Rats I Have Known and Loved

November 4th, 2009

RATS I HAVE KNOWN AND LOVED

What one has to understand about Rat people is that once you have made it clear that you know what they are up to, they shape up very nicely . . . or else they walk right out of your life forever. Halfway measures are not their forte.

It’s bizarre. But according to many Chinese, the most endearing quality of Rat people is honesty. I prefer to interpret this Oriental vari¬ety of honesty as something closer to fair play, or simply a high regard for justice. Rats do not like to witness happenings in which undue par¬tiality is exhibited—unless, of course, said Rat is the promulgator of the inequity.

The Rat person possesses a two-sided nature. Outwardly, he is generous and cheery; he seems calm, balanced. On the inside, Rats harbor an inordinate amount of self-interest in the form of greed and acquisitiveness. What differentiates Rat subjects from your ordi¬nary miser is their very profound regard for the equitable sharing-out of bounty with those they feel are worthy of it.

Rat standards are high. They are not easily seduced by small talk and chitchat. If a Rat person chooses to like you, he will not hide his feelings. Once he has decided to befriend someone, both his hospitality and benefaction extend across formerly uncrossable frontiers.

In view of this stringent set of rules that the Rat usually sets up

for himself, if one of his “chosen few” eventually betrays, or in any way attempts to dupe him, he is capable of both vengeance and unrea¬sonable demands for retribution. Rats never accept to be toyed with or taken lightly. In business as well as in love partnerships, they are ruth¬less when crossed.

Here is a telling Rat tale. Around the corner from my house in Paris, there lived two American expatriates, side by side in a pair of wooden houses. These houses were built from gardening sheds. Long ago, in the postwar forties (before the French building codes became as strict as they are today), one could still find such jewels within the city limits and with minimum investment, turn them into livable homes. Times have changed. Or, so I learned from my Rat lady neigh¬bor, Claire Augustus (b. 1948).

Claire came over to inform me that her husband Nick wanted to convert a third small tool shack in their garden into a guesthouse. Earnestly, she recounted, “While we were in Majorca this summer, the building organization met to discuss zoning. Our request for a con¬struction permit was refused. I am so angry, I could spit!” Claire heaved a sigh of controlled rage and went on. “From what I under¬stand, our next-door neighbor Paul Kradlow was at that meeting. He’s president of the copropriété [In France all buildings are condomini¬ums. Everyone owns his own flat.] Ordinarily what Paul says goes. I just don’t understand it. We left it all in Kradlow’s hands. Paul insists it is not his fault. He claims he made a very persuasive speech in our defense. That little guest house wouldn’t disturb anybody. Except for Paul, nobody can even see that shack. The decision is unfair but we are legally unable to appeal it.” Her eyes filled with the mist of home¬owner frustration.

Two weeks after hearing Claire’s diatribe against the unreason¬able vote, I ran into Paul Kradlow in a Montparnasse artists’ haunt. Paul is a painter. Although he has never been my favorite person, we have been neighbors for so long that we always smile and nod at each other in public places. That day, Paul uncharacteristically called me over to his table. “Sit down a minute, will you?” he said. I sat.

“Well,” said Paul. “I suppose you’ve heard about their wild plan

to turn their shed into a guesthouse?” I nodded. He blathered on, “Of course, as president of the copropriété, I have certain responsibilities to the building authorities. During the summer we had a meeting. The Augustuses were away, so I had to call a vote in absentia. Luckily, most of their supporters were out of town at the time. The vote came out negative.” Paul’s ensuing sigh was not quite grievous enough.

“How did you vote, Paul?” He blanched, took a drink of his Bordeaux white, and winked at me as he said, “Negative.” Then he smiled and winked again.

I wrenched my arm away from him. “Fine friend you are!” I railed angrily. “If I were Claire, I would—”

“She did,” he murmured sadly.

“She did what?” I demanded.

“She found out from one of the people at that meeting that I had spoken out against her request for a permit.” His eyes began to search mine for some small flare of neighborly indulgence. Instead I glared back. He continued, “In the middle of last night, Claire did a terrible thing to me.” Paul looked perfectly sound. No scratches, cuts, or bruises. He had no family for her to threaten, so I could not imagine what Claire could have chosen to do to avenge herself of his crime against her trust. Paul took out a felt marking pen and began to write on the paper tablecloth. “Here’s what she did,” Paul said. “She painted these words on the side of her own shed. In enormous white letters on the dark green wood.” I looked at the message he had drawn on the cloth. It said: THOU SHALT NOT BEAR FALSE WITNESS AGAINST THY NEIGHBOR! I burst into uncontrollable laughter. Only a Rat could think up such a trick. Paul’s kitchen-sink view was besmirched for life with a permanent reminder of the broken commandment.

Assuming the pose of the wronged artist, Paul said meekly, “I can’t even paint over it. That shed is on her property. Don’t you think that’s a ratty thing to do to an old friend?”

Rising to leave the table, I grinned widely and agreed. “Gotta watch out for Rats, Paul. They’re all around us.”

Rat people are charming. Even at their worst, they will manage to conjure up a welcoming “Hi there” or “How are you?” for a visitor

or passing acquaintance. Social gatherings are their life’s blood. Cloister a Rat person away from convivial companionship and he will wither and die of loneliness. Since this subject is blessed with an engaging personality and winning manner, he loves to entertain, throw parties, cook exotic dishes for the benefit of his guests, and, in general, lay on the festivities and merrymaking. If you ever get invited to a Rat bash, do accept with pleasure. You will not be disappointed. Moreover, unusual surprises may be in store, for people born under the sign of the Rat take great pride in finding new diversions for them¬selves as well as for their playmates.

One such astonishing fellow is my dearest male Rat friend of all, Richard Reventlow. When Richard gives a party or celebrates even the most minor of family birth dates, my curiosity barometer rises sharply.

Following his wife Sheila’s most recent birthday party, she asked me, “What will he think of next? Sometimes I think Richard has really gone round the bend.” Sheila was stumbling around her disaster area of a living room, righting tables and chairs, picking up specks of con¬fetti, and wiping spilled ice cream from the carpet.

“You know, I really didn’t mind the first batch of monkeys. The brown ones were kind of cute the way they rode around on tricycles and performed tricks for the trainer. My mother-in-law looked a bit frightened when that black rhesus jumped into her coffee cup, but she ought to be used to Richard by now. I guess she’ll survive.”

From the kitchen, Sheila had to raise her voice to a yell, “But those chimpanzees! Did you see how dirty they were? Why Richard didn’t look at them before he hired them, I will never know. I mean, really, Suzanne, who ever heard of renting six wild beasts to ride around a Fifth Avenue living room on mini-motorcycles? The noise alone was terrifying.”

Sheila beckoned me to her room. “Let’s go into my bedroom and relax with a drink. We can watch a dumb movie on TV. Anything’s better than looking at this mess.”

When we had settled into our respective places in front of the television, Sheila on the bed and myself in a chaise longue, I thought of asking her what Richard had given her as a birthday gift.

“I don’t know yet. He says it’s going to be a surprise. Maybe he’ll bring something home tonight. For all I know, it could be a pet baboon.” Sheila gave a loving laugh.

Turning on the TV with the remote, Sheila suddenly began to tremble all over. At first, I couldn’t help but laugh. She looked so silly, just sitting there shaking like that. I was convulsed with mirth. All I heard was her vibrato cry: “That damned Richard!” she quivered aloud. “He’s so loony. Do you know what he’s gone and done?”

Alarming as her strange appearance was, I could not stop bub¬bling up with laughter every time I tried to answer her. “What is it? Are you all right?” I managed to gasp between giggles.

Just as abruptly as the quiverings had begun, they stopped. The TV set went off. Sheila, in a fit of chuckles, was reading aloud from a note she had found pinned to the pillow. “My darling wife,” she read. “Hope you like this little present. It’s called Magic Fingers. Remember how much you liked it when we went to that funny motel in Ohio? The medium is the massage! Love you forever. Richie.”

I can assure you that Richard Reventlow is not a crazy man. He just acts like one. Last year, on the occasion of their tenth wedding anniversary, he awarded his wife a fireworks display. The year before, he gave himself a roller-skating birthday fete. He hired a rink for the evening, invited fifty friends, and followed up the skate-in with a hayride through Central Park.

Rat people have an undeniable preference for luxurious victory over the simple life. Every time I meet a new Rat, the first thing I notice is his clothing, fine jewelry, and elegant manners. Little matter the state of his bank account, background, or social standing. Rats like to look their best. They surround themselves with fine quality objects. The women of this sign have exquisite taste in both wardrobe and decorative accouterments. Their homes are often showpieces for delicate antiques or an array of jungle plants that nobody else ever seems able to grow.

This love of the good life notwithstanding, Rat people make con¬scientious parents. Every step of the way during a child’s development

captures the interest of a Rat mother or father. Be it physical or moral, if one of their own pack is hurt or feeling downhearted, the Rat will take great pains to see that the wrong is righted. Thus, Rat people can become what some of us describe as “do-gooders.” They are forever being nominated president of “The Committee for Annihilation of Mental Health,” or serving on the board of directors of one charity or the other.

You will recall that one of our very own most famous Rats, Marlon Brando (b. 1924), took up the cause of the American Indian to the extent of refusing an Academy Award on television so that he could inform the public of his serious intention to help out.

Brando was a very good Rat case in point. He always knew how to put his Rat charms to excellent use. The variety of roles he played in his life, each of them with equal facility and talent, brought his fans much vicarious joy and heartbreak. Yet, like all Rats, Brando was not noted for his ability to compromise when dealing with directors or other actors and actresses. His on-the-set reputation was never very complimentary. Rats gripe a lot and are often dissatisfied with the efforts of others. It is difficult for them to tolerate the fact that nobody—even themselves—is perfect. This feeling of discontent some¬times results in grousing and complaints. Rats can make life very diffi¬cult for co-workers.

My mother used to talk about my Rat of an uncle this way: “Ed is an angel in the crowd. But he is a devil at home.” It was true. My Uncle Ed was a misery to live with. He never came home on time for dinner. He worked long hours in his office in hopes of making that big killing in real estate (which he finally made). He snapped at his kids more often than he should have. And, according to my good mother, “Ed ran around with women.”

In part, my mother’s old-fashioned way of describing Uncle Ed says much about the Rat’s character. But those who knew Ed under¬stood implicitly his gift for participating in extra-household duties and charitable acts of patronage. The fact is, Ed never “ran around with women” in the way one normally thinks of that pastime. But he did organize fund-raising activities for the ladies auxiliary at his church.

And he drove piles of chattering nuns back and forth to country retreats and served on committees all his life for the betterment of con¬ditions in a senior citizens’ complex for women only. So, the Rat that he was did “run around” with women, but not in the classical sense.

Rats make a science of the art of impressing people. Nobody gets away with feeling lukewarm about a Rat. Half the time, he is hated (even feared), and the other half, he is blindly adored by those who know him. Yet, whatever the ambience surrounding him, the Rat is graceful.

Rats often deport themselves in a rather controversial manner. They are at home discussing politics with the visiting British prime minister, comfortable hobnobbing with the boys down at the local bar, and deft at convincing garage mechanics to take 20 percent off their repair bills. It is not fair to say that Rats are con artists. But they are extremely persuasive and will stop at almost nothing in order to have their way. Whether engaged in business or emotional negotia¬tions, Rat people are never entirely free of mental calculation. Their warmest feelings and gestures of generosity are tinged with overtones of self-interest. Rarely, if ever, does a Rat person bestow love or even friendship unless he feels it will ultimately be of use to him. Their motto, “You scratch my back and I’ll scratch yours,” is valid. It is common knowledge among mature adults that nothing is for nothing. What is different about the Rat is his inability to deviate from that pat¬tern except for old time’s sake or because he wishes to indulge a former lover. Sentimentality of the sticky, sweet, sappy variety is very much out of the Rat’s line, but he is a pushover for memories and tradition.

To gain either affection or capital, Rats will bend over back¬ward. A Rat person, dedicated to a romance or to making a gain from a business venture, will ignore all emotional boundaries until he has reached his goal. For this reason, Rats make superlative profiteers. Sometimes, it seems as though everything they touch turns to gold. Rats are the troubleshooters of the world. They can move into a bank¬rupt venture, take it over on the spot, and in weeks have the whole thing in tiptop shape again. They see the loopholes, find snags, and uncover shady deals with ease and grace.

This capacity for seeing through walls and knowing just where

to look for the weakest link, if used wisely, will serve to make the Rat successful at almost any undertaking. If, however, a Rat person chooses to misuse this talent, he is capable of the lowest type of indo¬lence. If life is too easy, the Rat may become lazy.

Rats must be loved. Just because they take such enormous plea¬sure from social situations and are usually gifted for gab, does not mean that society’s pedestrian demands on their talents are not taxing to the spirit. The Rat soul is always hungering for closer contact, more intimacy, sharing of thoughts and desires. At home, he needs to talk things through. It is almost eerie the way Rats think on their feet or calculate coups while discussing them. Deep philosophical ponder¬ings almost never net them any benefit. Even if they spend much of their time reading or poring over documents, straightaway upon abandoning their books, they will need to discuss what they have read. If your love partner is born under the sign of the Rat, be pre¬pared to stay up many nights rapping about the different possible strategies, deals, friendships, etc., which the Rat feels must be gone over before he sleeps.

Rat people are lovers of la bonne table. They almost invariably figure among those who know about wines and gourmet foods. They know how to set up beautifully appetizing spreads and they don’t balk when faced with the consumption of same. Most of the Rats I know have a weight problem. They simply can’t say “No” to themselves when it comes to ingesting tasty gourmandises. Rats are nibblers, noshers, and snackers.

Bargains and cut-rate sales leap at Rat people from shop coun¬ters, newspaper ads, and catalogs. If the A&P offered twenty jars of peanut butter for the price of ten, and you took a quick survey of the ladies who swarm in first thing in the morning, I’d be willing to bet that at least half of these “go-fers” were born in a Rat year. Popular belief has it that Rats hoard little bits of this and that in order to be sure of something to eat when times are lean. Mind you, Rat people are not stingy about sharing their booty. They simply like to be armed for bad times. They are savers, buyers of insurance, and planners for the future. And, if by some chance, they have not thought about who

will be paying that pension when they get to be old and gray, Rats will spend no small amount of their time worrying about same.

One Rat friend of mine is so preoccupied with security and get¬ting in her stores for the duration, I often accuse her of never having had a single spontaneous buying experience. If she doesn’t start collect¬ing next year’s Christmas presents in January, she fears she may not have any money left when that holiday looms on the horizon. Jayne buys her French wine, German beer, pâté de foie gras, and other non-perishables by the case or barrel. She has an extra tank of oil alongside her house in case the energy crisis takes a turn for the worse. No one is overjoyed at the thought of lacking for basics, but my Rat friend Jayne is even uneasy about the eventuality of running short of luxuries. Her home is a veritable air-raid shelter of gourmet provisions.

Much berated and attacked for not possessing the same set of priorities as other people, Rats have an unpleasant way of defending themselves. When cornered, they become most aggressive. In the midst of even a minor discussion of what should be done about a torn win¬dow shade, Rat people are capable of turning on their audience in the most offensive manner. Rat people think there is no defense like a good offense. So, when threatened (even in a small way), they strike out. Sometimes, they assume a haughty or authoritative tone and out of nowhere start snapping out platitudes of the “I’m the boss around here!” variety.

Because everybody who ever becomes involved with the malarial Rat is aware of his mercurial temper, those who know him well often avoid trouble by skirting the discussion of certain issues. Since touchy subjects can trigger the Rat to take umbrage or have one of his tantrums, a clever friend will be loath to jump in feet first and talk that point over. If the Rat realized how testy he was, he would proba¬bly be saddened by this knowledge. Rat people do enjoy debates and rap sessions, but since they are not always willing to admit their own errors or miscalculations, many people prefer not to argue with them.

Last year, I worked for a French Rat man who sold fireworks; not just caps and firecrackers, but displays, up-in-the-air high-in-the-¬sky showers of glorious color. Since he had decided to take the

American pyrotechnics industry by storm, and spoke not a word of English, Monsieur Lupin hired me as his interpreter. Together, we flew in to conquer the United States, but Lupin could not speak a word of English and not one prospective American fireworks client could utter a syllable of French. I didn’t know what I was in for, but who could turn down a job where the product presentation at any given business meeting takes place in an open field by night under a blanket of shooting stars and Roman candle?

In retrospect, translating for Lupin would have been a snap if it had not been for his singular inability to function alone. As I have said, Rats are communicators. They have to speak in order to believe that they are alive and thinking. Can you imagine spending three full weeks (including weekends) as the seeing-ear dog of a garrulous Rat suddenly made deaf and mute by confinement in a country where you are his only means of contact with humanity? What’s more, the psy¬chology of Rats includes a hefty portion of suspicion, and this particu¬lar Rat felt very left out each time I said “Good Morning, Mr. Jones” in English. By the time he left this side of the ocean, Monsieur Lupin had a spectacular case of paranoic Americanophobia.

Every time English words escaped my lips, Lupin was sure I was trying to dupe him or take over the world’s black powder supply sin¬gle-handedly. He actually thought at one point that I was in cahoots with his major competition in this country. Yet, he was paying me. He had hired me in France. I had never even seen a fireworks display up close before meeting him. My work, when it only consisted of inter¬preting what Monsieur Lupin wished to convey to a client or manu¬facturer, was most enjoyable. But those long nighttime talk-ins over whiskey after whiskey in all the gloomy hotel bars across America. . . . After one week, I honestly believed I would perish from overspeak.

Life for most Rats is actually little more than an extended game of chess. Much of their time is spent maneuvering into the offensive position. The remainder of Rat lives gets gobbled up by preoccupa¬tions with projected methods of aggressively exiting from the innumer¬able culs-de-sac that lie in wait beyond the next move.

Basically, the Rat is a kind soul. Though his uneasiness about his

own image may cause him to buffet or jostle those he fears will get the best of him, these shoves are but mild elbow jabs in the ribs of his adversaries. Rats are not the sort of tyrannical barbarians who walk over even their best friends in order to succeed. If they are somewhat promiscuous, their extracurricular escapades are only the result of self-doubt or anxiety about being attractive. When Rats lie, they sincerely believe their fibs are measures of self-defense. The whiter the lie, the more comfy the Rat.

Rats, no matter how great the scope of their success or impor¬tance, are capable of tremendous humility. No job is ever too menial for a Rat, no errand too piddling to be run for a friend.

Back a few years, when friends of mine introduced me to Rat movie star Keir Dullea (b. 1936), I learned a few facts about how lov¬able Rats can really be. Keir Dullea has cosmic-blue eyes the color of which varies with his mood from delft to Wedgwood. He’s gorgeous, famous, talented, and still has the “lost boy” look he bore in the film David and Lisa. Like all Rats, he is outgoing, amusing, and energetic.

Keir, too, is a devoted friend. He is one of those people of whom we say, “He would give you the shirt off his back.” He’s generous and jolly, to boot.

The day I found a tiny studio in which to ply my writer’s trade was a victorious one for me. The room was small and dark, typically Parisian dank and ill-decorated. But it was mine. Keir was visiting Paris at the time and offered to help me refurbish the place. Aware of my lack of talent for manual labor, I was delighted by his willingness to pound a nail and paint a wall.

Aware also that the Rat’s ability to organize will always be supe¬rior to mine, I suggested that Keir plan the attack on my scruffy den on his own. I agreed to pitch in with the drudgery but admitted that I truly did not have the foggiest notion of where to begin.

First things first. Keir trundled us off to the local Parisian carpet shop where we purchased enough indoor/outdoor carpeting to cover the shoddy linoleum floor. I asked to have the rug delivered, but Keir said, “They’ll never get it there on time. I’ll just carry it back to your place.” And, with that, he heaved the giant roll of red carpet onto his

shoulder and crashed into the ceiling light fixture, breaking it into a million pieces.

After we had laughed and paid the nice shopkeeper for his lamp, Keir walked through the streets of Paris for about a kilometer, whistling as though he were one of the seven dwarfs. Parisians, unac¬customed to do-it-yourselfers, pointed and giggled as he trudged along under his weighty burden. Needless to say, French ridicule went unno¬ticed by our Rat hero. Keir had bagged a carpet and that was enough reason to drag it single-handedly to its destination. Besides, Rats love spectacle, especially when they create it.

In short, I am now the only living American writer in Paris who works in a studio decorated by a movie star’s own hand. Keir worked for three days fixing, painting, sticking contact paper on shelves, and fitting his carpet into crannies with a bread knife. All the Rat’s persis¬tence and meticulousness went into his endeavor and the end result is both pleasing and practical.

Richard Nixon (b. 1912/13) was a Rat. Until he began to mix it up with his own brand of slick politician, Dick Nixon was considered by many Americans to be a kind of smiling nobody whom the bigwigs felt they could push around and mold into their own idea of a Presidential candidate. But I don’t think the world was ready for Brother Rat’s tendency to want all the power for himself. If they had read this book, Nixon’s cronies would have guessed well in advance that when a Rat feels trapped or stymied by his peers, he takes one of two escape routes. Either he slinks away to become a hermit, or he turns into a dreadfully boorish bully. In the case of Richard Nixon, both avenues were employed. When aggressiveness failed, he disap¬peared into the woodwork.

Besides Marion Brando (b. 1924), whom we spoke of before as a prize Rat, our times have been graced by many famous Rat figures. Adlai Stevenson, Sr. was born in 1900. The year 1912 brought us playwright Eugene lonesco. In 1924, we netted a quartet of celebrated Rat people: actress Lauren Bacall, novelists James Baldwin and Truman Capote, and Brando himself. A bumper crop arrived in 1936, among them Richard Bach of Seagull fame, Dick Cavett, actors Keir Dullea

and Dennis Hopper and French couturier Yves Saint Laurent. Singer-songwriter James Taylor was born in 1948, and so was Peggy Fleming, the figure-skating champion.

Rats have a vast capacity for aggressively falling upon a task. They attack pleasure, money-making, and love affairs with equal verve. If you are lucky enough to be witness to the charming Rat’s pursuit of life’s rewards, you will always be assured of a great show at a very low price. FOR MORE INFORMATION PLEASE GO TO http://www.suzannewhite.com

Car Hire – Relocating to Spain

November 3rd, 2009

 

You know what it’s like, you’re watching television and there’s always some programme on about someone who’s left their old life in the dreary old UK to start a new life in Spain.

Indeed, we live in an age where we can get cheap flights to Spain from any UK airport, as well as cheap car hire upon reaching our destination.

Many are tempted by the warm weather, miles of sandy beaches and the hillside villas close to popular resorts – such Malaga to Majorca.

There are a wide variety of resorts to choose from when it comes to choosing a destination to move to. Many have holidayed to the region on a number of occasions – most of these for the purpose of researching the local area and the properties available.

It’s best to do your research when it comes to choosing a place to uproot and move to. The warm weather may be nice for a while, but it could be a different story if you have to work in it for a living.

Remember also that things will take that little extra time to get done in the land of the afternoon siesta. It pays to be patient when it comes to things like building work and nightlife – although if you’re relocating to a resort where there are plenty of tourists making use of the waking hours you may find it a little livelier.

As more of us are choosing to relocate, there is wide range of properties for sale in Spain, with companies that offer the chance to search for and arrange to purchase the villa of your dreams.

Once you’ve found the property you’re looking for, there are a few things you should double check before rushing into any deal.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Relocation to Spain is a lengthy (and at times expensive) process, however by doing a bit of research before you decide to make the jump from dreary Britain to sunny Spain, and by generally having an air of caution about the situations you could find the process a little easier – which will ultimately lead to a better experience.

Mallorca The Place For Investment In The Crises

November 3rd, 2009

Spanish Berths as an Alternative Investment

November 2nd, 2009

Since the late 1960’s and early 1970’s, and the start of tourism and package holidays, Spain has been transformed into one of the leading European economies, with a diversified market covering both the manufacturing and service sectors. Between 1961 and 1973, the so called years of development, the Spanish economy grew at 7% a year with a per capita income of $500 per year. After joining the EU in 1986, Spain once again had one of the world’s fastest growing economies, with annual growth averaging 4.1% in the period between 1986 and 1991, compared with an EU average of 3%. Likewise, foreign trade grew from $23.8 billon in 1975, to $52.5 billion by 1980, and to $143 billion by 1990.

Today, the economy of Spain is the fifth largest in Europe, accounting for around 9% of EU output. Income, at 78% of the EU average, is among the lowest in the EU, although it is well ahead of Ireland, Portugal and Greece. Spain’s main trading partners are France, Germany and Italy for exports, and Germany, France and Italy for imports. Spain’s most important industries include tourism, chemicals and petrochemicals, heavy industry, and food and beverages. Spain is also Europe’s fourth largest manufacturing country after Germany France and Italy. The principle growth areas include tourism, insurance, property development, electronics and financial services. Tourism is one of Spain’s most important industries, especially in Andalucia, earning approx. 4% of GDP and employing some 10% of the workforce, both directly and indirectly. With over 5,000 kms of coastline, and a unique blend of almost perfect year round weather and Mediterranean lifestyle, Spain has become a Mecca for holidaymakers and boating enthusiasts alike.

With the advent of the low cost airlines, a weekend trip to Spain has now become the norm for many European travellers, and the huge Eastern coast, all 750 miles of it, is still home to more British boats than anywhere else in the Mediterranean. Whilst the booming economy and influx of foreign visitors in the seventies and eighties certainly caused it own unique problems, the development of smart marina complexes such as Sotogrande, and the hosting of the 2007 Americas Cup in Valencia, are undoubtedly attracting the boating enthusiasts back in huge numbers. Increasingly, many of these enthusiasts are also buying second homes, either as a holiday home to enjoy their boat on trips to Spain, or indeed to retire.

In terms of demographics, the generation of buyers termed the ‘baby boomers’ (currently 42 – 58 years old), is now due to retire within the next 10 years. With considerable wealth, which has been built on property, business interests and inheritance, they have little desire to see these assets taxed on death. This trend is now being seen throughout Europe, and in a cultural change, this age group is retiring earlier, spending more of its wealth, and in general enjoying life to the full. In the UK, this exodus which was once a small trickle has now become a torrent. Increasingly wealthy, and healthy, individuals are moving abroad, encouraged by the media and low cost travel, in order to enjoy a more relaxed and enjoyable life in the sun. With global demand for recreational boats estimated to reach $24 billion by 2006, projected growth of annual sales worldwide of 7%, and with Europe experiencing the highest growth in the last five years, there seems little to stop the European market growing and expanding further in the next few years.

Owning and maintaining a boat in Spain is becoming easier, cheaper, and considerably more enjoyable than the UK. With the advent of cheap flights, more scheduled services, and new infrastructure, it is easier and quicker to reach the Spanish coast and be on the water, than it is for an owner in the Midlands to reach his boat in Southampton. The Spanish coastline is divided into six Costas – the Costa del Sol is the most southerly, followed by the Costa Calida, Costa Blanca, Costa del Azahar, Costa Dorada and the most northerly, the Costa Brava. The atmosphere on Spain’s coastline varies enormously from Costa to Costa and from marina to marina. From the small and beautiful Cabopino to the glitzy Puerto Banus, where yachts are squeezed in purely to be admired by the less well off passers by! Major cities such as Valencia, Almeria, Malaga and Barcelona offer marina facilities right at their centre, an option that is becoming more popular as many cities are being turned into world class destinations. Valencia in particular is beginning to rival Barcelona, as the impending America’s cup has drawn billions of euros of investment into the area. Marinas and boating facilities on both sides of Valencia such as Denia, and areas to the south of the city, are feeling the benefits.

The islands of the Balearics cover a tiny fraction of the Mediterranean, yet are perhaps one of its most popular cruising areas, and as such are the most densely populated with boats. In recent years Mallorca has shed its night club image, and a huge marketing campaign has pushed the relatively unknown and more beautiful aspects of the island. A recent article in the Majorca Daily Bulletin outlined the amount of money being invested in property and yachts on the island by UK city traders. With bonuses in excess of 1m euros, these buyers not only want a house, but a yacht to match. This, like elsewhere, has led to unprecedented demand for mooring space. Whether boat owners want a quiet laid back marina, or one with a busy night life, the one thing they all have in common is a lack of adequate berths, both in size and availability.

The shortage of berths in the Mediterranean is getting worse. There are currently an estimated 160,000 boats waiting for a long term space and skippers lucky enough to have one are sitting tight. Only recently, a report commissioned by the Spanish Government concluded that in 2005, a total of 2,300 yachts will be looking for berths in Andalucia alone, and by the year 2020 that this figure would leap to over 5,000 yachts in just this one area. The report concludes: The demand from the nautical sector of the tourism market, on the Costa del Sol alone, is reaching unprecedented figures, which can only be remedied by a dramatic upgrading of facilities. Indeed the 11 ports on the coast, which cater for yachts, only have 4,200 mooring points between them. Figures issued by the Costa del Sol Tourist Authority suggest the Costa’s ports would need to increase by 300% the number of available mooring spaces just to satisfy current requirements.

The Director-General of the Costa del Sol Tourism, Ana Gomez said “We are lacking many mooring points and because of this waiting lists are tremendous”. She went on to explain that due to the marinas being at saturation there was little benefit to be had from marketing and promotion. Nearly 60% of owners were tourists predominantly from Germany, France and the UK. With the lack of availability, prices of berths have risen dramatically, along with the annual rentals demanded by owners. This has compounded the problem, as investors are now moving into the market with the prospect of long term capital growth, coupled with excellent rental returns of between 8% and 15%. Berth prices vary enormously and depend on several factors, including the size (length and width), location (both of the marina, and position within the marina itself), and the length of lease remaining. In general they start at 50,000 euros approx. and go to several million for the very biggest. As an example there is currently a 20m berth in Sotogrande for sale at 600,000 euros – a similar size berth in Puerto Banus would sell for well over a million (if one were available!)

When a new marina is established, it is leased to the port operator by the Government for a fixed period. These periods are normally between 30 and 50 years. The berths are then bought and sold on a leasehold basis only. Gradually over time, the length of the lease left on a berth becomes shorter depending on the date the original lease was granted to the port operator. Typically berths will have leases remaining of between 15 and 25 years. Naturally in a brand new marina, the berth would have a full term lease. Each berth will have its own escritura, essentially a land title document, which is signed and witnessed by a notary in any sale or purchase. Each berth is defined by its size and a reference number on the port authority plan. Berths are always quoted in length and width ie. (8m x 3m).The bigger the boat, the wider the berth has to be! Berths are bought and sold by brokers. The largest of these is Genus Marine Leisure, who has been working in Spain for nearly 20 years. The prices for any particular berth are dictated by supply and demand, and with so much experience, Genus know all the marinas intimately and can therefore price their berths to sell at sensible market prices. If it is considered that the owner is asking too much, the berth sale is refused. In some marinas it is only possible to buy the berth, but not to rent it out to someone else (this was a condition of the original lease to the port authority). We can supply a list of these (if required). In these marinas boat owners can only use the berth themselves. Sailing conditions in the Mediterranean are virtually perfect, as there are no tides to cause problems either in sailing conditions or in entry or exit to marinas. In the UK (as elsewhere) trips have to be planned extremely carefully to ensure that the boat can both leave and enter the port with the tide. This can mean waiting for hours for the correct conditions – something that never happens in the Med! In the UK, boating is restricted to the summer months (3 at best) – more and more owners are now moving abroad to have access to 12 months of sailing in warm and calm water.

Motor boat enthusiasts tend to berth around the Costa del Sol marinas for two reasons. Firstly the diesel in Gibraltar is substantially cheaper than in Spain. Secondly the weather conditions are smoother and calmer. (The Costa de La Luz facing the Atlantic is noted for its windy conditions and attracts the windsurfers) Sailing enthusiasts tend to berth further North, towards the Balearics, as there is generally more wind, and therefore better sailing conditions. In Spain, as elsewhere throughout Europe, there is an extremely strong environmental lobby which has grown in strength in the last decade, particularly with the election of Green MEP’s to Brussels. Throughout the world, environmentally sensitive areas are being protected and designated as areas of outstanding natural beauty or as nature reserves. The argument for building more berths has never been stronger, but neither have the environmental pressures on an already developed coastline.

The Spanish Costas, and particularly the Coast del Sol, have been warned of impending environmental catastrophe if development is not brought under control. The Government is an extremely awkward position, since eco tourism is destined to be a major growth market in the next decade. However it is also acutely aware of the lack of facilities and berths for boat owners and operators. Plans for new marinas are constantly proposed, but generally drag on for many years through lengthy planning and lobbying meetings. Motor boats in particular are not considered to be environmentally friendly. Accidental fuel discharge and emptying of tanks in port (accidental or otherwise) do not help. Whilst the Green lobby is fighting to prevent further marina development, the availability of berths becomes more acute. In Italy recently, a new law has been introduced banning motor boats from coming within 200m of the coastline, making it illegal to anchor in rocky inlets and coves.

All of this helps to push prices of berths even higher. Berths that were selling for 10,000 to 20,000 euros a few years ago, are now changing hands for 80,000 to 100,000 euros. This trend can only continue with the lack of new marinas being built. As a specialist marine financial services company Marinablu offers a unique facility with our Spanish banking partners to provide berth finance, tied directly to the berth itself. This facility is only available via ourselves. This allows our clients ( whether boat owners or investors ) to raise capital against the berth itself. Existing owners are also able to release equity from their berths to buy a bigger boat or simply to re-invest in another berth.

PS-We are currently selling one of our berths in Estapona – a 25m berth – please email for more details.

The Shrinking Wallet

November 2nd, 2009

The first of the summer holiday travellers are beginning to feel the pinch on their wallet as they arrange to transfer the holiday spending money into a different currency.

Pounds to Euros… Dollars to Pounds… Dollars to Euros… These currencies especially are feeling the bite from the poor state of the economy. Holidaymakers will not be getting a good deal as in previous years. As much we see the headlines and bulletins about the bad state of our currencies, we ignore the reports as they are not immediately affecting us. Then… it will come as a shock as we go to exchange our hard-earned cash into our destination currency.

Holidaymakers however only have to live with this dire exchange rate while on holiday, but the main affected are those either moving abroad or those investing in property abroad.

This would mean that any transfer of money would have a poor exchange and as a consequence could mean the difference of up to £15,000 on a £100,000 transfer.

Midsummer 2007 saw the exchange rate for the Euro at 1.48 to the pound. Today we see the rate at 1.24. This equates to 24,000 Euros for each 100,000 Euros exchanged. Despite this poor exchange rate, various European property markets, especially Spain, are beginning to rise from the ashes as the influx of visitors arrive because of the summer.

As a consequence of such harsh rates, people having to transfer large sums, are having to think twice on how they transfer the currency. The normal channel chosen is through the banking system. But when the times are tough… alternatives are sought to exchange currencies.

The international ‘Forex market’ use Currency Brokers to exchange their daily transfers. Basically the role of the Currency Broker is to deal with money ‘wholesale’.

It is common for the banks to charge between 2 to 4% on top of their wholesale purchase of currency. 95 times out of 100 Currency Brokers charge less than 1% (the other 5% will be for currencies of third world countries, especially those within a civil war).

Rather than explain further allow me to give some real illustrations…

Case Study 1

In November 2007 Simon from Gloucestershire wanted to invest in a property in Miami, mainly because the dollar was weak against the pound. He had £175,000 to invest which was going to buy him a substantial property. He’d received a quotation from his bank at US $1.80 / £1. A broker in comparison could achieve US $1.84 to the £1; plus of course these brokers don’t charge any incidental fees. Simon if he would have gone through his bank would have $315,000; but because he chose a broker they were able to secure $322,000. This saved Simon $7,000 almost £3,400

Case Study 2

In August 2007 there was Jayne from Southampton, she was buying a property in Almeria, Spain. Her transfer was for a villa at £325,000; a superb 5 bedroom villa with sea views. Her bank had frightened her with the exchange rate, so she decided to look elsewhere; fortunately she came to a broker’s website. She’d been offered an exchange rate of US €1.39 / £1; they were able to offer €1.41 / £1. This meant had she continued with the bank she would have realised €451,750 – however fortunately the broker service could manage €458,250; saving Jayne €6,500 (£4,600)

Case Study 3

In September 2007 Dominique wanted to buy an Apline ski home in Austria. The property had been valued at £295,000. He hadn’t gone to the bank as he had heard the banks weren’t always the best choice. A broker will be fully aware of what the banks charge at what rates they work with: Barclays on this day was working with an exchange rate of €1.35 / £1; the broker on the other hand could get €1.38 / £1. Using Barclays, Dominique would have received €398,250; whereas the broker secured him €407,100 which has a difference of €8,850 (£6,400).

Case Study 4

Margaret and her husband Roy were buying in the Majorca in December 2007; they were buying a 3 Bedroom apartment on a top class complex, swimming pool, bar, shops etc. The property in Majorca is expensive so a three-bedroom apartment was priced at £265,000. Newly retired they wanted the best deal on their currency exchange. Their bank had quoted €1.31 / £1 but the broker was able to secure at deal at €1.33 / £1. This meant the currency broker was able to save Margaret and Roy €5,300 (£3,900).

Case Study 5

Elaine and Robert were buying in Northern France; a second home, but one that needed some renovation. In November 2007 the Euro had taken a bit of a tumble, so it was imperative that they got a good deal on their currency exchange to help with funds for renovation. The property purchase price was £76,000. Their bank had quoted an exchange rate of €1.33 / £1; whereas the broker secured a good price of €1.35. This was a particular good deal as days either side the broker could only secure a rate of €1.34. The exchange at the bank would have returned €101,080. The broker successfully secured €102,600; saving them €1,520 (£1,125). Elaine and Robert were happy with this saving as Robert had earmarked an inexpensive DIY kitchen.

Case Study 6

Natalie and Kevin from Blackburn were transferring two amounts over 3 months. They were buying a property off plan in Tenerife. Their first payment was a deposit of €16,500 and then a final payment of €149,500. Their first payment was in a period during 2007 when (February) the exchange was good, but by May the rate had changed down a little. However their first bank quote for the first transfer was €1.43 / £1; the broker was able to beat that quote and consequently because of their disappointment with their bank they didn’t even get a quote for the second transfer. But the currency broker estimated we saved them €4,100 which is approximately £2,800

Case Study 7

Ines and Kevin from Glasgow were buying a Duplex in Spain, January 2008; it was a strange scenario, they were renting before they bought. They had lived in Spain for approaching 11 months and had left their house sale money in their bank in Scotland. Because of their purchase they had been advised to use a broker. Rather than use the broker the building company recommended, they had chosen to look on the internet. Fortunately they had found a Currency Broker. Most brokers can always beat a bank’s quote, it isn’t so easy to beat another broker. The Currency Broker saved Ines and Kevin €1,300 Euros over another broker, but nearly €6,200 Euros against the banks

Case Study 8

Helen and Darren from Bootle in Cheshire had taken 9 months to purchase a villa in Pescara in the Abruzzo region of Italy for €650,000; January 2008. Sadly when a house purchase takes so long there can be variations in the currency rate, and on this occasion it wasn’t in Helen and Darren’s favour. So it became even more important to save on the currency exchange. Had they gone to a bank they would have paid €8,100 more than they paid a Currency Broker. They successfully managed to save them £6,090.

Mr. P. Booker

http://www.pounds-to-euros.com/

Mallorca – Top Destination For 2008

November 1st, 2009

The Spanish island of Mallorca is the main island of the group that forms an archipelago called the Balearic Islands. Located in the Mediterranean off the east coast of the Spanish mainland, Mallorca is the largest of the Balearic Islands. Mallorca is also the most popular of the islands for holidays with German and British tourists in particular returning year after year.
According to the 2005 census, the population of the city of Palma, the capital of Mallorca, was 375,048. The population of the entire area was estimated to be 517,285 – the twelfth largest urban area of Spain. Approximately half of the total population of Mallorca lives in Palma.
Mallorca started to develop as a tourist hot spot in the 1920s. Today, Mallorca sees more than six million visitors each year, but nearly all the tourists concentrate in only five percent of her territory.
Less developed areas of this elegant island are ripe for new development and prime property commands a great premium. It seems more people than ever before want to live on or invest in the gorgeous island of Mallorca. Mallorca is known as the Mediterranean Lady and it offers a little something for everyone.
The Spanish housing ministry released figures stating that housing prices rose by over nine per cent during 2006, and over twelve per cent the year before. This presents an excellent time to shop for a deal of your own private spot of heaven, Mallorcan style. Property prices remain competitive when compared with other regions of Spain.
Buyers from Russia, Sweden, France and Ireland are jumping on the band wagon that was once dominated exclusively by Brits and Germans. Mallorca’s leading international real estate marketing company has twenty sales offices in Mallorca and Ibiza in the Balearic Islands as well as in Germany. Leading agents in the area show little sign of slowing down. An agent is an excellent starting point to find properties that accommodate individual investment needs and tastes.
The rich culture and history of Mallorca are a large attraction for visitors and homebuyers alike, making it a peaceful place to live and experience serenity.
However, there is far more to Mallorca than the sea, the sand and the sun. Atmosphere is conducive to everything else in life, surroundings, weather, healthy diet and lifestyle and especially state of mind.
Tourists and home buyers alike are attracted to Mallorca’s unique subtropical climate offering peace of mind year around. Soft breezes rolling in from the Mediterranean adds to the simple charms and personalities of wonderful lifestyle.
Healthy diets of fresh vegetables, fruit, fishes and olive oil constitute a better quality of life. European chefs and sommeliers present culinary delights, cooking savoury meals with natural juices and fresh herbs. Discover Gothic architecture treasures, beautiful almond and olive groves, small sun bleached hilltop villages and white beaches galore. Take a stroll along the quiet city and find yourself surrounded by chic shops full of treasures. Hike along ancient mountain paths. Visit romantic villages mountainside and the historic castles set in the rolling hills of the island. Mallorca Island is dynamic with its dramatic mountains, hidden coves and various historical archeological sites.
Find your palace on Mallorca for a week or for the rest of your life and spend your next holiday in a Mediterranean paradise, and see for yourself why Mallorca holidays are the most popular in Europe.

Finding the Best Rental Villa Deals Online

November 1st, 2009

Holiday villas and apartments have become a popular alternative to Hotels and B&BS for tourists going on holiday. Advantages include greater privacy, the opportunity to cater for oneself, a more homely feel, more space and better value for money for groups and families. With so many opportunities to rent holiday accommodation in location like Majorca, Florida and the Algarve how do you choose just one property and get the most bang for your buck?

The first step is choosing a destination. If price is important then opt for a destination where rental accommodation is more affordable. Such destinations include Turkey, India and Nicaragua. In Europe there are often better deals in the north of Portugal and Spain than in the south and even cheaper properties in nearby Morocco.

Consider renting accommodation in an inland location. Often one can book larger villas with their own swimming pool at a lower price by avoiding the most high demand locations by the beach. Benefits can include a quieter, more rural location and with a hire car many beaches can still be reached after a short drive. As always location is everything when it comes to property so if you are prepared to compromise you can often get a better deal.

Renting in the shoulder seasons, in the spring or autumn is another excellent way to save money. With less demand for holiday villas and apartments during these periods you will be able to choose from a wider selection of properties and rates are usually a good 30% less then they are in the peak season. Furthermore it is often possible to get considerably better deals on hire cars and flights during the shoulder season so your total savings can add up.

Keep an eye out for accommodation rented directly by the property owners! Many rental properties are advertised by agencies who will take a proportion of the rent as their fee. Renting with the owners direct can save you money as some of these savings may be passed on to you. Property owners can often offer added value by providing you with insiders knowledge on the best places to eat out, places of special interest nearby, the best local beaches etc. and it can be reassuring to form a relationship with the owner and to have their contact details should any problems arise during your trip.

Book your flights early. By booking your airline tickets well in advance you should be able to secure a good deal. Research which low cost airlines (e.g. Easyjet and Ryanair) fly to your preferred destination and sign up with their mailing lists so they can notify you when flights go on sale. As a general rule it is always best to book flights at least two weeks in advance and midweek flights are often more affordable then those on the weekends or during holiday periods.

Use long tail search phrases. Search the internet using detailed search phrases rather than simple short terms. Try using quotation marks to force the inclusion of important attributes such as ?internet access?, ?a swimming pool? or a ?garden? in your search. Also, try including words like ?affordable?, ?value?, ?owner? and ?discount? in your search.

Prepare an email in notepad or your word processor with details of your holiday plans, the dates you would like to book and any important requirements. It never hurts to ask if it is possible to get a discount especially if you intend to stay for 2 or more weeks in the low or shoulder season and you could ask about feedback from previous guests. When you see a property you are interested in paste your email into the web form or your email program and send out plenty of emails. You should then receive further details about properties that are available and get a feeling for which renters are most responsive and helpful.

The next step is to telephone the owners of properties on your short list. Find out as much as you can about each property and get to know the people renting the property. Often you will find someone who you get on well with and feel comfortable doing business with.

Follow your instincts. If you feel good about a certain property and trust the person you have spoken with you should be confident to book with them. Once you know in your heart that you are working with trustworthy people and are happy with the offer you have been made you should be ready to reserve your rental villa or apartment and enjoy the final preparations for your holidays.

Do plenty of reading on the destination you intend to holiday at. There is a wealth of information online that will help you make plans for your holidays. Consider what you are going to do with your time and decide on some things you would like to do. Print out or jot down notes so that when you are on holiday you are prepared to make the most of your holidays. Finally when you set off on your vacation sit back and relax with the positive intention to enjoy your entire trip as much as possible.

Balearics – Fun in the Sun on Stone Age Islands

November 1st, 2009

Located in the western Mediterranean Sea around 60 miles from the Iberian coast is the archipelago of the Balearic Islands that forms one of the Autonomous Communities of Spain.

Mallorca, Menorca and Cabrera can be found to the Northern end with Ibiza and Formentera in the Southwest. These wonderful islands have Palma de Mallorca as their capital city and have two officially recognized languages – these being Catalan and Spanish.

There is no wonder that the Balearics are one of the more favoured holiday destinations in Spain, as with over 300 days of sun per year and some of the world’s prettiest beaches they offer near perfect conditions for getting away from the stresses and strains of modern life.

As close to each other as they are, each of the islands has a personality all of its own. They have a rich cultural heritage and the locals are extremely accommodating, welcoming the influx of tourists (mainly European) each year with hospitality, which is second to none.

There are numerous accounts as to where the islands got their name from, but probably the most interesting is the one which says that they were named Gymnesiae (which is Greek for ‘naked’) by the ancient Greeks as the early inhabitants were often found to be nude or clad only in sheep skins.Majorca (Mallorca)

By far the most popular tourist resorts on the island of Majorca are the ones around the bay of Palma. S’Arenal, Magaluf and Palma Nova are among these attracting thousands of visitors into package tour hotels near the beaches although in recent years there has been a growing trend for more experience, individual travellers to book their own accommodation and take advantage of the low cost airlines. Puerta Pollensa, for example, is a more upmarket and exclusive option and is a popular destination for these independent styles of villa holidays.

Majorca has many beautiful villages, mountains and hidden bays, which are rarely discovered by tourists. The capital of the Balearic Islands, Palma de Mallorca is located here and has a beautiful historic centre overlooked by a Gothic cathedral.Minorca (Menorca)

Minorca is the second largest of the Balearic Islands at 9 miles (15km) wide and 32 miles (52km) long. The capital of the island is Mahon, which has one of Europe’s largest natural harbours with both local and colonial architecture built on a hill overlooking the port.

The coastline of Minorca is one of rugged, rocky coves and inlets, which make ideal and relaxing un-crowded beach holidays.

Unlike the other islands in this archipelago, Minorca and its hilly rural interior has been left almost unspoilt which means that the locals do not have to rely on tourism, which has resulted in a thriving local industry.

There is also plenty of history and culture to be found in this relatively small area, with the most famous of the attractions being the Pipe Organ and some of the many archaeological sites.

Mahon itself can offer its visitors plenty of sights to see for those who don’t just want beaches and sea, such as the mansion house overlooking the bay, once occupied by Lord Nelson, and the Xoriguer distillery where the world famous Menorcan gin is made.Ibiza

Probably best known as the party capital of the world, Ibiza is a Mecca of a destination for the young (at heart?) who want to stay out late and visit some of the most famous clubs in the world.

Although the holiday resorts are filled by thousands of visitors during the season, there are plenty of other things for them to see and do other than the legendary nightclubs. Some of these attractions include the museums, the festivals and events and more than 50 stunning beaches.

Due to the beauty of the island and the generally guaranteed weather, there are many companies who use the island as photographic and film shooting locations.

Ibiza town, the largest town on the island, also lays claim to being one of the best-preserved medieval towns in Europe.Formentera

Most of the beaches of Formentera, the beautiful and unspoilt island in the South-western Balearics, attract nudists from all over Europe in addition to nature lovers and young families seeking safe and relaxing holidays in a tranquil environment.

As there is no airport on the island, the only way to get here is by ferry, which leaves from Ibiza every 2 hours. There are then many transfer buses from the port of Formentera to the towns of La Sabina, San Francisco and La Mola.

The fact that the island can only be reached by ferry means that the it has retained the original Spanish feel and with little mass tourism this gives the visitor a great chance to explore the island and browse through the old shops and villages.Cuisine of the Balearics

Due to the many cultures that have passed through the archipelago over the years, there are hundreds of different dishes that now make up the gastronomy of the islands of Majorca, Minorca and Formentera with most of them taking full advantage of the islands resources.

Fish and fruit are abundant and occur as an ingredient in many dishes. Food products you should try…

Olive oil from Majorca, Cheese from Mahón, Artichokes, Majorca almonds, Gin from Minorca, Sobrasada, Majorcan Ensaimada, Aubergine.Don’t forget to try these dishes…

Black rice, Crayfish stew, Fish ‘tumbet’, Majorcan vegetable soup, Pork loin with cabbage, Sóller eggs.

Find more articles on Spain here

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Holiday Home Owners In Spain Could Do Best In the Recession

October 31st, 2009

When the economy is good and people are taking two or three holidays a year, letting out an overseas property and getting good occupancy levels isn’t that difficult.
And with low interest rates, the rentals will cover the mortgage and often leave enough for a profit, and at the end of the mortgage the property is owned outright by the buyer, leaving him or her with a valuable asset good for a pension, or for a retirement home in the sun. Everyone involved, the owner, the bank and the people who rented for a holiday are happy.
But in times of economic troubles the picture isn’t so happy, and it’s at these times that potential buyers should really way up if the area they are considering buying in is a good investment.
The number of people renting villas and apartments abroad drops, the mortgage payments aren’t covered, and if the owner hasn’t got deep enough pockets to pay the shortfall between the rental income and the mortgage the home is repossessed.
But even in times of economic downturns this can lead to a new generation of overseas property owners picking up properties on the cheap, ready to rent out when times get better, and perhaps sale at the top of the next economic cycle.
So where is a good place for new overseas property buyers to look for? The answer is where the holiday markets are still strong despite the recession, where rental incomes might not dip as much as in other areas.
One UK based villa holiday specialist company has analysed which areas produced best booking returns for the 2007 villa holidays season, and Spain came out top. Within Spain it’s important to know which regions – and even narrower – which areas are performing best.
The regions of Spain showing good villa holidays rental potential include the three Balearic islands of Menorca, Ibiza and Majorca. The Canary Islands of Tenerife, Gran Canaria and Lanzarote were also popular last year and expected to be so again in 2008.
On the Spanish mainland the Costa Blanca was the most popular region, the Costa Blanca being made up of areas like Torrevieja, the Jalon Valley and Denia.
Once in a region where holiday villas are for sale look for something that has general appeal but also appeals to a particular market – a golf course is a good example. Menorca is a prime example of where it could make sense to buy close to a golf course.
The island only has one golf course, Son Parc, and if an overseas property buyer was to invest in an apartment or villa close to Son Parc the occupancy rate could be higher than other parts of the island, and the rental prices could be higher than those areas further away from the golf.
Menorca is the second largest of Spain’s three Balearic Islands. The other two islands are Majorca and Ibiza, Majorca holiday villas could also benefit during any recession as it is becoming increasingly popular and taking market share away from other holiday rental destinations.
Daytime summer temperatures hover around 27C in Menorca. Lovely peaceful days are on the menu on this island, a pace that attracts holiday makers in their 50’s and 60’s – who often have the spending power to rent a villa for a week or two, helping the owner with mortgage and other costs of maintaining an overseas property.
Overall the message is clear – in times of an economic downturn be careful where you buy a holiday home if you need to take a mortgage out to finance it. Do some research – and don’t accept estate agents high occupancy levels at face value – the estate agent is after a sale and acting for the seller, not you – do your own research locally first before committing to a sale – and use a lawyer to complete the sale to try and make sure there are no hidden problems.

Investing in Mallorca Real Estate

October 30th, 2009

Investing in real estate in Mallorca could be one of the most exciting purchases you make in your lifetime. Whether you are investing or looking for a home to settle down in there is plenty of choice of real estate on the Mallorca market.

While looking for a new home and sorting out the paperwork can be a stressful experience, try to relax and enjoy it as much as possible. After all, this is Mallorca and there are few better places to relax. Try to combine you house hunting with a holiday. Take a few days off to enjoy the excellent local cuisine and beautiful scenery.

Before you start searching on the Mallorca real estate market, try to seek the advice of someone you know who has already bought in Spain. Get as much information from them as possible so you know what to expect.

You will also need to enlist the help of a good Mallorca real estate agent and a good lawyer. Again, try to get some recommendations as a good real estate agent and a good lawyer will help make buying a Mallorca home a much more enjoyable experience.

Try to be practical about your needs. If you only use your home for a few weeks each year you may not need anything too lavish. Or if you plan on retiring in your new home, you do not want a house with steep steps or that is hard to access. Try to figure out the exact kind of home you need before you start searching on the Mallorca real estate market.

Also, try to find a good location. Prime property will always be by the coast but even if you decide to buy inland, be sure that you have access to local amenities such as shops and schools.

The fees and charges associated with buying Mallorca real estate, or real estate anywhere in Spain, are relatively high. Add 10 per cent of the purchase price to cover legal fees and other charges.

Ideally, you will have the funds to cover your new property. However, most of us have to borrow to cover costs. You have the choice of getting a mortgage in your home country and using that to buy your home in Spain, or you can get a Spanish mortgage. Interest rates in Spain are significantly cheaper than in the UK so you could save a lot of money with a Spanish mortgage.

If you find a home you are really interested in, visit as many times as possible and at different times of the day. If possible, try to spend some time staying in the area so you get an idea of the locality and have an opportunity to talk to some of the locals.

If you decide that it is the property for you, you will need to talk to a lawyer. Find a lawyer who is fluent in both Spanish and English. You can expect to pay about 1 per cent of the purchase price to your lawyer, but this is well worth it.

To make an offer for Mallorca real estate you should first have agreement in principle for your mortgage. It is common to make a provisional offer that is subject to mortgage approval. The buying process in Spain can be slow so be patient. However, if you do see something you really like, be prepared to act fast as the Mallorca real estate market is competitive.

Once you have paid a deposit on a home the selling process can begin. Once your lawyer has ensured everything is in order, you sign an agreement with the seller and pay 10 per cent of the purchase price.

The final completion takes place when you sign the title deeds in the presence of a Spanish notary, and pay the remaining balance.

In Mallorca real estate, you will have something you can enjoy and value for years to come.