INVESTMENT PROPERTY IN MALLORCA

Investment Property in Mallorca is bringing great returns for the investors who have already purchased property as a permanent home, second home or holiday let, many new developments in Mallorca are proving to be a great investment opportunity especially when purchased off-plan in Mallorca, investors have seen their investment property in Mallorca increase in value over the years due to the overwhelming demand from foreigners wishing to purchase property, and the increase in tourism means the rental potential of investment property in Mallorca is guaranteed income throughout the summer season, investment property in Mallorca isn’t just confined to the coastal and resort regions, many investors are opting for buying inland, a run down finca or farmhouse has great potential if the investment property in Mallorca is intended to be used as a holiday let once renovations are complete as more and more visitors are choosing to stay in traditional Spanish villages, that makes the rental potential of this type of investment property in Mallorca just as good as on the coast, property in Mallorca is a long term investment, it can take approximately three years for the property to have increased in value enough to have covered the original fees associated with buying investment property in Mallorca.

Buying off-plan in Mallorca is a great way to get on the property ladder, however, land in Mallorca is limited and so building restrictions apply, many new developments are individually designed villas, when buying off-plan in Mallorca, purchasers can view the land on which property is going to be built, the property can only be viewed using computer generated images and architect drawings, patience is required when buying off-plan in Mallorca as many new developments in Mallorca take up to two years to complete, when you buy off-plan in Mallorca, you buy at the lowest possible price, once building work begins any unsold plots will increase in value, by the time the new development in Mallorca is complete investors who bought off-plan in Mallorca will have made a profit on their original investment property in Mallorca, another benefit to purchasing off-plan in Mallorca is that the buyer gets to choose from a new range of kitchen and bathroom fittings and coordinating tiles, buying off-plan in Mallorca carries the same risks as buying off-plan in other countries, investors should employ the services of a good solicitor who will carry out checks to ensure that the developers are reputable and haven’t fallen in to financial problems with previous developments.

New developments in Mallorca are built to very high standards, whether purchasing an apartment or villa, buyers will not be disappointed with the finished look of these new developments in Mallorca both inside and outside, the interior is usually decorated in neutral colours, many new developments in Mallorca offer furniture packages as an optional extra, special attention is paid to the exterior appearance of investment property in Mallorca, grounds are landscaped around features such as a swimming pools and seating areas, many new developments in Mallorca are situated within easy reach of all local amenities.