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-   -   Buying a place in Mallorca (https://britishexpats.com/forum/spain-75/buying-place-mallorca-856408/)

MR. B37 Apr 14th 2015 1:26 am

Buying a place in Mallorca
 
Hi there, I am looking to buy a place in Mallorca for around £250k (including taxes etc). How much can you realisticly expect to knock off of the asking prices there? can anyone recommend a good place to live where we can meet other people/families and also be within a 5 minute drive of the beach?

Thanks

Moses2013 Apr 14th 2015 1:48 am

Re: Buying a place in Mallorca
 

Originally Posted by MR. B37 (Post 11618577)
Hi there, I am looking to buy a place in Mallorca for around £250k (including taxes etc). How much can you realisticly expect to knock off of the asking prices there? can anyone recommend a good place to live where we can meet other people/families and also be within a 5 minute drive of the beach?

Thanks

You might have to be more specific. Every seller has different reasons why they want to sell, so there's no rule how much you can knock off the asking price. You can meet people everywhere and any place can be good, depending what type of person you are. What places are you looking at currently and why Mallorca? Is it for retirement, a holiday home, etc.?

MR. B37 Apr 14th 2015 1:59 am

Re: Buying a place in Mallorca
 
Thanks for the response. It's a holiday home (hope to spend 3 months a year there (May-July) with a few long weekends and weeks during the rest of the year). We are in our thirties and I can work from anywhere. Would be great if we could get a detached villa with its own pool, but I am not sure thats realistic. I have seen nice villas in the areas of Puerto Pollenca and Alcudia for around £250-300k but have heard stories of people accepting much lower offers, but I realise this is not mainland spain and so sellers may not be as desparate.

cricketman Apr 14th 2015 2:58 am

Re: Buying a place in Mallorca
 

Originally Posted by MR. B37 (Post 11618612)
Thanks for the response. It's a holiday home (hope to spend 3 months a year there (May-July) with a few long weekends and weeks during the rest of the year). We are in our thirties and I can work from anywhere. Would be great if we could get a detached villa with its own pool, but I am not sure thats realistic. I have seen nice villas in the areas of Puerto Pollenca and Alcudia for around £250-300k but have heard stories of people accepting much lower offers, but I realise this is not mainland spain and so sellers may not be as desparate.

You could look for a 0% to 30% discount

Some sellers will give you no discount at all and tell you to p*ss off if you offer anything lower than the asking price. Others will be more flexible. Those who are flexible will probably mention that quite early on during negotiations so let them do the talking. Then you can go for the jugular ;)

The other method is to decide how much you are willing to pay for a place and just stick to that

Rosemary Apr 14th 2015 3:28 am

Re: Buying a place in Mallorca
 

Originally Posted by MR. B37 (Post 11618577)
Hi there, I am looking to buy a place in Mallorca for around £250k (including taxes etc). How much can you realisticly expect to knock off of the asking prices there? can anyone recommend a good place to live where we can meet other people/families and also be within a 5 minute drive of the beach?

Thanks

Hi and a warm welcome to the Spanish forum on BE. Myself and Fred James are the moderators for the Spanish forums whilst BEVS moderates Europe. Moderators are there to ensure that the site runs smoothly within the rules of BE. This is so that members gain the information that they are looking for and find their experiences on the forums to be friendly and worthwhile.

Problems and complaints should always be addressed to a moderator who will look into the matter and deal with it efficiently and fairly. Our members who post in the Spain Forums are usually friendly and helpful with a wealth of knowledge about the issues of living in Spain. I hope that you enjoy your time participating in the forums.

Please let me know if you need any further help.

Rosemary


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