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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.

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Old 17-06-2010, 14:59
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Default At last a positive report!

Read this article and thought I would share This is a First Mallorca positive post - glad we decided not to sell our villa!

* We are positively surprised the market is gathering more and more strength and deals are closing at a rate higher than foreseen at the end of last year. This is the best motivation for a prepared and eager team of 20 sales executives showing properties daily for sale and for rent, informing clients about the joys and advantages of the island. Personally, I have always thought statistics require careful analysing... but our figures today are simple facts, - market reality and not wishful thinking:

In the first 5 months of this year First Mallorca has sold 50 properties with a total turn-over of 57,650,000 €. This shows an average price of 1,153,000 € per property. The individual selling prices ranged from approx. 300,000 € up to 6m €. Furthermore we have concluded 58 long term rental agreements with an average rental price of 3,800 € per month. These rental prices range from 750 € to the occasional rent of 34,000 € per month.
The strongest nationalities purchasing or renting at present are the German speaking countries: German citizens mainly and to a lesser extent the Swiss and Austrians. We have also finalised regular sales with British and Spanish purchasers and behind their interests are the Danish, Swedish, Russians and the neighbouring countries to Russia.

The British market is showing strong signs of recovery at this moment. We are happy to note a considerable increase of website visits, inquiries and viewings. The pound is gaining an advantage on the back of the weakening Euro reducing prices for the UK market and creating new investment from international customers. The general mood for German investors is that the insecurity over the future of the Euro directs them towards owning real estate in Mallorca though helping them to sleep sound at night. Mallorca remains a favourite destination for second home purchases - clearly the life-style, climate, facilities and accessibility are considered even more when money is placed with pure logic and cool accounting criteria.
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Old 17-06-2010, 18:43
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Very interesting, Eleanor! We have certainly noticed in the last two years that we are getting far more German and particularly Russian guests renting - for a couple of years before that the Germans were nowhere to be seen - good to know that the rest of Europe seems to be in some sort of recovery (obviously quite a strong recovery if they can afford to pay 34,000 euros a month in rent!)
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Old 17-06-2010, 19:56
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Yes I thought that too Kate! Perhaps worth heating the pool lol!

I wonder what is expected for that sort of money??
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