Mallorca Property Market Update December 2008 from Spanish Hot Properties

Posted by SpanishHotProperties 200 days ago (http://www.spanishhotproperties.com)
Category: World & Business

Well it’s been a pretty interesting year to date with the current credit crunch adding further fuel to an already depressed market. The oversupply of Spanish property at the bottom to middle end of the Spanish property however the Balearic Islands and especially Mallorca has faired better than the rest of Spain explained Nick Stuart managing director of Spanish Hot Properties, Spain’s number one internet based real Estate Agency. “The forward thinking government of Mallorca through its planning laws and not allowing an over supply of housing stock has helped to keep Mallorca as the premier place to buy Spanish Property in Spain” explained Nick. “Obviously no place is currently immune from the credit crunch and European wide housing market crash but Mallorca is weathering the storm better than most” Said Nick

There are still fantastic deals to be had in Mallorca none better illustrated better than the new homes offered by one of Spanish Hot Properties SL favorite developers Taylor Woodrow Espana. Savvy buyers looking to move to sunny Mallorca can now secure some incredible deals and the decision to buy a new property over a resale one could be a particularly shrewd move. The house builder says that special discounts and incentive packages, no upward chain and lower maintenance and running costs means there’s never been a better time to buy new.

New homes are designed to accommodate modern lifestyles and offer features such as en-suite bathrooms, fitted wardrobes, plenty of built-in storage, modern appliances and security systems not found in older homes. A good location, imaginative design, modern building materials and attractive, well planned layouts all help to safeguard re-sale values. Those buying early on a new development on the island may well benefit from an up-lift in prices as well as the opportunity to snap up the pick of the plots

New properties have also long claimed benefits over old in terms of energy efficiency and environmental impact. The cost of DIY and maintenance of an older property is often underestimated but research* has shown that this can mount up to over £6,000 a year per household. Victor Sagué, sales and marketing director for Taylor Woodrow de España, said: “There is currently much speculation and comment about the state of the Spanish property market, but smart buyers know that there are some great deals on new build homes out there at the moment. In Mallorca many resale properties are either more expensive or the same price as new homes without the added benefits. This, combined with the fact that you receive more help to make your move affordable and hassle free, and save costs when you move in, makes a strong argument for buying a new home over a second hand property.“With the island being a firm favorite amongst the rich and famous, it’s no wonder Mallorca’s popularity is still going strong. House hunters keen for a slice of the exclusive lifestyle Mallorca has to offer should find what they’re looking for at our developments, which are dotted in stunning locations across the island. All of the homes being built offer a high standard of living, with stylish and contemporary finishes throughout.” Sun worshippers looking for a home close to the beach will love the apartments at Taylor Woodrow de España’s Es Port Verd development near to Cala Millor. Set in a picturesque and tranquil location with the beach practically on your doorstep, the apartments at Port Verd offer spacious and low maintenance living, perfect if you’re planning to spend part of your time in the UK. Residents benefit from landscaped gardens, a communal swimming pool and a private parking area. Prices start from £179,016** for a two bedroom apartment. Mallorca may be famous for its beaches but it’s also the perfect place for those who wish to escape the crowds and enjoy long walks in its rugged landscape. There is a huge choice of routes to take, from long hikes through the Tramuntana mountain range to more gentle strolls through pretty woods or along beautiful coastal paths. Some of the best walking terrain in Mallorca is in the north of the island where Taylor Woodrow de España offers a selection of stylish homes at Pollentia Mar in Puerto Pollentia. This collection of two and three bedroom apartments is located just 50m from the beach and the famous Voramar seaside promenade. There is a swimming pool where purchasers can relax and enjoy the sun and there are parking spaces in the basement. Prices start from £213,946**.Victor ads: “Demand from all over Europe for homes on Mallorca has resulted in a limit to the new land available, pushing prices up. Its popularity has meant that it is becoming increasingly difficult to find affordable new properties for sale. Those looking for a solid investment with steady capital growth should make sure they see what this beautiful island has to offer before costs rise.”

Spanish Hot Properties very much share the view of Taylor Woodrow Espana about new property in Mallorca and with prices being reduced by 25% or more from a year ago Taylor Woodrow new property in Mallorca represents excellent value and also Spanish Hot Properties has a very special promotion in addition to the discount offered by Taylor Woodrow Espana.

Anyone wishing to contact Spanish Hot Properties can do so via phone or online at http://www.spanishhotproperties.com/.

HQ Mailing Address:
Spanish Hot Properties SL
Gerald Brennan 46
Alhaurin El Grande 29120
Malaga
Espana

CONTACT VIA TELEPHONE
UK: 0207 558 8355
International: 0034 952 906 681
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