Well, it’s fair to say things are recovering here in Mallorca. From when the recession initially began and the great real estate bubble burst, house prices in Mallorca like everywhere in Spain, plummeted and the market became stagnant. Buyers and investors were affected and influence by:
- Banks not giving mortgages
- Problems with the Euro and Euro zone countries linked to the Sovereign debt
Now, seven years on from the onset of the recession the real estate market in Mallorca is showing positive signs of recovery and we perceive a new-found confidence in the property market developing again. With an increase in the number of sales and a number of good summer holiday seasons, this gives buyers sense of ‘security’ when owning a property in Mallorca.
We found this quote which sums up our thoughts on the current real estate market in Mallorca:
“A funny thing happens in real estate. When it comes back, it comes back up like gangbusters.” – Barbara Corcoran
Maybe Barbara was right, only time will tell…
Some of our favourite villas, Casa del Mar and Can Nurt, have undergone a fantastic transformation for the summer 2014 and our clients have loved it. With such great feedback from last year we are sure those of you joining us in summer 2015 are going to be thrilled too. There are still weeks available for 2015 but we have a feeling these villas are going to be getting snapped up pretty fast so don’t wait too long!
Casa del Mar is one of our first rental properties and we’ve seen many happy families holiday here throughout the years, with a dramatic redecoration before this summer or clients were pleasantly surprised by the changes. Many of our clients booking this seafront property in Puerto Pollensa booked before the redecoration and didn’t see the results until they stepped through the door, from looking at the photos I think you’ll agree it was a great transformation. This seafront villa is bright, fresh and spacious not to mention in one of the best areas in town. Puerto Pollensa remains a popular destination for families holidaying in Mallorca and with 5 bedrooms sleeping up to 10 people you can bring the whole family.
Like we said, Casa del Mar isn’t the only property that’s seen the end of a paintbrush this year, also having a spruce up was Can Nurt which has undergone significant changes to the outdoor terrace and pool area as well as redecoration in the kitchen, living room and dining area. Can Nurt is in an ideal location out in the countryside of Pollença without being too far from the restaurants and shops if you want to pop in to feel the atmosphere in town.
We’re looking forward to updating you on what properties we’re adding to our collection and the old faithfuls that get a modern freshen up. Watch this space for more news, if you can’t wait and want to see what’s going on in Mallorca right now then head over to take a look at our webcam of the seafront in Puerto Pollensa.