chill out area or cinema room on the higher value villas.

Buying off-plan often means staged payments too, so you keep your money earning interest for longer. Quite often, buying off-plan means below market prices at this stage so you are getting real value for money.

What is there to think about when buying off-plan? Well, first and foremost create a list of your must haves then opt for the location that suits your lifestyle best and you can be assured of high quality design and in many cases, the additional benefit of excellent on-site facilities.

We have multilingual property specialists ready to help you through the purchasing process. You could be owning your brand-new home in Mallorca in no time at all.

Are you not interested in buying an off-plan property? Our services can be commissioned to build a new home to your specifications, or indeed to reform one you have already purchased.