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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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MARKET REPORT FIRST MALLORCA
3rd QUARTER 2009
There is a general feeling that the worst is over ………..
The real estate market on Mallorca is clearly picking up and the usual confidence in investments in the island is slowly but surely returning. We see the German and now also British buyers actively in the market again, furthermore, there is renewed interest from many niche markets such as Denmark, Switzerland, Austria, the Czech Republic and Sweden.
There are attractive prices on specific properties to be obtained and the general product selection is excellent. This is no doubt a very good moment to explore the real estate opportunities on the island. Saying that one has to be aware that Mallorca has never lost its appeal to the vast majority of purchasers and renters.
The general economy in Spain together with the real estate market on the mainland Spain have little to do with local island conditions. Here we also distinguish between an international market for real estate and the local economy. While the Spanish buyers are still holding back, Spanish banks are returning to almost normality with mortgage conditions and the international clientele is continuing to demonstrate their interest and buying force.
First Mallorca´s turn-over has experienced a reduced income by approximately 22 percent. We now face the best time of the year for purchase and rental decisions: Let us see where the market tendency will lead us as we look to the autumn and winter. The signs are promising judging by booked viewing appointments and inquiries.
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