Residential property as a distinct asset class is now widely recognised as an invaluable part of an international investment portfolio. Location, as always, remains key coupled with expert local knowledge and understanding.
We identify specific development opportunities for those investors looking to make shorter term capital returns. These include sites for new build and refurbishment of existing properties.
In the current market we have identified a number of vendors who are extremely motivated to sell and also work with a number of financial institutions to acquire repossessed properties with attractive funding opportunities.
We act for several clients actively building long term higher yielding portfolios comprising apartments, town houses, and fincas in the best locations let to corporate tenants, including several prestigious holiday companies on long and short term lets.
In all cases we work closely with recommended architects, planning consultants, builders and interior designers.
Please contact us for further detailed information.
Mallorca is truly international and as such the prime residential property market is hugely influenced by overseas demand which protects capital values from the peaks and troughs experienced by individual country markets. Since the current financial crisis began, a sense of realism has reigned in some of the more overly optimistic asking prices which has helped market transparency.
Mallorca being an Island has a finite supply of prime property which has been compounded by the very strict controls imposed by its autonomous government. The government has, over the last ten years, made determined moves to control future development and improve areas of past overdevelopment.
Attempting to find and purchase a property efficiently and cost effectively is not easy. The agency market is fragmented and most unlike the disciplined and regulated companies that one is used to. Vendors rarely enter into agency agreements and it is common place to find the same property being offered for sale with varied terms and asking prices. Agencies attempt to protect their listings from each other by producing scant details. There is a frustrating lack of understanding by agents of purchaser requirements.