Mallorca Properties

Why Mallorca Properties

Buying off plan properties in Mallorca is worth considering if your main investing goal is to earn extra income and you do not need immediate occupancy of the mallorca properties . Buying off plan property is simply purchasing property in a new development before completion. The construction of the new property may have not started yet. Some properties are sold even before a license to build on the property has been obtained. You should refrain from buying property that does not have a license to build without the assistance of a property unless you are very knowledgeable in this area of real estate. The benefits of investing in properties are the ability to obtain properties at a low price without having to invest a lot of cash initially for the deal. In order to effectively gain from buying properties in Mallorca, you have to be aware of Mallorca new developments still in the initial planning stages. The earlier the planning, the more likely you are to get a good deal. The developer will not have a lot of information to offer buyers but will want to sell as many off plan properties as possible to help in financing the construction.

Buying Mallorca Properties

The first step in purchasing a Mallorca off plan property is to hire an estate agent. Be sure to select a mallorca property who has experience in this type of properties for sale. You will also want to consult with a lawyer to make sure you understand all the legalities involved. Once you have found a site where you would like to purchase, you will need to submit a down payment fee to the properties developer. All fees given to the developer must be secured by a bank. This protects the buyer of in case the project is not completed or takes an excessive amount of time to complete. Mallorca property is always priced below the real market value, sometimes up to thirty percent below. This is due to the fact that the project has an average two-year completion period. The developers are permitted to reassess the value of off plan mallorca properties for salenot sold during the construction period. This allows them to increase the asking price along in the construction stage. It is to the buyer’s advantage to purchase a Mallorca property as early as possible.

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Pollentia Mar is a superb new development in Puerto Pollenca in the northern part of Mallorca and is made up of 46, 2 and 3 bedroom apartments, over 5 floors. The ground floor of the development will be for mixed commercial use, while the floors above will all be residential apartments, with the top floor penthouses offering fantastic sea views.

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Cala d'Or
Avenida Bienvenidoa 74 / 07660 Cala d'Or
Phone: 971 64 87 77 / Fax: 971 64 87 87

Head office - Puerto Pollensa
Avenida Joan XXlll 90 / 07470 Puerto
Tel: 971 86 77 00 / fax: 971 86 78 00

Pollença Office
Via Pollentia 3 07460 Pollença Tel: +34 971 53 22 21