 |
|
|
|
 |
|
|
| News & Articles |
 |
|
|
|
|
This is a tale about a turtle who lived in a very large pond full of cool, clear water. For many years, he was quite content swimming lazily around the large pond, or basking in the sun on top of one of the big... |
|
|
|
|
|
|
|
|
|
|
|
|
We introduced a new feature to our new autumn / Winter brochure, a Small square barcode called a QR-Code (Quick Response Code). |
|
|
|
|
|
|
|
|
|
|
|
|
On Friday the 21st of October First Mallorca, the leading Mallorca estate agency, celebrated the opening of their 5th and new office in Port Adriano together with the launch of their new autumn/winter brochure... |
|
|
|
|
|
|
|
|
|
|
|
|
First Mallorca will celebrate an event together with three other strong brands from the island – Port Adriano Marina, Macià Batle and Marc Fosh – and the response to our invitations does not stop... |
|
|
|
|
|
|
|
|
|
|
|
|
A few days ago, we took part in an event held by Banco Sabadell in the Hotel Castillo Son Vida. During this event, the President José Oliu made a clear remark, "We do not live in times of crisis any longer, we live in a new market reality"...
|
|
|
|
|
|
|
|
|
|
|
|
|
The Spanish construction industry is in a sorry state, with real estate sales stagnant - or so the news papers tell us almost daily. But there are one or two exceptions, notably on Mallorca... |
|
|
|
|
|
|
|
|
|
|
|
|
Mallorca offers a great selection of international schools totalling 10. Amongst them there are British, French, Swedish and German schools, teaching in their native language but incorporating Spanish and in most cases additional languages... |
|
|
|
|
|
|
|
|
|
|
|
|
It may not look like it, but…
we open in September! First Mallorca clearly on an expansion course has recently promoted Alex Schmitz to the office manager of their 5th office on the island. |
|
|
|
|
|
|
|
|
|
|
|
|
After our last market report a friend and client commented to us, "Your report appears like a summary made for the share holders of a multi-national company. Why do you feel the need for this?" ... |
|
|
|
|
|
|
|
|
|
|
|
|
It was the perfect atmosphere for a perfect event and even the sun smiled broadly on Saturday, 16th of April when First Mallorca presented its excellent new brochure with the curiosity arousing title "Tasty Properties"... |
|
|
|
|
|
|
|
|
| |
|
|
How does First Mallorca perceive the
real estate market in 2010?
We are positively surprised the market is gathering more and more strength and deals are closing at a rate higher than foreseen at the end of last year. This is the best motivation for a prepared and eager team of 20 sales executives showing properties daily for sale and for rent, informing clients about the joys and advantages of the island. Personally, I have always thought statistics require careful analysing... but our figures today are simple facts, - market reality and not wishful thinking:
In the first 5 months of this year First Mallorca has sold 50 properties with a total turn-over of 57,650,000 €. This shows an average price of 1,153,000 € per property. The individual selling prices ranged from approx. 300,000 € up to 6m €. Furthermore we have concluded 58 long term rental agreements with an average rental price of 3,800 € per month. These rental prices range from 750 € to the occasional rent of 34,000 € per month.
The strongest nationalities purchasing or renting at present are the German speaking countries: German citizens mainly and to a lesser extent the Swiss and Austrians. We have also finalised regular sales with British and Spanish purchasers and behind their interests are the Danish, Swedish, Russians and the neighbouring countries to Russia.
The British market is showing strong signs of recovery at this moment. We are happy to note a considerable increase of website visits, inquiries and viewings. The pound is gaining an advantage on the back of the weakening Euro reducing prices for the UK market and creating new investment from international customers. The general mood for German investors is that the insecurity over the future of the Euro directs them towards owning real estate in Mallorca though helping them to sleep sound at night. Mallorca remains a favourite destination for second home purchases - clearly the life-style, climate, facilities and accessibility are considered even more when money is placed with pure logic and cool accounting criteria.
A further figure interesting to know: our 50 sales show an average negotiation margin of 14.8%.
We will forward a new outlook on market developments at the end of August. In the meantime we wish you all a very enjoyable summer.
With best regards
Robert Maunder
Chief Executive
|
|
|
Other languages