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 Is it a good time to be buying property in Mallorca?

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KDFields




PostSubject: Is it a good time to be buying property in Mallorca?   Mon Mar 23, 2015 10:46 am

Hi,
I´m researching this..
I have been writing a guide too

Any ideas welcome
xKD
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chelsearo




PostSubject: Re: Is it a good time to be buying property in Mallorca?   Mon Mar 23, 2015 12:42 pm

I think what with the sterling versus the euro, it as good a time as any.

You can get good value, but dont always trust the estate agents shop window, I know of a studio flat that sold for 20 thousand euro but one is up for sale in the same block for 100k!

make sure you get an english speaking notary, I can get you the details if you want, we used her when we bought our place.

What area are you thinking?
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Daryn
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PostSubject: Re: Is it a good time to be buying property in Mallorca?   Mon Mar 23, 2015 4:06 pm

I have never lived over there or bought property but I guess if they are dropping prices it could be a good long term investment.

I love it over there but not sure I would buy property myself, you hear of too many bad stories, friends of mine lost alot of money just renting a bar let alone buying.

The only advice I can give is do lots of homework, then when you think you have all the information look it up and ask around again.

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Mark
Majorca Mad
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PostSubject: Re: Is it a good time to be buying property in Mallorca?   Mon Mar 23, 2015 4:38 pm

On the face of it, I'd say it's pretty good time to buy, if you're interested. Prices remain low from the recession, and the exchange rate is about as good as it's been for about 7 years.

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KDFields




PostSubject: Thank you!   Tue Mar 24, 2015 9:50 am

Thank you for your comments
I´m not buying property myself,  I am building a guide on buying property,
so, I am writing about all the different areas, aspects, possible problems which may arise, what to look out for, etc.
xxKD
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Is it a good time to be buying property in Mallorca?

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