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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... |
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We introduced a new feature to our new autumn / Winter brochure, a Small square barcode called a QR-Code (Quick Response Code). |
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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... |
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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... |
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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"...
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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... |
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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... |
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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. |
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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?" ... |
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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"... |
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Now is the moment to invest in Mallorca
While Europe is still suffering unusually cold weather, we are enjoying blue skies in Mallorca, although temperatures might still be slightly below 10º C in the mornings and to quote an expression understood by our German speaking clientele "you need to dress like an onion in this climate and towards lunch time it gets warmer and you feel like taking off some layers".
We have experienced a very positive start to the New Year with an active January on the real estate market, successfully closing 9 sales with prices up to 2 m €. This is for the beginning of the year, which normally is a quiet time, nearly as unusual as the current weather in Europe. Good news of course, which after studying market figures for 2009 that show a general loss in turn-over of real estate sales on Mallorca of approximately 25 %. Alas First Mallorca was not spared. As good accountants we plan 2010 in a cautious way, keeping last year´s figures in mind.
On the other hand the market shows us a clear push in the direction of an overall recovery. Purchasers and renters are very cautious where their money is concerned: inflation is a subject that is discussed more than once with investors. Real Estate prices are attractive now and motivate the finalisation of sales transactions. Renters who were on stand-by for a final purchase, are on the hunt for the perfect property to secure their funds. This seems to be the general mood. Hence no exaggeration in saying: this is the moment to invest in Mallorca!
The purchasers this January were of German nationality but also British, Spanish and Scandinavians. The buyers´ market has made owners aware of a need for prices that reflect the new market behaviour. This in itself has re-animated the market. As we have said all along: Mallorca has never ceased to be of interest for a wide range of property purchasers. If, in the last months, they have not taken their purchase decision, they have merely delayed it and have not "given-up". On certain days of the week we experience an increase of interest in our webpage by up to 100 %. Most importantly we are experiencing more active viewings, partly resulting in sensible offers and thus concluded deals. A constant flow of international inquiries reserving future property viewing visits is giving us a healthy outlook for the rest of 2010.
It feels good to be able to send you this short and positive market report during the first few days of February. This is equally the time to enjoy a most beautiful countryside on Mallorca with almond blossoms now emerging. The 19th International Bicycle Race will take place from 7th to 11th of February. We must not forget,- Mallorca is first and foremost an island that stands for enjoyment and fun! We are looking forward to seeing you again here shortly.
With best regards
Robert Maunder
Chief Executive
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