Posts Tagged ‘Apartment’

Finding the Best Rental Villa Deals Online

Sunday, 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.

Does “credit Crunch” Mean Bargain Mallorca Property Deals?

Monday, October 26th, 2009

Inevitably it has been a relatively flat year for the Mallorca property market, but compared to other locations the market is proving resilient to the prevailing economic slowdown. There are certainly some good deals to be had and this could be a good time to get into the market, but buyers should not expect the kind of dramatic price cuts seen in other markets, and wise investors will not necessarily look to the most heavily discounted properties.

Mallorca has, for many years, been one of the most solid and positive property markets in Europe. But even this strong market is not escaping the effects of the economic instability we are seeing across the world. Overall however, the slow down in Mallorca is less severe than that being experienced in the UK, mainland Spain or most other locations. Also the effect of the slow-down varies widely between areas and types of property.

Underlying this, Mallorca still remains one of the most sought-after property markets in the world and the supply of good properties continues to be limited. It is important to understand this, and the reasons behind it, if you are to get the best value during this period when there will be some good buying opportunities:

 

These factors all mitigate against the effects of the international slow down and show Mallorca to be a good investment. But even the strongest markets are not escaping the current slow down and there are good opportunities to buy that would not have existed last year. This all points to this being a good time to get into the Mallorca property market if you are in a position to do so.

So, where do the best opportunities lie?

There are already some “bargains” to be had, and likely to be more. But the best investments will not necessarily be the properties where the greatest price reductions have occurred. Just as there are far more significant cut-price deals on the mainland at present … would you rather own one of those or a good property in Mallorca in a few years time?

The same applies to different areas and properties within Mallorca. The best properties will go down by the least amount, and go up by the most when things turn around.

Our advice is to focus on the well-established prime areas. They are the prime areas for good reason, i.e. they are the most attractive when you take all factors such as amenities, scenery and accessibility into account. The price reductions in these areas might be less, but this is where the demand has remained most solid and where it will escalate most when things get back to normal.

Areas at the top of the recommended list are, therefore, probably ones you have already heard of: Pollensa Old Town and Puerto de Pollensa in the north, Palma Old Town and Santa Catalina, Puerto de Andratx, Port Adriano and El Toro / Santa Ponsa on the SW coast, Puerto de Soller and Soller Old Town in the NW, and the good resort towns on the east coast such as Cala d’Or and Portocolom. (See our area guide – Mallorca Properties Area Guide).

Within these areas, focus on properties that are in a good location (views, nice countryside, good part of town, premium developments, good accessibility etc), and those which are high quality properties or can be renovated to a good standard.

Don’t expect such properties to come at the sort of bargain knock-down price reductions we are seeing on mainland. But you can expect some negotiation and there will be some good deals to be had on properties that should be excellent investments for the future.

What you need to consider is how much these properties will start escalating when the economic environment improves, and how advantageous it will be to get into the market now rather than leave it until then. Our tip as to the best time to buy is early next year through to mid-March (i.e. before the holiday season and main buying period gets under-way).

If you are interested and want to discuss any aspect of the Mallorca property market in more detail please do not hesitate to email or call us via our website Mallorca Property Partners or using the contact details provided on this page.

Finding Bargain Majorca Property

Monday, October 19th, 2009

Majorca, also known as Mallorca, has seen quite a good number of property hunters in the recent years as the place has been one of the most sought-after property markets in modern time. As many investors have discovered the beauty that is presented by this largest island in Spain, finding a bargain has become tougher than ever. Even with the global crisis, it remains to be one of the most promising sites and huge price cuts to ensure a quick sale cannot be expected. It still commands a significant amount of attention from the international market even if other real estate properties have reached a down slide.

Nevertheless, finding a Mallorca property at very reasonable prices is very much achievable. You cannot expect to get a valuable property at knockdown prices as many other investors have set their interests on the island. To be able to get the best price for a Mallorca property, follow these simple tips.

Get an agent. Many people fall into the trap of having to negotiate for properties themselves to avoid paying agent’s fees. This could be a bad move and might only cost you more. To understand the real value of a property, you need to know its surroundings, its applicable laws and governance, its nearby facilities and its local people. To get a good grasp of these, you need to go back again and again to the place which might cost you more. Agents have a better feel of the property as they have seen this place so many times so they can explain well what it has to offer to all their clients. Also, as much as you can, get a local property agent or one who has a connection with locals. Often, local agents can help you with existing property laws and acquisition requirements.

Check the property yourself. Although you need to get an agent, it does not mean that you can leave it all to him. You have to check the place yourself. You and your agent may have different views; what is amazing to him may not really be very interesting to you. After all, you will be the one paying for and owning the property. Whether you are getting a villa, an apartment or just a piece of land, you need to be sure you like it before you buy it. Do not rely on photos, videos or reports that the agent provided you.

Getting a bargain may also mean you need to do a thorough research. Most Mallorca properties can provide good value to your money, but it still is advisable to go over websites featuring Majorca villas and apartments to see what are available and being offered by different real estate developers and private owners. Through these websites, you can compare properties based on their locations, amenities and prices, and make a more informed decision on which part of Majorca you would like to have a property on. Since this can be a big investment, also analyzing how future developments can affect your desired property’s value will surely be worth your time.