The Sunday Times
“German investors…..are now buying back property in their favourite haunts, such as Mallorca, so what does this mean? Is now the time for smart British investors to follow German buyers back, … at least in preferred strongholds such as Mallorca?
In prime areas such as Mallorca, the window of opportunity may shut sooner than people think. Vendors are still open to offers, and it’s far easier to negotiate with them just before prices start rising than just after, but for the first time in 18 months, Agents are actively having to look for property, so the supply of properties priced to sell is getting tighter again.”
If you are looking to purchase an investment property in Mallorca, or any of the other Balearic Islands, you will need to take into account the total costs of the purchase, these include the relevant taxes, licenses (if renting particularly for holiday rentals) and the yearly costs of maintaining the property. For some of our clients they prefer that we takeover the management of the property for them, taking over this reponsability and relieving the owners of this burden.
Please contact us today and together we can start planning your escape!