Puerto Pollensa Travel Guide
Before You Go
Flights
Package Holidays
Latest Special Offers!
All-Inclusive Hotels
Hotels & Aparthotels
Private Villas/Apts to Rent
Villa Companies
Local Rental Agents
Cruises
Car Hire
Airport Transfers & Taxis
Travel Insurance
Late Deals!
Currency
Holiday Shopping
Background Info
Language
Books
Events & Fiestas
Climate & Weather
Art & Culture
Flora & Fauna
Links
Discussion Forum
Once You're There
Maps
Airport Directions
Tourist Information
Eating Out
Buses & Trains
Music & Entertainment
Excursions & Days Out
Shopping & Markets
Kids
Beaches
Walking, Cycling
Boat Charters
Sailing/Watersports
Market Place
Boats & Yachts
Property For Sale
Businesses For Sale
Property Services
Local Services
MouseMats & T-shirts
Computers
Internet Services
Virus Protection
PuertoPollensa.com discussion forums

Go Back   Pollensa Forum > LIVING & WORKING IN POLLENSA > Living & Working in the Pollensa Area

Living & Working in the Pollensa Area This forum is for any comments, questions and advice about living (permanently or temporarily) and working in the Pollensa area. Aimed at ex-pats, property owners etc.

Like Tree19Likes

Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 04-02-2017, 09:39
**
 
Join Date: Jun 2015
Location: Manchester UK
Posts: 13
Default PP property and Brexit

Anyone any thoughts on the state of the PP property market in 2017:
prices rising/falling?
who's buying/selling (locals/Spaniards/Brits/Germans/Others?)

Has there been any noticeable impact from the Brexit vote?

I have been looking to buy for a while but have my doubts now.

Any insights much appreciated.

- Bert
Reply With Quote
Sponsored Links
  #2  
Old 04-02-2017, 14:28
*****
 
Join Date: Feb 2008
Location: Lancaster
Posts: 682
Default

I'd have thought that the uncertainty of brexit, combined with the current rental rules, would suppress prices, certainly until the U.K. Finally leaves the EU (i.e years).

I cannot imagine that the Spanish will discourage tourism, or ex-pat property ownership.

Be interesting to hear other opinions, particularly from forum members who own property in the port.
Reply With Quote
  #3  
Old 04-02-2017, 15:03
*****
 
Join Date: Feb 2008
Posts: 625
Default

We plan to buy but have to wait until 2019, just after we leave the EU. Who knows what will happen with the market, but I guess the exchange rate is the issue for Brits as other nations may not have the problem as their currency will probably be more stable against the Euro
Reply With Quote
  #4  
Old 04-02-2017, 15:05
*****
 
Join Date: Feb 2008
Posts: 149
Default

I was trying to downsize and sell my town appartment,but following the brexit result my british buyer pulled out because of uncertainty.
I will lower my asking price and try again this year. Dont want to leave as I love the area so much,but dont need 3 bed/3 bath etc any more.
Reply With Quote
  #5  
Old 04-02-2017, 20:49
**
 
Join Date: Jun 2015
Location: Manchester UK
Posts: 13
Default

Thanks Guys.
We were very close to buying last March. The apartment had been on the market six months, so we put a bid in, just under asking. The seller promptly removed it from the market. Then it briefly reappeared at 40k above their original asking price, and has since disappeared again.

I'm inclined to 'wait and see'. It's quite possible that there could be other 'exits' which would hurt/kill the euro and that would be a good opportunity for us....now where's my crystal ball.......
Reply With Quote
  #6  
Old 05-02-2017, 01:01
*****
 
Join Date: Apr 2012
Location: Maidenhead Berkshire
Posts: 111
Default

We own a villa and an apartment. We are looking to sell the apartment to purchase another villa. I am without doubt that villa prices are rising. There are great shortage especially near the Port available. The one we have seen and interested in has another buyer interested. The price has been increased by 30,000 in 6 months. The agent said this was because there are few available and more people are looking to purchase villas now as the rental is so good. The British, Scandinavians and Germans are buying villas. On the other hand we haven't been able to sell our apartment which has been on the market since October. The agent said that there are just so many apartments available that buyers have a good choice. Also the fact that officially the renting of apartments is illegal has not helped as people are worried about this. I don't think Brexit will have any effect at all on the market. PP is inclusive of many nationalities some not at all worried about Britain. If you intend to buy then just get on and do so. In a couple of years there may be something else to worry about - who knows!
rebel likes this.
Reply With Quote
  #7  
Old 05-02-2017, 15:49
*****
 
Join Date: Feb 2008
Posts: 149
Default

I totally agree Tomir, as a prospective purchaser,whether its for own use or rental it puts a different spin on things.Mine is an ideal home and we renovated it as such but new rental laws are now making it unviable for some dwellings,and rightly so!
Reply With Quote
  #8  
Old 05-02-2017, 18:15
*****
 
Join Date: Aug 2009
Posts: 575
Default

We are involved in construction in the UK & like all our colleagues in the trade our business has gone up a 100 % since Brexit, it seems to have had a wonderful effect, i think that prices in the port will now start to rise this year.
Nick, Bekki and Tomir like this.
Reply With Quote
  #9  
Old 05-02-2017, 18:24
PP76's Avatar
*****
 
Join Date: Feb 2008
Location: South Ayrshire
Posts: 530
Default

We bought a villa in October and although the exchange rate was poor I think prices will increase to compensate for this.
Tomir likes this.
Reply With Quote
  #10  
Old 05-02-2017, 19:11
*****
 
Join Date: Jun 2010
Posts: 328
Default

Whilst not a financially-based reply, the clock never stops ticking and if you have the ability to go for it, then do so.

Mallorca is such a popular destination and will always be in huge demand by buyers throughout Europe, as it is so-close.

There will always be some deals that work out in your favour, and others that don't, but if you are serious about doing it - Go for it. I don't think that you will ever regret it.
PP76, debz1, Lorenzo and 5 others like this.
Reply With Quote
  #11  
Old 06-02-2017, 18:45
*****
 
Join Date: Apr 2012
Location: Maidenhead Berkshire
Posts: 111
Default

Totally agree that is why we want to buy another villa. From reading various sites it seems that Pollensa has a reputation of being 'upmarket' and is building on that. All good stuff for property owners. Once again few properties are available to rent and prices are sky high. This is such a good turn around from a few years ago when people were worried that it would become less exclusive. I'm hoping to secure a villa by the start of the season but there are just so few around unless you want to spend over a million.
Reply With Quote
  #12  
Old 06-02-2017, 18:51
Banned
 
Join Date: May 2009
Location: England
Posts: 1,710
Default

Quote:
Originally Posted by Tomir View Post
Totally agree that is why we want to buy another villa. From reading various sites it seems that Pollensa has a reputation of being 'upmarket' and is building on that. All good stuff for property owners. Once again few properties are available to rent and prices are sky high. This is such a good turn around from a few years ago when people were worried that it would become less exclusive. I'm hoping to secure a villa by the start of the season but there are just so few around unless you want to spend over a million.
Why were people worried that the area would become less exclusive??
Reply With Quote
  #13  
Old 06-02-2017, 19:27
*****
 
Join Date: Apr 2012
Location: Maidenhead Berkshire
Posts: 111
Default

Quote:
Originally Posted by Nick View Post
Why were people worried that the area would become less exclusive??
I think it was to do with the Pollensa Park before Fergus and all the all inclusives which were popping up. I think it was thought the PP charm would disappear and be replaced by something else. People were concerned that restaurants would close etc etc. I remember years ago when Burger King cropped up all the concern then too.
Reply With Quote
  #14  
Old 06-02-2017, 20:16
Banned
 
Join Date: May 2009
Location: England
Posts: 1,710
Default

Okay. See what you mean. Totally agree and I've said before that all inclusive hotels would ruin the charm of PP. Thankfully they don't seem to have appeared.
Always a place for them, and I've used them, but not in PP!
Tomir likes this.
Reply With Quote
  #15  
Old 07-02-2017, 21:37
*****
 
Join Date: Apr 2012
Location: Maidenhead Berkshire
Posts: 111
Default

Today We did a search of villas available for sale the other end of the island. We were quite taken back by the prices. The agent we spoke with said villas are in demand and selling so prices are increasing quickly. Seems this isn't just Pollensa then. Not sure if this anything to do with Brexit as it seems from our conversations that buyers are from a selection of countries.

Oh and for the record nowhere matches Pollensa so our search for a villa continues.
Gp1602 likes this.
Reply With Quote
Reply

Bookmarks

Tags
brexit , property

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are Off
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Property Maintenance Millipet Living & Working in the Pollensa Area 9 24-02-2013 15:57
When to Buy Property in PP Luckyone Living & Working in the Pollensa Area 4 27-11-2009 12:50
Property Tax corky Living & Working in the Pollensa Area 1 05-03-2004 22:27


All times are GMT +1. The time now is 08:20.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0
(c) Copyright Holiday Webs Ltd 2011