Like any country or island which is a property hotspot, there are
numerous Mallorca estate agents; based both on and off the island.
For property buyers it would actually be far easier if there was just one Mallorca estate agent who covered the whole island. That way you wouldn't have to spend hours trawling through all their websites or visiting their offices to make sure you had considered every single property on the island! Whilst this is a bit of an unrealistic scenario, you get the point!
As a buyer, you want to find a website which advertises all of the Mallorcan properties for sale so that you can search just once and then register to get updates when new properties meeting your requirements come onto the market. If you find an independent website you're also far less likely to be hassled by Mallorca estate agents until you're actually ready to start talking to them.
Buyers may find things a little strange here though as the norm is for sellers to market their property with several Mallorca estate agents at once. Whilst this in itself isn't very unusual, the fact that the property can be marketed at several different prices is. Without doing a certain amount of research yourself it becomes difficult to figure out exactly what the market value should be and therefore knowing at what level you should make an offer.
Property prices in Mallorca have risen by a staggering 170% in the last ten years and though there are still some holiday apartments and studios which are within the budget of the general population, most of Mallorca's properties are not!
Even with a fall in activity, properties in Mallorca can still demand a premium, although time taken to market and sell these properties has increased.
So from a buyers point of view the property market in Mallorca can be really quite frustrating. Because even though Mallorca estate agents can advise a seller about a fair market price, it is the sellers decision at the end of the day as to what the property is marketed for!
For property buyers it would actually be far easier if there was just one Mallorca estate agent who covered the whole island. That way you wouldn't have to spend hours trawling through all their websites or visiting their offices to make sure you had considered every single property on the island! Whilst this is a bit of an unrealistic scenario, you get the point!
As a buyer, you want to find a website which advertises all of the Mallorcan properties for sale so that you can search just once and then register to get updates when new properties meeting your requirements come onto the market. If you find an independent website you're also far less likely to be hassled by Mallorca estate agents until you're actually ready to start talking to them.
Buyers may find things a little strange here though as the norm is for sellers to market their property with several Mallorca estate agents at once. Whilst this in itself isn't very unusual, the fact that the property can be marketed at several different prices is. Without doing a certain amount of research yourself it becomes difficult to figure out exactly what the market value should be and therefore knowing at what level you should make an offer.
Property prices in Mallorca have risen by a staggering 170% in the last ten years and though there are still some holiday apartments and studios which are within the budget of the general population, most of Mallorca's properties are not!
Even with a fall in activity, properties in Mallorca can still demand a premium, although time taken to market and sell these properties has increased.
So from a buyers point of view the property market in Mallorca can be really quite frustrating. Because even though Mallorca estate agents can advise a seller about a fair market price, it is the sellers decision at the end of the day as to what the property is marketed for!
As a buyer you want to make sure you've considered all the best
properties - register with a property website to make sure you've got
all the Mallorca estate agents covered so that you don't miss out on your dream Majorca property.
