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Welcome to the October MJC Associates Newsletter & Update. October 2012
The summer is officially over, but only officially. The sun has not stopped shining and the temperature today is 26C and the evenings continue to be balmy and beautiful. |
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WHAT WILL HAPPEN WITH SPAIN'S ECONOMY ? | |
is the key question for most potential buyers "
Well - the true answer is "Nobody knows" .
My guess is that within the next two or three weeks, Spanish President Mariano Rajoy will ask the EU for a bale out but he is either much cleverer than we suspect or is as lost as the rest of us ! There are suggestions that he will apply for the funds but only in order to stabilise borrowing rates.and not actually use the funding provided. He has certainly taken many steps towards reducing the debt.
Definition of "bale out" - remove (water) from a boat by dipping and throwing over the side.
The establishment of a Bad Bank (due mid November) will be interesting to see and particularly whether the banks actually own up to the real situation which they have generally failed to do so far.
However this ties in with the definition fairly well.
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| THIS YEAR SO FAR | |
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After a long hot summer tourist numbers are up, even the Mallorcan hoteliers have admitted that it has been a good season -unusual for them as they are traditionally gloomy.
An increase in the number of Scandinavian buyers with a sprinkling of Russians has helped the market but as always the Germans and the British are the main buyers.
In all markets the well presented properties with sensible prices realise sales. There are still too many properties on the market with unrealistic prices - particularly those which have been for sale for two years or more.
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WHAT IS THE MARKET ? | |
As always demand in the South West of Mallorca continues to predominate and interest in mid- price fincas has been noticably lower. Villas with modern bathrooms, kitchens, and good views still attract interest. However we are seeing an upturn in the higher priced properties and also in the very attractive South East of the island. Areas around Cas Concos, Santanyi, and in the hinterland of Cala d'Or offer attractive properties and prices.
Sales have been better. Larger and luxurious villas in the best locations are in demand. Smaller and country properties continue to be difficult to sell. Across the board, we can say that it is the properties which are well looked after, well presented and above all realistically priced, which are selling.
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Jorge Lorenzo is well placed to win the World Championship of the big bikes - another Mallorcan superstar.
Rafael Nadal has been out of action but expects to be back in combat shortly.
Real Mallorca - the football team are currently N� 7 in the Spanish league just 3 points below Real Madrid.
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NEW LISTINGS | |
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FOR MORE INFORMATION CLICK ON THE PICTURE
12061
12063
12064
12065
12066
12067
And of course there are many more properties for you to view at :
www.mjcassociates.net
Please also note that we have several "Off Market" properties where the owners prefer that we handle the marketing of their property more discreetly. Obviously, these properties are not listed on our website, but we are happy to look through these listings for you. |
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JUST FOR FUN | |
That's all for this Autumn - with kind regards from the MJC team except that my boat is for sale !
Enquiries to mjc@mjcassociates.net
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