Villas in Andratx Mallorca

Villas for sale in Port Andratx Majorca Property , here the best villa listing currently on the market in Puerto de Andratx:

Luxury Villa for Sale in Puerto Andratx 9.950.000€
Majestic villa under construction in Montport! A private road leads to a plot of approx. 140.000 sqm. On this plot you find 3 newly built villas, the …
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Luxury Villa for Sale in Puerto Andratx 8.000.000€
This unique luxury villa with Mediterranean style and spectacular panoramic views towards Puerto de Andratx, the island of Dragonera and the open sea …
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Luxury Villa for Sale in Puerto Andratx 6.300.000€
Beautiful villa en Cala Llamp designed by the famous arquitect Pedro Otzoup. It is situated in first line with access to the beach. You can enjoy of a…

Dear all,

We are currently putting together a list of properties where the asking price was recently reduced. There are some properties that are now offering excellent value for money! If you wish to receive a copy of this list, please do not hesitate to contact us on info@balearic-properties.com, quoting: DOWN IN PRICE LIST PLEASE.

You may have already viewed a property with us earlier in the year, and the price may now be reduced! Although we do try to keep in contact, we may be working on another project just now, so please don’t hesitate to contact us yourself. If it means that you can get the property of your dreams for a great price, it is worth it!

Call us now, Balearic Properties Real Estate: 0034 971 86 77 00

October 22nd, 2008
A story reported by Reuters gives us an insight into how long commercial lenders and borrowers believe the credit crunch will last in Spain.

The article deals with how Reyal Urbis, one of Spain’s largest developers, has managed to secure additional funding:

“Spanish real estate company Reyal Urbis said on Monday it had reached a deal with creditors to refinance debt of 3.006 billion euros. In a statement to the stock exchange regulator, the firm said it had obtained two new credit lines which gave the company ‘the necessary liquidity for its operative management’.”

“Under the new financing terms, the company has postponed its first payment on the debt until October 2011 and signed up to twice-yearly payments after that date until 2015. In 2015, it will have to pay off the remaining 40 percent of the debt.”

This tells us that Reyal anticipate being in a position to make substantial debt repayments in 2011 and to resolve the debt completely by 2015. In order for them to be in a position to do so, the company would need to be experiencing an increased volume of property sales by 2011 - probably on the back of stronger sales in 2010.

This indicates that the very bottom of the market is likely to be experienced between now and sometime in 2009, because for Reyal Urbis to make property sales, a fair chunk of the 1 million excess properties floating around the market will need to have already been sold.

The lenders were not named in the article, but whoever they are, they’re betting the thick end of 3 Billion Euros on Reyal’s business plan and sales forecasts. To my knowledge, this is the first time that a Spanish property company has announced the terms of a successful debt renegotiation - and the first time the public gets an insight into when the Spanish property market is likely to pick up - according to those with the highest stakes in play.

Martin Dell, Kyero.com

I’ve decided to now only write when the sun is out :-). Today is a calm day, sun and clouds share the skies but no rain is coming down! Temperatures have gone down in the last few days, we now enjoy a 15º-17º spel. The walking shops are doing great business as this is the start of the season when the weather starts settling down into the soft Mallorcan winter weather with lots of sun but not too hot. Excellent for exploring the new GR221 route!

The horrendous thunderstorms we had yesterday have cleared, leaving the sky somewhat lighter, but still the sun is having a hard time coming through. There is a lot of wind from the North, so I have had to succumb and get that coat out of the closet today!

Some autumnal weather set to stay for the next week, with the sun battling for attention on Sunday, Monday and Tuesday.

Dear All,

May I have your attention please. Our property reference number PTP1883 is a lovely 1 bedroom apartment on the first floor of a pleasant and quiet community in Pinaret, only 3 blocks away from the sea. The original asking price was 170.000 Euros, was then reduced to 150.000 Euros, and now the owner would accept 126.500 Euros to close the deal before Christmas!

This is the best price possible, unheard of for many years in the resort of Puerto Pollensa and more so in Pinaret!

For the full brochure please contact us on 0034 971 86 77 00, or chech out our website www.balearic-properties.com but remember, there it is still priced at 150.000 Euros. When phoning say you have spotted the offer on our blog! Thank you!

Auch, let you all down for over a week! Busy with clients, viewing properties in the South West of Mallorca, some more in the North as well. The people that are currently here are getting excited about striking a deal as there really are some bargains around now. More on that in a next entry.
As for the weather, it may have been on the news where you are: Mallorca and part of Menorca were without electricity for more than 4 hours today due to a heavy electric storm. With that came litres and litres of water, hailstones too, it’s been quite a day! Feels like autumn back home although STILL NO COAT so temperatures are ok. Said to be dry tomorrow and in the weekend with sun, but also with some Northerly breezes.

Yesterday was rainy in the morning, sunny and lovely later on. Pretty much today’s scenario. Rained in the early morning, Sun is out again now, and should be here to stay until the end of the week. Temperature around 18º! Great conditions for property viewings!

Beautiful stone faced country home in best location, only 5 minutes drive away from the sea, the resort of Puerto Pollensa and both the villages of Pollensa and Alcudia, fully refurbished in 2008. Unique as well is that the property offers a stone clad guest house with 3 bedroom suites, sitting room and fully equipped kitchen. The main house is impressive both in size and finish, you will find three bedroom suites on the first floor, one of them being the master bedroom with access to two large terraces. Downstairs there is a large living/dining room with fireplace and several sets of patio doors leading onto the covered terraces by the large (68m²) pool. The fully fitted kitchen is adjacent and has a breakfast/dining area, again with fireplace. There also is a laundry room and a garden storeroom between the kitchen and the 3-car garage. On the left of the entrance hall way you will find a showerroom/groundfloor cloak room, a study and a further entertaining room, which can either be used as a home entertainment room of a fourth bedroom. The plot is landscaped and mature, the garden has automated irrigation and lighting system, through automatic gates you gain entrance to the fully secure plot. All comforts in place.

OUR REFERENCE POL5413, please phone for a full brochure: 0034 971 86 77 00, or email on info@balearic-properties.com quoting that you saw this advert on our blog. Thank you!

The Balearic Properties Network is growing!

We are making more and more contacts with local professionals in each area of Mallorca, and we are now able to go property hunting for you in a much more efficient way. Our contacts now that we bring them serious buyers, and we know that our contacts are professional agents who offer the best properties on the market.

All very see-through and clear, no hidden agendas, all for your comfort in the buying process on Mallorca.

A one-stop-shop so to speak for all your property needs on Mallorca!

Check out our site today: www.balearic-properties.com or if you are on the island, call us on 971 86 77 00 to arrange for a personal consultation, free of charge!