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Anchorage Penthouse
Newsletter 17     March 2009   
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To start with some GOOD NEWS - there is light at the end of the tunnel! 
The FINANCIAL TIMES recently wrote:
In 5th place Mallorca. The much publicised Spanish property downturn has not had much of an impact on the main luxury market in the Balearics because of a balanced supply and demand situation driven by fairly tight control on new development and continued purchases by domestic and overseas buyers.
Nevertheless we are finding Mark Webber's recent comments shared by many:
MARK WEBBER The Formula 1 race driver said in an interview in the Sunday Times this week-end when asked:
"What's the most important lesson you have learnt about money ?
He replied: "Hold on to what you have. I am pretty nervous at the moment and am keeping hold of all I earn and that is my plan for the foreseeable future"
The above make good sense. Buyers are cautious although recognising that the best place for your money at the moment is in "bricks and mortar". Especially in MALLORCA of course!
In any case, the sooner the various government leaders stop having "meetings" about "meetings" and actually start DOING something - the better.
Obama's $870 billion package to create jobs for 3.5 million Americans works out to a quarter of a million dollars per job - that should work if not squandered.
In Spain there is much squabbling between the two main political  parties over some gossip between the Minister of Justice and a leading investigative judge which has resulted in the Minister's resignation. Again - it's time the political parties stopped bickering over trivialities and put their heads together re the economy.
Another more famous quote to go with that: "I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
                                                   Thomas Jefferson
Right, enough political ravings and on to more tangible matters!
The comments written here are very simply Michael Cunnington's understanding of the matters mentioned and in no way should be taken as an official view - any comments from readers will be welcomed. 
There have been some reductions in asking prices but mainly in the medium priced properties -   €400 000 to € 2.5 million. The problem is that any potential buyers still appear with sharp pencils and want even further reductions. So if you are not pressed to sell - sit tight and wait out the storm. Not so good for my business but life's a ......... -   I won't go on!

You will see below some of our "best bargains" and, in my opinion, we are nearing the lowest prices as Mallorca is always resilient. But first, let me just present you with some of our newest listings.

09003 Anchorage PenthouseSensational frontline penthouse in the exclusive Anchorage Club.
The very best frontline penthouse in Mallorca. 4 bedrooms suites, equipped kitchen, large living-dining room. Excellent roof terrace with dining area, BBQ and pool. Excellent development with sea access. Undisturbed views to the sea.
Guide Price: € 3.300.000
Ref: 09003                                                                             Learn more... 
09002 Genova VIllaStylish Luxury Villa in Genova.
This stuninng villa has amazing views and has an ultra modern design. Impressive master suite, 5 guest suites, open plan lounge and dining area, Boffi kitchen, fitness area and indoor spa, wine cellar. Surrounded by large terrace with heated pool and terraced garden. Separate guest house and double garage.
Guide price:
 € 6.500.000   
Ref: 09002                                                                            Learn more... 
09006 Portals PenthouseFabulous penthouse in exclusive Puerto Portals.
Puerto Portals penthouse apartment with fabulous views over the port and the sea. 2 bedrooms, 2 bathrooms, American kitchen, living-dining room opening up onto spacious terrace with staircase to roof terrace with plunge pool. Completely refurbished to a high standard and sold with parking space.

Price: € 995.000                                                                    
Ref: 09006                                                                             Learn more... 


08094 Son Vida VillaLuxury south facing Son Vida Villa.
Villa with marvellous views over golf course and partial sea comprising large master suite with 2 baths, 3 bedroom suites, large living room, 2 dining areas, deluxe open kitchen, separate guest suite, and extensive covered terraces. Surrounded by  beautiful landscaped garden with pool and Jacuzzi.
Price reduced from 4.2mio € to 3.2mio €  
Ref: 08094                                                                            Learn more... 

08063 Porto Petro VillaTraditional Mallorcan style Frontline Villa

In Porto Petro with good private sea access. The villa contains 5 bedrooms and 4 bathrooms, attractive large living room, separate dining room, good and recently refreshed kitchen, separate guest suite and courtyards and ample terraces with heated pool. 

Price reduced from 2.2mio € to 1.9mio €
 08063                                                                             Learn more...
09004 Sencelles FincaBeautiful country home with great views.
Priced to sell quickly! Stunning mountain views. 4 en-suite bedrooms, 2 separate guest suites, study/7th bedroom, bright spacious lounge with fireplace, fitted country kitchen with dining area, TV room, and built-in cinema. Surrounded by terraces and extensive grounds with large pool.

Priced to sell: €1.750.000
Ref: 09004                                                                            Learn more...
08029 Calvia Finca 
Traditional finca in the Calvia countryside.
Completely renovated with 5 bedrooms, 3 bathrooms, 1 guest toilet, 2 spacious reception rooms, lovely country kitchen, separate guest house and garage. Surrounded by gardens and terraces with pool. 12.000m2 land.

Price reduced from €1.950.000 to €1.695.000
Ref: 08029                                                                   Learn more...

08047 Santa Maria FincaBeautiful country house with magnificent views over orange groves to mountains.

Refurbished 300 years old with 4 bedrooms, 3 bathrooms, country kitchen, dining room, living room w/ fireplace, study, art studio and cloakroom. Surrounded by beautiful mature gardens with pool, patio, and lovely covered terrace.

Price reduced from €1.425.000 to €1.275.000 
Ref: 08047                                                                     Learn more... 

08050 Anchorage StudioSuper one bedroom apartment in the Anchorage Club.

With 78m2 living area on two levels the apartment contains one master suite, living/dining room with open fireplace,  American kitchen, and guest bathroom. 27m2  terrace with views. Excellent community with gardens, 5 pools and 24h security. 

Price reduced from €485.000 to €395.000 
Ref: 08050                                                                    Learn more... 
That was all for now. We invite you to have a look at our website for further inspiration and our weekly featured properties,
Sincerely yours,
Michael Cunnington
Michael Cunnington
MJC Associates
Tel: +34 971 57 99 57