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10068     

Serious price reduction - Luxury villa in Son Vida: Ref: 10068 Price : 4.250.000€

 Newsletter 38 - January 2013  
In this issue
THE MARKET
MULTI MILLION EURO PROPERTIES
WHAT HAS SOLD
THE BANKS
THE LAWYERS AND THE LEGALITIES
SOME "PRIME PROPERTIES"
GRAN PRIX
JOKE TIME!
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NEWSLETTER JANUARY / FEBRUARY 2013

 

Welcome to 2013 from Mallorca.

 

Several readers have complained that my last missive had no news and - more important - no joke !

 

Sorry but this was just an "e-blast" of some tempting properties

 

Now as a result - pen to paper and more thoughts from me:

 

First and foremost I am an Estate Agent - only a few paces in front of bankers and politicians in terms of credibility. (All our banker friends are, of course, excluded from this remark!). Not sure if we have any politicians on our books?

THE MARKET!

Having said that : here is how I really see it today:

 

2012 for us was not a great success but we are still here and managed to make some significant sales towards the end of the year. Most of our sales in 2012 were in between € 3.000.000 and € 5.000.000 achieved prices which is a higher average than previous years albeit at discounted prices.

 

We are seeing a definite increase in potential buyers at the higher end of the market. I know I have said this several times before but have to say that the trend continues ! 

 

We are seeing a definite increase in potential buyers at the higher end of the market. I know I have said this several times before but have to say that the trend continues.

    12017       12067 
      Bendinat 12017                           Valldemossa 12067

How many of these potential buyers will succeed in finding the right property within their budget is a different matter. In many cases owners are still basing their asking prices on pre-crisis levels in the hope that an offer somewhere near will materialise.

 

I think the appropriate expression is "Dream on !"

MULTI MILLION EURO PROPERTIES

There are now several high value properties on the market here in Mallorca although the queue for these is somewhat shorter ! Understandably many of these owners are reluctant to publicise these properties so please ask me if you have interest.

 

      12069  capllonc  

       

         Valldemossa 12069            Son vida 10063

 

WHAT HAS SOLD:

Those properties we have actually sold in 2011 and 2012 have all been discounted substantially although not to the levels in mainland Spain (according to the press) where discounts of 40% or more are not uncommon.We have also had several cases where agreement has not been reached on price only to find that the owner later sells for an even lower price - very frustrating !

 

Sales in the island have been better for most top-end agents in 2012. As always the South West of the island has attracted the most buyers but country properties have gained their fair share.

 

The lessons are obvious for all !

THE BANKS:

 

 

Some of the Spanish banks are starting to offer finance to foreign buyers but generally speaking at a lower percentage of Loan to Value than previously possible. Depending on the status of the buyer, 70% can still be achieved.

 

BANCA MARCHSANTADERSABADELL

 

THE LAWYERS AND THE LEGALITIES:

 

In the past few years we have dealt with various legal firms - these are some we recommend.

 

Gador Gimenez at Maria Pascual Advocats- http://www.mpadvocats.com

 

Joaquin Morell at -  http://www.bufetemorell.com

 

Jaime Grimalt at e-mail: Grimalt-Ramon@grassociates.es
 

    ABOGADOS   

 College of Lawyers                    Maria Pascual advocats

             

We use several lawyers and certainly recommend the above to achieve speedy and safe conclusions to your property transaction

 

Black money is a thing of the past: - thank goodness. MJCA as a company have always dealt only strictly in accordance with the laws as I like to sleep at night. However in order to save in the short term it is well known that in years gone by escritura values in Spain have sometimes been artificially reduced and the balance paid in cash or elsewhere.

 

These days are GONE ! Anyone involved in a Property transaction who knows of any impropriety is legally bound to disclose the information to the Spanish tax office.

 

The lawyers are now very much more meticulous in their researches. Details such as a building which is not fully registered, or a Right of Way that perhaps in times gone by would have been ignored, are now fastidiously investigated and can cause delays in completion or worse !

 

 

 

SOME "PRIME PROPERTIES"

FOR MORE INFORMATION CLICK ON THE PICTURE
 
12070  
12070
12068 
 
12068
  
12065 
12065
12066 
12066 
12050 
 12050
09088 
 

And of course there are many more properties for you to view at :

www.mjcassociates.net

 

ACTIVITIES IN MALLORCA

globo      rocksport     velo sport 

  

Many thanks for your interest - Mallorca continues to buck the trend and we are looking forward to a busy year

LONG TERM PARKING AT PALMA AIRPORT

For those who take plane from Palma de Mallorca and need to leave their car on the airport or close by, here are various possibilities.

 

 

http://www.lowcostparking.es/mallorca

 

http://www.mallorcaairport.co.uk

 

JOKE TIME!

CHRISTMAS

The one thing women don't want to find in their stockings on Christmas morning is their husband

 

NATIVITY

'The Supreme Court has ruled that they cannot have a nativity scene in Washington, DC. This wasn't for any religious reasons. They couldn't find three wise men and a virgin

 

MCCAIN GOES TO THE MOVIES

 

 

SPECIAL LAWYER TREATMENT

A lawyer dies and goes to the end of a long line at the Pearly Gates. To his surprise, St. Peter leaves his desk, walks over and greets him warmly. An angel takes the lawyer by the hand, guides him to the front of the line and settles him into a comfortable chair.
The lawyer says, "I appreciate all this attention, but what makes me so special?"
St. Peter replies, "Well, we've added up all the hours that you billed your clients, and by my calculation, you must be about 193 years old!"

 

   

 

Taking a break from the campaign trail, John McCain decides to take in a movie.

After buying his ticket, he stops at the concession stand to purchase some popcorn. Handing the attendant $5, he says, "The last time I came to the movies, popcorn didn't cost anywhere near this much money. "

"Well, sir," the attendant replies with a grin, "you're in for an even bigger surprise -- the movies have sound now."

 

Please visit our website www.mjcassociates.net or better still - come and see us in Mallorca

 


Best regards,

 

Michael and the Team at MJC 
TEAM MJC

MJC Associates